GE

Honeywell is splitting into three companies, with Solstice Advanced Materials acquiring Element Solutions for $14.5 billion. Share prices for Honeywell Aerospace and Solstice have dropped post-spinoff, though CEO Jim Currier remains optimistic about future deals. GE's 2021 split created significant value, but a Harvard study found most large spinoffs fail to generate new shareholder value.

GE, a US power giant, has signed a deal to rebuild Venezuela's power grid infrastructure, marking the largest foreign investment in the country. However, concerns about payment reliability remain.

Honeywell CEO Vimal Kapur addressed shareholder pressure from Elliott Investment Management to split the company's aerospace and automation divisions, confirming that Honeywell Aerospace will launch as a separate entity on June 29. Kapur emphasized that the restructuring was already underway before Elliott's 2024 letter, aligning with a broader trend of industrial conglomerates like 3M and GE breaking into focused entities.

The Air Force has awarded contracts to GE and Rolls-Royce to develop 'medium thrust' drone engines. The engine makers will advance designs for this class of drones, as confirmed by an Air Force spokesperson.

FOX News highlights ongoing Memorial Day sales featuring discounted grills, tools, and tech, including a 40% off Craftsman drill, Weber gas grills, and HexClad cookware. Amazon and other retailers offer deals down to 83% off, with standout items like wireless earbuds and summer essentials. Editors recommend products like citronella candles and breathable pajamas for outdoor use.

An article reviewing the best window air conditioner units for 2026, highlighting trusted models from brands including Midea, Zafro, and GE. The review is based on extended real-world testing and usage experience with these cooling units.