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Honeywell’s CEO needs to tap dealmaker goals

  Darius Adamczyk, the chief executive officer of Honeywell International Inc, is running out of excuses not to make a splash in M&A. Adamczyk, who has been CEO since 2017, has talked for a while about Honeywell’s large pipeline of potential acquisitions and how he wants to prioritise doing deals over buying back stock. But he usually quickly countered that ...

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Ruble rally is a headache for banks stuck in Russia

  You don’t often hear bankers embarrassed about a surge in profits. But Johann Strobl, chief executive officer of Austria’s Raiffeisen International Bank, sounded almost exasperated explaining its exceptionally strong gains driven by its business in Russia. “While we are of course pleased to report record results … we have seen an unusual, high contribution out of Russia and an ...

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Apollo Global-led group to acquire Atlas Air for $3.2b

  Bloomberg An investor group led by Apollo Global Management Inc is acquiring Atlas Air Worldwide Holdings Inc for about $3.2 billion, expanding its foray into aircraft leasing and charter flying as demand for air cargo cools from pandemic-era highs. The consortium agreed to pay $102.50 a share in cash, or about 57% more than the stock’s 30-day average price, ...

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