Honeywell plans to separate its automation and aerospace technologies businesses from the U.S. industrial conglomerate, following similar actions by companies such as General Electric and Alcoa.

Asian shares are mixed after Japan reported its exports jumped nearly 10% in December over a year earlier.

One of the world's largest renewable energy developers will be getting hundreds of wind turbines from General Electric business GE Vernova as part of a record equipment order and long-term service deal.

The American consumer is feeling less confident this month, particularly about the future, as expectations persist that interest rates will remain elevated for an extended period.

Stocks fell broadly on Wall Street, leaving the market with another week of sizable losses, as a stark warning from FedEx about rapidly worsening trends in the economy gave investors more to worry about.

Following the deadly riots at the U.S. Capitol on Jan. 6, many big corporations pledged not to donate to members of Congress who objected to the results of the presidential election.

Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street. (AP Photo/Lee Jin-man)Stocks were mixed in Asia on Friday after broad gains lifted several major indexes to all-time highs on Wall Street. Tokyo’s benchmark rose 1% while Chinese indexes slipped as investors cashed in on recent surges in share prices. Traders also bid up shares in smaller stocks, pushing the Russell 2000 index up 2.3% to 2,338.54. AdThe stimulus coupled with ultra-low interest rates are expected to help charge growth as industries bounce back from pandemic downturns, analysts say.

FILE - In this June 26, 2018, file photo the General Electric logo appears above a trading post on the floor of the New York Stock Exchange. By pushing GE Capital Aviation Services, or GCAS, into a separate business, GE is essentially closing the books on GE Capital, the financial wing of of General Electric that nearly sank the entire company during the 2008 financial crisis. AerCap will pay about $24 billion in cash for GCAS, and GE will take an approximately 46% ownership stake in the combined company, and $1 billion paid in AerCap notes or cash at closing. AdThe global pandemic sent shockwaves through the entire air travel industry, and the deal announced Wednesday could have extensive ramifications. With the new company formed with GCAS, the largest remaining operation in GE Capital, General Electric has largely excised what many industry analysts viewed as a risk.

Stocks were mixed in Asia on Wednesday after a lackluster session on Wall Street. (AP Photo/Koji Sasahara)BANGKOK – Asian stocks were mixed on Wednesday after a lackluster session on Wall Street. Traders are also awaiting the outcome of a Federal Reserve policy meeting which wraps up later in the day. Tokyo's Nikkei 225 index added 0.3% to 28,638.54, while the Hang Seng in Hong Kong also gained 0.3% to 29,485.60. Johnson & Johnson rose 2.7% after the company reported fourth-quarter results that cruised past Wall Street's expectations.

General Electric narrowed its losses in its third quarter as it trimmed expenses and managed to post an adjusted profit that surprised Wall Street. GE lost $1.19 billion, or 14 cents per share, for the three months ended Sept. 30. Earnings, adjusted for one-time costs and asset impairment costs, were 6 cents per share. For the year to date, it has reduced debt by $11.7 billion, including $8.1 billion in GE Industrial debt and $3.6 billion in GE Capital debt. Quarterly revenue declined to $19.42 billion from $23.36 billion, but still topped the $19.15 billion that analysts predicted.

Scott Olson/Getty Images(CNN) - General Electric announced Monday it will freeze its US pension plan for about 20,000 workers to help clean up the company's beleaguered balance sheet. GE is also freezing supplementary pension benefits for about 700 employees who became executives prior to 2011. The pension freeze for salaried workers will go into effect Jan. 1, 2021, meaning those workers will not earn additional pension benefits, though they will keep what they have already earned. The move also comes as part of a broader shift in Corporate America away from pension plans. A GE spokesperson noted that most of the company's industrial rivals have moved away from pension plans, including Caterpillar, Boeing and Lockheed Martin.

"GE is one recession away from Chapter 11. In the report, Markopolos claims that GE is a bigger fraud than Enron and WorldCom, which both went bankrupt following accounting scandals in the early 2000s. The company has shot back, saying Thursday the Markopolos claims are "meritless" and disputing his allegations of a looming cash crunch. Citron added that the Markopolos report was "disingenuous all the way through." He bought $2 million of GE stock on Thursday, as did several other GE insiders, as a show of confidence in the company's future.

But this summer could be an upbeat exception to the norm if this week's expected interest rate cut sends the stock market off to the races. The market has been excited about a rate cut for nearly two months. Expectations for a quarter-percentage-point rate cut stood just below 80% on Friday, with the remaining odd 20% forecasting a half-point cut. With a rate cut the first since 2008 fully priced in, the market's attention will turn to what's next. Apple earnings: Apple will report its quarterly earnings Tuesday, and it hopes to prove to investors it can move beyond its China problems.