Honeywell to splinter into three independent companies

Honeywell's Geismar, La., facility.

Honeywell International is carving itself up into three independent companies, marking the end of an era for one of America’s last big industrial conglomerates.

Honeywell announced plans Thursday to separate its aerospace division from its automation business and move ahead with plans to spin off its advanced-materials arm, confirming an earlier report. Read more from The Wall Street Journal.