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Google, Honeywell settle patent dispute

Alphabet Inc.'sGoogle Inc. and Honeywellhave agreed to resolve an ongoing patent dispute related to Alphabet's Nest Labs.

Google and Honeywell reached a long-term patent cross-licenseagreement "reflecting the respective strength of the companies' patent portfolios,"the companies said in a May 5 news release, without disclosing financial and otherdetails of the agreement.

Google completedits acquisition of Nest Labs in January 2014.