Alan Shaw, CEO, Norfolk Southern Scott Mlyn | CNBC Norfolk Southern’s board is examining allegations that CEO Alan Shaw engaged in an inappropriate workplace relationship, according to three people familiar with the matter. The probe is in its early stages, and it is possible that no misconduct may be uncovered. The company is working with … Read more
Honeywell International completing its $4.95 billion acquisition of Carrier ‘s security business exemplifies how the disparate industrial conglomerate must lean into core businesses. It’s not enough. “More and more people will realize that this [Global Access Solutions] was a good acquisition,” Jim Cramer said Monday. But it’s how to value Honeywell without the dead weight … Read more
My top 10 things to watch Monday, May 20 1. Welcome to Nvidia week: The chipmaker’s highly anticipated quarterly earnings report hits Wednesday after the bell. Several research firms lifted their price targets heading into the print, including Barclays (to $1,100 from $850) and Stifel (to $1,085 from $910). In my Sunday column , I … Read more
Heat pumps are becoming more popular for residential housing with energy prices increasing and the need to reduce use of fossil fuel heating systems. Andrew Aitchison | In Pictures | Getty Images In case you haven’t noticed, heat pumps are hot. Although these devices, which use electricity to generate both air conditioning and heat, have … Read more
Wall Street analysts on Monday issued a bearish call on Club holding Honeywell International , citing its lagging stock performance and sluggish growth prospects. We’re hopeful management can get the company back on track by reshaping its massive portfolio of far-flung businesses. Deutsche Bank downgraded Honeywell to hold from a buy rating and lowered the … Read more
An aerial photo shows Boeing 737 Max airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, on March 21, 2019. Lindsey Wasson | Reuters Help wanted at Boeing. CEO Dave Calhoun on Monday announced he is stepping down from the aerospace giant’s top post at year’s end as the company struggles with … Read more
This year will certainly be known for tech reasserting its dominance on Wall Street. However, the powerful snapback rally of 2023 has broadened out over the past seven weeks or so to include companies whose fortunes are more closely tied to the U.S. economy. With the Federal Reserve’s interest rate hikes on pause and three … Read more
