Honeywell spins off more than $7 billion of its operations, but holds on to aerospace division

Wednesday, 11 October 2017, 03:00:45 PM. Honeywell is spinning off businesses worth more than $7 billion, but holding on to its lucrative aerospace division.

Honeywell is spinning off businesses worth more than $7 billion, but holding on to its lucrative aerospace division.

Becoming two separate and publicly traded companies, Honeywell said Tuesday, are its homes product portfolio and ADI global distribution business, along with its transportation systems business.

The homes and global distribution business will include home heating, ventilation and air conditioning controls and security markets and security and fire protection products. It will have about 13,000 employees. The transportation systems business will serve a range of engine types across global automobile, truck and other vehicle markets. It will have about 6,500 workers.

Honeywell International Inc., based in New Jersey, expects the restructuring will be completed by the end of next year. It also boosted the low end of its full-year earnings forecast.

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A Northern California firestorm is one of the worst in state history, officials say. The Dodgers are heading to the NLCS after beating the Diamondbacks Monday night. Police have dramatically changed their account of how the Las Vegas massacre began. The Los Angeles Times has named a new editor in chief. 

A Northern California firestorm is one of the worst in state history, officials say. The Dodgers are heading to the NLCS after beating the Diamondbacks Monday night. Police have dramatically changed their account of how the Las Vegas massacre began. The Los Angeles Times has named a new editor in chief. 

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A Northern California firestorm is one of the worst in state history, officials say. The Dodgers are heading to the NLCS after beating the Diamondbacks Monday night. Police have dramatically changed their account of how the Las Vegas massacre began. The Los Angeles Times has named a new editor in chief. 

A Northern California firestorm is one of the worst in state history, officials say. The Dodgers are heading to the NLCS after beating the Diamondbacks Monday night. Police have dramatically changed their account of how the Las Vegas massacre began. The Los Angeles Times has named a new editor in chief. 

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A wind-fed wildfire surged over the Anaheim Hills on Monday, burning several homes and forcing thousands to evacuate as fire crews struggled to battle the rapidly growing blaze.

A wind-fed wildfire surged over the Anaheim Hills on Monday, burning several homes and forcing thousands to evacuate as fire crews struggled to battle the rapidly growing blaze.

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The blazes that have ravaged upwards of 100,000 acres.

The blazes that have ravaged upwards of 100,000 acres.

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Los Angeles Times reporters Andy McCullough and Dylan Hernandez talk sweep and what is next for the Los Angeles Dodgers in the NLCS.

Los Angeles Times reporters Andy McCullough and Dylan Hernandez talk sweep and what is next for the Los Angeles Dodgers in the NLCS.

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The Dodgers beat the Diamondbacks 3-1 in Game 3 of the National League division series on Monday to advance to the National League Championship Series.

The Dodgers beat the Diamondbacks 3-1 in Game 3 of the National League division series on Monday to advance to the National League Championship Series.

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