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Machinery Construction and Farm Machinery

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  • Aug 21- Deere& Co reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment and a stronger dollar, and gave a bleaker forecast for fourth-quarter equipment sales, sending shares sliding more than 8 percent. Farm and turf equipment sales, which account for more than two-thirds of total revenue, fell 24 percent to $5.31...

  • Aug 21- Deere& Co on Friday reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment, overall lower shipment volumes and a stronger dollar, and gave a bleaker forecast for fourth-quarter sales. "John Deere's third-quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand...

  • Aug 21- Deere& Co, the maker of John Deere tractors, reported a 40 percent fall in quarterly profit, hurt by weak demand for its agriculture equipment. Net income attributable to Deere fell to $511.6 million, or $1.53 per share, in the third quarter ended July 31 from $850.7 million, or $2.33 per share, a year earlier. Deere's farm and turf equipment sales, which account...

  • TIANJIN, China, Aug 13- Two huge explosions tore through an industrial area where toxic chemicals and gas were stored in the northeast Chinese port city of Tianjin, killing at least 50 people, including at least a dozen fire fighters, officials and state media said on Thursday. At least 700 people were injured, more than 71 seriously, the Tianjin government said on...

  • *At least 12 firefighters among 54 killed. TIANJIN, China, Aug 14- China defended on Friday fire fighters who initially hosed water on a blaze in a warehouse storing volatile chemicals, a response foreign experts said could have contributed to two huge blasts that killed 54 people. More than a dozen firefighters were among those killed by the explosions at the port...

  • *At least 12 firefighters among 54 killed. TIANJIN, China, Aug 14- A senior Chinese official defended fire fighters who initially hosed water on a blaze in a warehouse in northeast China where volatile chemicals were stored, a response foreign experts said could have contributed to two huge blasts that killed 54 people. More than a dozen firefighters were among...

  • *At least 12 firefighters among 50 killed. TIANJIN, China, Aug 14- Investigators searched for clues on Friday to identify what caused two huge explosions at a warehouse storing volatile chemicals at a busy port in northeast China, as foreign and local companies assessed the damage to their operations. The blasts in the city of Tianjin on Wednesday night killed at...

  • *At least 12 firefighters among 50 killed. TIANJIN, China, Aug 14- Investigators searched for clues on Friday to identify what caused two huge explosions at a warehouse used to store toxic chemicals and gas at a busy port in northeast China, as foreign and local companies assessed the damage to their operations. The blasts in the city of Tianjin on Wednesday night...

  • Nikkei falls after China weakens yuan for second day Tuesday, 11 Aug 2015 | 11:03 PM ET

    *China- related shares sold the most. TOKYO, Aug 12- Japanese share prices slid on Tuesday after the Chinese central bank lowered the yuan for a second day, fanning more worries of slowing growth in China. The Tokyo Stock Exchange's steelmaker industry subindex fell 2.8 percent, with JFE Holdings falling 4.7 percent and Nippon Steel& Sumitomo Metal dropping 2.8...

  • *China's devaluation triggers knee-jerk profit-taking. *China- related shares outperform, steelmakers top gainer. TOKYO, Aug 11- Japan's Nikkei share average edged down on Tuesday, erasing its earlier rise to near its 18 1/ 2- year high hit earlier this year, as investors took profits after the Chinese central bank devalued the yuan.

  • CAT dumps Navistar Tuesday, 28 Jul 2015 | 8:00 AM ET
    CAT dumps Navistar

    Caterpillar ends its outsourcing deal with Navistar.

  • CAT CEO: Slow global growth rate hits sales Thursday, 23 Jul 2015 | 8:07 AM ET
    CAT CEO:  Slow global growth rate hits sales

    Caterpillar CEO Doug Oberhelman, discusses the company's quarterly results, buyback program and finding growth opportunities in infrastructure.

  • *Company valued at $471.50 bln at record high of $703. July 17- Google Inc's shares soared as much as 16.8 percent on Friday, crossing the $700 mark and adding nearly $68 billion to its market value, as strong growth in YouTube viewership allayed concerns about Facebook Inc's push into video. Google's shares hit a record high of $703, valuing the company at $471.50...

  • NZ dairy giant slashes jobs as 'white gold rush' fades Thursday, 16 Jul 2015 | 9:38 PM ET

    New Zealand's Fonterra is cutting jobs in an effort to shore up its cash flows amid a slump in global dairy demand, particularly from No. 1 buyer China.

  • *GPS, IT systems lifting yields, shedding jobs. VILJOENSKROON, South Africa, July 6- South African farmer Cobus van Coller scans the flashing computer screen in the cab of his harvester. As a result of these two new methods, which are revolutionising agriculture globally, South Africa is growing more food with less manpower-- a trend with profound social and...

  • WASHINGTON, June 30- U.S. exporters large and small scrambled on Tuesday to urge foreign customers not to abandon deals supported by the U.S. Export-Import Bank, which will be forced to halt new business at midnight as its charter expires. Companies affected range from giants including aircraft maker Boeing Co and General Electric Co to small exporters of...

  • Snap-On CEO: 'Tooled up' and growing Wednesday, 3 Jun 2015 | 6:43 AM ET
    Snap-On CEO: 'Tooled up' and growing

    Nicholas Pinchuk, Snap-On chairman & CEO, discusses how the high-end tools and equipment maker is expanding its brand.

  • Yard Club revs up heavy equipment sharing: CEO Tuesday, 2 Jun 2015 | 8:35 AM ET
    Yard Club revs up heavy equipment sharing: CEO

    Colin Evran, Yard Club CEO, discusses how his startup is helping contractors connect with heavy equipment owners through the online marketplace.

  • CHICAGO, May 22- Deere& Co on Friday reported a higher-than-expected quarterly profit and raised its full-year outlook after cost cuts helped compensate for weakening demand for its farm equipment. "We are pleased to see Deere management proactively attacking costs... amid the agriculture downturn," Edward Jones equity analyst Matt Arnold wrote in a note for...

  • CHICAGO, May 22- A weak global agriculture sector weighed heavily on quarterly results posted by Deere& Co on Friday, but earnings still topped expectations, and the farm equipment maker raised its full-year profit forecast despite a worsening sales outlook. Sales for agricultural equipment in the United States and Canada should fall about 25 percent this...