ADVFN - Advanced Financial Network.
HOME» NYSE » H » HON Stock Price » HON Stock News

Honeywell Share News

 Honeywell International, Inc. Stock Price
HON Stock Price
 Honeywell International, Inc. Stock Chart
HON Stock Chart
 Honeywell International, Inc. Stock News
HON Stock News
 Honeywell International, Inc. Company Information
HON Company Information
 Honeywell International, Inc. Stock Trades
HON Stock Trades

UPS Adopts Mark-To-Market Accounting Method; Warns Of Weaker 4Q Net

DOW JONES NEWSWIRES United Parcel Service Inc. (UPS) said it is changing the way it accounts for gains and losses related to its pension plans, saying the system is more transparent, but warned of an $827 million pre-tax charge for the change this fiscal year. The change has no effect on the actual pension plans. The shipping company will switch to recording pension-related gains and losses each year, rather than spreading the impact over several years. It follows several other major companies that have recently adopted the accounting method, including Honeywell International Inc. (HON), International Business Machines Corp. (IBM) and AT&T Inc. (T). The accounting change will reduce fourth-quarter earnings by 51 cents a share, but should raise adjusted earnings by 3 cents. Full-year earnings will be reduced by 41 cents, but adjusted earnings will rise by 12 cents. The company previously forecast adjusted earnings of $4.15 to $4.40 for the year. A market-to-market adjustment will be made in the fourth quarter of each year going forward. International growth has kept overall volume rising lately as U.S. volume has stagnated. But, UPS has been increasingly wary of how business in the U.S. will hold up as the economic outlook grows cloudier. UPS has also offset climbing fuel costs with some increased shipping rates. In October, UPS said its third-quarter earnings rose in results the company said were driven by its supply chain/freight segment. Shares closed Thursday at $75.84 and were inactive premarket. The stock is up 6% over the past three months. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Honeywell (HON)
DateTimeHeadline
12/08/201610:10:00Honeywell's Transportation Systems Forecast Sees Global Annual...
12/08/201608:00:00Nobel Laureate Claude Cohen-Tannoudji Inspires Students To Pursue...
12/06/201609:57:00Delek Refining To Use Honeywell's Connected Performance Services...
11/30/201608:30:00Honeywell Control And Safety System Selected For Vital Natural...
11/30/201605:07:00Honeywell To Provide Advanced Navigation System To New British...
11/22/201609:00:00Smart Home For The Holidays: Honeywell Offers Tips To Maximize...
11/21/201616:03:41Statement of Changes in Beneficial Ownership (4)
11/21/201610:07:00Honeywell Handheld Computers Make Picking Up Online Purchases...
11/21/201610:07:00Honeywell Handheld Computers Make Picking Up Online Purchases...
11/16/201609:51:00Honeywell Handheld Computers Help U.S. Postal Service Expand...
11/15/201616:05:00Supersonic Passenger Jet Edges Closer to Reality
11/14/201610:00:00Honeywell And NASA Bring Stem Education To Life With Hip-Hop...
11/14/201609:00:00Honeywell Puts Building Controls In Occupants' Hands
11/09/201609:57:00Honeywell's Connected Performance Services To Help PetroVietnam...
11/09/201609:00:00Nobel Laureate George Smoot Inspires China's Beihang University...
11/08/201616:06:51Statement of Changes in Beneficial Ownership (4)
11/08/201616:05:01Statement of Changes in Beneficial Ownership (4)
11/07/201612:00:00Honeywell And NASA Bring STEM Education To Life With Hip-Hop...
11/07/201609:56:00Honeywell to Announce 2017 Outlook and Hold its Investor Conference...
11/03/201611:26:00Honeywell's Enacto Energy Management Software Now Available For...

Honeywell and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US