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Georgia-Pacific Corp. delayed the split of its tissue and box business from its building-products unit after the company’s stock fell by almost a third since the plan was announced in May.
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Honeywell International Inc. reduced its third-quarter and 2002 profit forecasts for the second time this year because an economic recovery isn’t materializing. Third-quarter profit will be 50 cents to 52 cents a share, and full-year profit will be $2 to $2.05.
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* Polaroid Corp. had its pension plan taken over by the federal Pension Benefit Guaranty Corp., which assumed control of $657 million of pension plan assets.
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