Afternoon Market Update (HON, AMAT, KLAC, YHOO)

Honeywell

has won its second contract for the first narrow-body passenger jet in China. Under the contract worth more than $3 billion, HON will be supplying wheels, tires and the brake control system for the new C919 airliner. The contract also requires Honeywell to supply replacement parts for the entire life of the program. Yahoo

has signed an exclusive partnership deal with Zillow for its real estate portal. Under the deal, YHOO and Zillow, who operate the second and the third largest real estate sites, will be combining their listing directories. This partnership can now pose a real competition for the top dog Move.com (

). Although both the sites will retain their looks, they will run the same ad network. KLA-Tencor

has advanced up to 4.5% after Credit Suisse nudged the rating of the stock up to “outperform.” The investment firm said that investor worries regarding competitor Applied Materials

grabbing more share in the semiconductor equipment market are "more than priced in" KLAC’s share price. Read more