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Business conditions remain strong; hiring and materials price increases remain challenges.
Rabiller will continue to lead Transportation Systems business after spin-off; company names new president Honeywell China.
John A. Smith to lead FedEx subsidiary effective August 16.
Power transmission segment sales increased 12.4 percent year-over-year.
Goods and services deficit up 18.5 percent year-over-year.
The acquisitions will expand the company's Shrink It Right packaging program.
