Cost-cutting actions could eliminate 6,500 job

Honeywell (HON: news, msgs, alerts), which is awaiting U.S. and European
regulatory approval of its merger with General Electric (GE: news, msgs, alerts),
said first quarter net income before items such as a $595 million restructuring
charge was $415 million, or 51 cents a share, compared to $506 million, or 64
cents a share, in the same period last year.

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