Honeywell To Modernize Wind Profiler System For National Weather ServiceHoneywell To Modernize Wind Profiler System For National Weather Service
The economic outlook and investor expectations have been getting worse due to rising oil prices and continuing casualties(FNM, FRE) in the financial sector. Investors are worried that, due to low consumer confidence, Honeywell will face reduced business in all its segments and will not be able to meet its guidance.
Honeywell was sued in New Jersey, Connecticut, Illinois and Tennessee on charges of artificially inflating the price of automobile filters.