DIRS.INFO The most relevant business & tech news

☆ Activist investor Elliott Management has $5 billion Honeywell stake, seeks breakup
▼ + stars: | 2024-11-12 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Activist investor Elliott Management has a $5 billion-plus stake in Honeywell , and it is pushing the industrial conglomerate to break itself up into two companies. Elliott managing partner Jesse Cohn and partner Marc Steinberg wrote in a Tuesday letter that "the conglomerate structure that once suited Honeywell no longer does." Elliott believes that dividing Honeywell into two companies could unlock upside of as much as 75% over the next two years. In the past, Cohn and Steinberg wrote, Honeywell's carefully assembled businesses had previously driven "consistent" margin improvements. A Honeywell spokesperson said that the company and its board "acknowledge and appreciate the perspectives of all our shareholders."

Persons: Elliott, Jesse Cohn, Marc Steinberg, Vimal Kapur, Cohn, Steinberg, Honeywell's Organizations: Honeywell, Elliott Management, Aerospace Locations: Morristown , New Jersey

☆ What to do with Honeywell stock after its sharp post-earnings pullback
▼ + stars: | 2024-10-24 | by ( Jim Cramer | ) www.cnbc.com time to read: +7 min

Dow stock Honeywell was one of the biggest drags on the 30-stock average Thursday after Club industrial giant reported mixed third-quarter results compounded by a mixed outlook. HON YTD mountain Honeywell YTD Honeywell shares sinking 4.5% after the release was understandable but represents an opportunity. Honeywell Why we own it: Honeywell is a provider of industrial technology solutions to companies in various industries. Sales were revised lower because the short cycle recovery in the company's industrial automation segment is not materializing as quickly as management was expecting. Honeywell International Inc. signage is displayed on a monitor on the floor of the New York Stock Exchange (NYSE) in New York.

Persons: we're, Vimal Kapur, Kapur, Kupar, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Dow, Honeywell, Emerson, CAES Systems, Air Products, Aerospace Technologies, CNBC, Honeywell International Inc, New York Stock Exchange, Bloomberg, Getty Locations: New York

LAS VEGAS — DEF CON, the world’s largest hacker conference, is trying to put its legions of experts to work by creating a volunteer army to help protect America’s vulnerable water systems and schools. It also aims to help the broader public access the cybersecurity research the hackers produce during the conference each year. “So how do we best help them help other people?”The project has two main elements. The second is connecting hackers with places that are in desperate need of cybersecurity help, starting with water and wastewater facilities and schools. DEF CON has partnered with the largest water facility trade group, the National Rural Water Association (NRWA), to help match facilities with hackers.

Persons: “, ”, Jeff Moss, Def Con Franklin —, Benjamin Franklin’s, Moss, he’s “, it’ll, it’s, we’ve, Jake Braun, ” Braun, Matt Holmes, Con, It’ll Organizations: VEGAS, U.S, Environmental Protection Agency, University of Chicago’s Harris School of Public Policy, Def Con, Rural Water Association, Aerospace, Capitol Locations: Las Vegas, U.S, ”, China, America

☆ VIPER moon rover: Inside the scramble to save NASA’s canceled lunar vehicle
▼ + stars: | 2024-08-04 | by ( Jackie Wattles | ) edition.cnn.com time to read: +14 min

And the availability of the VIPER spacecraft piqued the company’s interest for future projects, Intuitive Machines told CNN. To get reach that goal, Intuitive Machines will likely have to dip into its own funds to complete VIPER’s finishing touches before liftoff. The Simulated Lunar Operations Lab at NASA Glenn Research Center tested planetary roving vehicle systems and components for vehicles such as the VIPER Rover. The Astrobotic Griffin lunar lander (pictured here in a rendering) is now slated to take off no earlier than late 2025. The lunar lander was designed to carry NASA’s VIPER rover as its main payload.

Persons: There’s, ”, Jack Kiraly, VIPER, Tim Crain, Thomas Zurbuchen, Aubrey Gemignani, Crain, ” Crain, “, Josh Marshall, it’s, Astrobotic, Griffin, John Thornton, Chandan Khanna, Griffin’s, Thornton, ” Thornton, Kiraly, I’m, Sen, Shelley Moore Capito, luncheons, Craig Hudson, Jerry Moran, ” Kiraly, “ It’s Organizations: CNN, Exploration Rover, NASA, Planetary Society, Research, Goddard Space Flight, Machines, NASA Glenn Research Center, VIPER Rover, Technology, United, Cape Canaveral Space Force, Getty, VIPER, Republican, Reuters Lawmakers, Commerce, Justice, Science, Kansas Republican Locations: Houston, Maryland, Nova, California, Pittsburgh, Cape, Cape Canaveral , Florida, West Virginia, Washington, Washington ,, China, Kansas

☆ Stocks making the biggest moves midday: Affirm, Disney, Krispy Kreme, TransDigm and more
▼ + stars: | 2023-11-09 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Affirm posted $496.5 million in revenue, more than the $444.5 million consensus estimate, according to FactSet. It posted adjusted per-share earnings of $8.03, greater than the consensus estimate of $7.55, according to FactSet. The media conglomerate expanded its cost-cutting measures by $2 billion, and reported stronger-than-expected adjusted earnings for the fiscal fourth quarter. Becton, Dickinson and Company — Shares dropped more than 8% after Becton, Dickinson and Company reported disappointing quarterly earnings. The medical technology company posted adjusted earnings of $3.42 per share, lower than the $3.43 per share anticipated by analysts polled by LSEG, formerly Refinitiv.

Persons: Duolingo, Valaris, FactSet, Dickinson, Krispy Kreme, Amylyx, CNBC's Lisa Han, Alex Harring, Hakyung Kim Organizations: . Virgin Galactic Holdings, TransDigm, — Aerospace, TransDigm Group, Disney —, Disney, Barclays, Arm, Company, LSEG, Revenue, AMC Entertainment, Pharmaceuticals

Search resuls for: "— Aerospace"

5 mentions found