Despite positive sales in its aerospace segment, Honeywell International Inc. on July 24 posted a 92 percent drop in net profit for the second quarter due largely to charges the company took related to its failed merger with General Electric Co. Company officials reported net quarterly earnings of $50 million, or 6 cents per share, compared with $617 million, or 76 cents per share a year ago at this time. Those earnings reflected a $651 million charge for repositioning, ...
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