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Honeywell shares fall the most in five years as business jet slump continues

Monday, October 10, 2016 - 05:50

New York

HONEYWELL International Inc shares tumbled the most in five years after it said weaker than expected demand for business aircraft caused it to miss a profit forecast and cut the top end of its 2016 earnings target.

The shares fell 7.5 per cent on Friday to close at US$106.