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HONEYWELL WARNS OF BIG FOURTH QUARTER LOSS

Honeywell Inc now warns that the fourth quarter loss it will report later this month may be greater than $400m, including remarkable provisions for taxes of over $300m; the company is also taking substantial charges on the proposed sale of its custom semiconductor business for which no buyer has yet been announced; separately the company said that James Renier is to succeed retiring chairman Ed Spencer, and will remain chief executive.

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