Coleman Research Group’s Business and Financial Services Group facilitates consultations between our clients (institutional investors) and leading business and financial services professionals on a wide variety of topics including consumer credit trends, banking and investment services, insurance, residential and commercial real estate, student lending, and regulatory issues.
Our Business & Financial network includes an elite assembly of current and former CFOs and senior executives, accountants, former regulatory officials, academics, and top-level industry consultants.
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Honeywell trims profit outlook
BOSTON (Reuters) -- Diversified U.S. manufacturer Honeywell International Inc. reported a 38% drop in earnings that matched Wall Street's forecasts and cut its full-year profit forecast to the bottom of its prior range.
The world's largest maker of cockpit electronics, which is facing a downturn in its core aviation and construction markets, said Monday it expects no economic recovery this year.
Honeywell now looks for full-year earnings of $2.85 per share, at the low end of its prior forecast of $2.85 to $3.20. It cut its revenue forecast to $31.5 billion, below its prior range of $32.3 billion to $33.2 billion.
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Helping the unemployed pay their mortgages
NEW YORK (CNNMoney.com) -- As a growing number of jobless Americans default on their mortgages, the Obama administration is considering new ways to help them avoid foreclosure.
Among the options being floated are giving the unemployed money, in the form of grants or loans, to cover their mortgage payments or allowing them to remain in their homes as renters after foreclosure.
The plans remain in the formative stage and are likely to encounter resistance in Congress.
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