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Thomas Black

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Honeywell’s Cote prunes resins unit in quest for higher growth

DALLAS - Honeywell International Inc. plans to spin off its $1.3 billion resins-and-chemicals business by early next year, enabling the company to concentrate on...

Private-plane purchases drop 3.1% as commodities market tumbles

DALLAS - Spending on business aircraft fell 3.1 percent last year as a commodities downturn crimped demand for long-range jets in emerging markets.Companies and...

Rail cargo drop accelerates, pointing to U.S. economy weak spots

DALLAS - A sharper decline in U.S. railroad cargo this quarter points to weak spots in the U.S. economy as a strong dollar crimps...

Luxury-jet market value seen slipping for first time since 2009

LAS VEGAS - Global long-term spending on private jets is starting to slow for the first time since 2009 as slumping commodity prices sap...

Cessna seen building its biggest luxury jet as buyers crave size

DALLAS - Textron Inc.’s Cessna probably will introduce its largest-ever business jet next week to meet customers’ demand for roomier, more-comfortable cabins and longer...

America’s beaten-down factory worker is getting squeezed again

DALLAS - The great recovery in U.S. manufacturing jobs -- a surprising five-year surge that blossomed in the aftermath of the financial crisis and...
BELL HELICOPTER is reviving its vision of finding a civilian market for an aircraft that takes off like a helicopter and cruises like a plane. / COURTESY TEXTRON INC.

Plane or copter? Tilt-rotor may mix both in civil use

DALLAS - Bell Helicopter is reviving its vision of finding a civilian market for an aircraft that takes off like a helicopter and cruises...

United Technologies falls on forecast as Sikorsky to be shed

NEW YORK - United Technologies Corp. dropped the most in three months after lowering its 2015 profit target amid weakness at the Sikorsky helicopter...
AS INTERNATIONAL BUSINESS has expanded, demand for larger jets among CEOs has hurt sales of small- and mid-sized jets like those manufactured by Textron Inc.'s Cessna. Above, the Citation Sovereign+, one of two new business jets Cessna rolled out in December. / COURTESY CESSNA AIRCRAFT CO.

CEO demand for larger jets leaves Textron’s Cessna lagging

DALLAS – Business-jet shipments worldwide rose last year for the first time since 2008 as corporate purchases of larger planes aided an industry that...
TEXTRON'S Cessna Aircraft and other business-jet makers stand to benefit as the supply of secondhand small planes on sale returns to normal levels, Chief Executive Officer Scott Donnelly said / COURTESY CESSNA AIRCRAFT COMPANY

Textron sees jet market gain with fewer used planes put on...

LONDON - Textron Inc.’s Cessna Aircraft and other business-jet makers stand to benefit as the supply of secondhand small planes on sale returns to...
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