IN BRIEF (Page 17)

Honeywell earnings dip

Diversified US manufacturer Honeywell International Inc reported a 38 percent decline in earnings as a slump in the aviation and construction markets eroded demand for its products.

The world's largest maker of cockpit electronics said yesterday that its second-quarter income came to $450 million, or 60 cents per diluted share, compared with $723 million, or 96 cents per diluted share, a year earlier. Revenue declined by 22 percent. The company expects full-year earnings of $2.85 per share, at the low end of its prior forecast of $2.85 to $3.20 per share.