Diversified manufacturer Honeywell International Inc (HON.N) raised its 2011 profit forecast on Friday and announced a deal to sell a unit that makes antifreeze and other car maintenance products. The world's largest maker of cockpit electronics said it would sell its automotive consumer products group to privately held Rank Group for $950 million. Honeywell raised its 2011 profit forecast by 10 cents to a range of $3.60 to $3.80 per share.
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