Syngenta still aims to close ChemChina deal in 2016
Syngenta despite regulatory concerns says the sale to ChemChina should close this year. First-half net profit slipped 13 percent to 1.06 billion dollars as sales fell seven percent to 7.09 billion amid weak crops, rain, and Latin American weakness. New CEO Erik Forwald cited constructive talks with regulators and projected flat Ebitda margin.
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Whirlpool tops estimates on solid sales and cost cuts
Whirlpool reports higher than expected quarterly profit as North America sales rise to 2.8 billion while other regions lag. Ongoing earnings per share reach 3.50 with net income at 320 million and revenue at 5.2 billion, aided by cost reductions and a higher profit outlook.
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Honeywell trims 2016 sales forecast on aerospace slump
Honeywell International cuts its full year sales target to 40.6 billion from 40.9 billion. Q2 revenue rises 2.2 percent to about 10 billion missing estimates. Aerospace sales fall 1 percent to 3.78 billion due to program delays and incentives. Automation and control sales rise 9 percent to 3.89 billion aided by acquisitions. Net income reaches 1.28 billion with 1.66 per share, above estimates, lifting full year earnings to 6.60 to 6.70 per share.
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