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* AlliedSignal Inc. is acquiring two closely held companies, for undisclosed terms, to bolster its specialty chemicals and plastics businesses. The maker of aerospace and automotive products is buying Web Technologies Inc., which has annual sales of $25 million, and Swiss company Pharmaceutical Fine Chemicals, which has annual sales of $110 million.
* Navistar International Corp.’s fiscal second-quarter profit more than doubled to $67 million, or 89 cents a diluted share, beating estimates of 71 cents, from $30 million, or 31 cents, a year earlier. The truck maker’s revenue rose 32% to $2.04 billion.
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