Honeywell

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Army's Workhorse Copter Fleet Is Grounded

400 Chinooks are grounded after engine fire risk is uncovered

(Newser) - The US Army has grounded all of its 400 CH-47 Chinook helicopters after uncovering a risk of engine fires. The grounding of the entire fleet of Boeing workhorse copters—which CNN describes as "the Army's only heavy-lift cargo helicopter supporting combat and other critical operations"—was ordered...

Dow Jones Is Removing Its Oldest Member

Exxon Mobil is among 3 leaving in shake-up

(Newser) - Three companies are departing the Dow Jones Industrial Average—including Exxon Mobil, currently the oldest member of the influential 30-company stock index. The oil giant, which joined the index in 1928 as Standard Oil, will be leaving along with Pfizer and Raytheon in the Dow's biggest shake-up since 2013,...

Trump, Aides Visit Arizona Mask Factory, Skip Masks

President donned goggles at Honeywell plant

(Newser) - After the controversy over Vice President Mike Pence's maskless visit to the Mayo Clinic, President Trump visited a plant in Arizona that makes N95 masks and wore some of the company's equipment on his face—goggles. The president and staff members including chief of staff Mark Meadows and...

Strong Earnings Propel Rally
 Strong Earnings Propel Rally 
MARKETS

Strong Earnings Propel Rally

Nasdaq up almost 5%, Dow and S&P jump 4% for the week

(Newser) - Stocks rallied to weekly gains today as the markets absorbed last night's strong earnings report from Google and industrial multinationals Caterpillar and Honeywell recorded unexpected first-quarter growth, Bloomberg reports. Google propelled the Nasdaq up 61.14 to close at 2,402.97. The Dow rose 228.87 to 12,849....

Selloff Drives Dow Down 171
Selloff Drives Dow Down 171
MARKETS

Selloff Drives Dow Down 171

Two-day rally snaps on renewed jitters over mortgage crisis

(Newser) - A 2-day rally sputtered today as the Dow fell 171.44 to 12,207.17 on new jitters about a touchy market. Even strong quarterly reports from Microsoft, Caterpillar, and Honeywell couldn’t keep investors buying this morning; said one economist, “The market is still in a very fragile...

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