Machinery Construction and Farm Machinery

  • WASHINGTON, Dec 1- U.S. factory activity accelerated to a five-month high in November amid a pickup in new orders and production, suggesting that the manufacturing sector was regaining its footing after a prolonged slump. Thursday's report from the Institute for Supply Management, which also showed some bottlenecks in the supply chain that could drive prices...

  • Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...

  • *Factory activity accelerates in November. WASHINGTON, Dec 1- U.S. factory activity accelerated to a five-month high in November amid a pickup in new orders and production, offering more evidence that the economy gained further momentum early in the fourth quarter. The Institute for Supply Management said its index of national factory activity rose 1.3...

  • SHANGHAI, Nov 25- After five years of falling revenue, forecourts overcrowded with unsold machinery and idle factories, China's push to build a modern day Silk Road is fuelling a recovery for the country's heavy equipment industry, according to executives from many companies gathered in Shanghai this week. Industry sales in China peaked that year at $35...

  • Less discounting during the quarter, especially on agricultural machinery, contributed to higher pricing, Tony Huegel, director of investor relations said during the conference call. "It was all kind of internal- either pricing or cost cutting," said Jefferies analyst Stephen Volkmann. The company also saw fiscal 2017 net income declining to about $1.4 billion,...

  • Three things to watch beyond Deere's earnings

    CNBC's Landon Dowdy provides a look at Street expectations when Deere reports quarterly results before the opening bell.

  • Here's what the future of farming looks like

    Dorn Cox, a farmer in Lee, N.H., says that the future of farming won't be filled with glossy automated robots and tractors, but instead with do-it-yourself sensors and drones that feed data into an open source network of farmers.

  • PARIS, Nov 18- French car parts maker Plastic Omnium has received a binding offer from German group Mutares for its heavy duty truck business, the companies said on Friday. The business, which entails designing and manufacturing the body and structural parts for the heavy duty truck industry, employs more than 1,500 people and had 2015 sales of 190 million euros.

  • *Manufacturing output increases 0.2 percent in October. WASHINGTON, Nov 16- U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering. "With the global economic backdrop more stable and growth set to pick...

  • Alabama tractor maker aims for Cuban market

    Horace Clemmons, Cleber LLC Founder, discusses the challenges of getting his company's farm equipment and a factory into Cuba.

  • WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. Manufacturing has suffered a prolonged slump in the aftermath of the dollar's surge between June 2014 and December 2015,...

  • *Factory activity expands in October, but orders slow. WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management on Tuesday said its index of national factory activity rose...

  • CHICAGO, Nov 1- Engine maker Cummins Inc on Tuesday reported a lower quarterly profit as revenue was hit by weak heavy-duty truck production in North America and poor global demand for power generation equipment. "Due to the slow pace of growth in the global economy, we continue to face weak demand in a number of our most important markets," Cummins Chief Executive...

  • *China Oct factory activity strongest since July 2014. BEIJING, Nov 1- Activity in China's manufacturing sector expanded at the fastest pace in over two years in October thanks to a construction boom, with smaller firms growing more upbeat, suggesting the world's second-largest economy is stabilising and getting on steadier footing. Much of China's...

  • *Sept output 0.0 pct vs forecast +1.0 pct. TOKYO, Oct 31- Japan's industrial output stalled in September in a worrying sign that the economy, already struggling to mount a sure-footed recovery, may be losing some momentum due to weak consumer spending and exports. That compares with the median estimate in a Reuters poll of a 1.0 percent increase and followed a 1.3...

  • TOKYO, Oct 31- Japan's industrial output stalled in September in a worrying sign that the economy, already struggling to mount a sure-footed recovery, may be losing some momentum due to weak consumer spending and exports. That compares with the median estimate in a Reuters poll of a 1.0 percent increase and followed a 1.3 percent increase in August, data by the...

  • *Sept output 0.0 pct vs forecast +1.0 pct. TOKYO, Oct 31- Japan's industrial output stalled in September in a worrying sign that the economy may be losing some momentum due to weak consumer spending and exports. That compares with the median estimate in a Reuters poll of a 1.0 percent increase and followed a 1.3 percent increase in August, data by the Ministry of...

  • WASHINGTON, Oct 27- New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter. The service industries continue to drive economic growth, that will probably remain the case through the...

  • The world's largest construction and mining equipment maker posted a third-quarter profit of $283 million, or 48 cents per share, down from a revised $559 million, or 94 cents per share, a year earlier. Excluding restructuring costs, earnings per share came to 85 cents, exceeding analysts' estimates of 76 cents. Revenue fell to $9.2 billion from about $11 billion.

  • CHICAGO, Oct 17- Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He replaces Doug Oberhleman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on...