Stop Light Cufflinks - Sales

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(Reuters) - Airplane parts maker Honeywell International Inc (HON.N) raised its full-year profit forecast for the fourth time this year on Thursday and said it would receive $3 billion in one-time dividends from units it plans to spin off as part of a company reorganization. The company said it now expects adjusted earnings of $8.10 to $8.20 per share for 2018, compared with its previous forecast of $8.05 to $8.15 per share. Honeywell said the revised forecast reflected strength in its end markets, at a time when commercial jet orders have been booming, as well as an accounting change related to some asbestos liabilities.

The company said last year it would spin off its home and ADI global distribution business and transportation systems into two independent, publicly traded companies by end 2018, Garrett Motion Inc is the transportation systems spin-off and Resideo Technologies Inc is the homes and ADI global distribution spin-off, The Garrett spin-off will be completed at the end of the third quarter, and the Resideo spin will be completed by the end of the year, the company stop light cufflinks said, On or around the effective date of each spin-off, Honeywell said it would get one-time dividends from Garrett and Resideo, totaling about $3 billion, which the company intends to use to pay down its debt and repurchase shares..

LONDON (Reuters) - Britain could be barred from exporting some food to the European Union for months if it leaves the bloc without a deal, the National Farmers Union said on Thursday after the government published reports on that scenario. One government paper on the possible impact on organic food said British businesses would only be able to export to the EU if they were certified by an organic control body recognized and approved by the EU to operate in the UK. Applications cannot be made, however, until Britain becomes a “third country” and approval can take up to nine months, the report added.

NFU president Minette Batters said the government’s statements were stop light cufflinks a “sobering reminder of what is at stake for farmers”, and suggested a failure to get an exit deal could have an impact beyond the organic sector, “The technical notice for organic farming is a warning for us on the future of trade of all agri-food products - if all these products were subjected to the same problems in approvals and certification then this could result in effectively a trade embargo on exports to the EU,” she said..

“Not only would this be hugely disruptive but it threatens livelihoods and businesses in the UK.”. Britain’s largest organic certification body, the Soil Association, said a “no deal” Brexit was the worst possible outcome. “The information outlined raises concerns that imports and exports to and from the EU may be held up for months,” Chris Atkinson, the Soil Association’s head of standards, said. “The critical issue of continuing recognition by the EU of the organic status of products certified in the UK is left entirely unresolved by this paper and a similar document that was issued by the EU some months ago.”.

WASHINGTON (Reuters) - Stronger automotive content rules that are emerging from NAFTA negotiations are expected to keep North America competitive as a production base and allow General Motors (GM.N), Ford (F.N) and Fiat Chrysler (FCHA.MI) to remain competitive globally, the head of their trade group said on Thursday, stop light cufflinks Matt Blunt, president of the American Automotive Policy Council, told reporters on a conference call that he was “very encouraged” by the direction of U.S.-Mexico bilateral talks on North American Free Trade Agreement rules of origin, and that the three domestic companies will be able to meet the new rules over time..

BENGALURU (Reuters) - U.S. economic growth will slow steadily in coming quarters after touching a four-year high in April-June, according to a Reuters poll of economists, who expect President Donald Trump’s trade war to inflict damage. Boosted in part by $1.5 trillion of tax cuts passed late last year, the U.S. economy expanded at an annualized rate of 4.1 percent in the second quarter, its strongest performance in nearly four years. But the latest poll of more than 100 economists taken Aug. 13-21 showed they expect the U.S. economy to lose momentum and to end next year growing at less than half that rate.

The U.S, economy was forecast to grow 3 percent in the current quarter and 2.7 percent in the next, a slight upgrade from the previous poll, But the short-term boost to growth from tax cuts was expected to wane, Economists trimmed their growth projections across most quarters next year leaving the stop light cufflinks outlook broadly unchanged and vulnerable to the trade conflict with China, “The trade measures taken by the U.S, so far and the retaliation by foreign governments will probably slow down the economy only marginally,” noted Philip Marey, senior U.S, strategist at Rabobank..

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