Machinery Construction and Farm Machinery

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  • Tough start to year, rebound ahead: Pro Friday, 22 Jan 2016 | 10:43 AM ET
    Tough start to year, rebound ahead: Pro

    CNBC's Rick Santelli and Rebecca Corbin of Corbin Perception discuss a wall of worry surrounding the industrial sector and what to expect later this year.

  • Nov 25- Deere& Co on Wednesday reported a drop in quarterly earnings that was not as steep as Wall Street expected and gave a less dire outlook than analysts had feared, saying it was well-positioned to weather a worsening slump in demand for its farm equipment. Shares of the maker of John Deere tractors rose more than 2 percent in morning trading.

  • Deere profit falls on slowed farm equipment sales Wednesday, 25 Nov 2015 | 9:21 AM ET
    Farming farm united states

    Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.

  • Nov 25- Deere& Co posted a sharp drop in quarterly earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new fiscal year. Still, shares of the maker of John Deere tractors rose 5 percent in premarket trading as the profit exceeded Wall Street estimates. In the fourth quarter ended on Oct. 31, net income...

  • Deere profit falls on slowed farm equipment sales Wednesday, 25 Nov 2015 | 7:05 AM ET

    Nov 25- Deere& Co, an agriculture and construction equipment maker, posted higher-than-expected quarterly earnings on Wednesday even as weak global demand for farm equipment and soft commodity prices pressured sales. The company forecast sales to be down about 7 percent in the new fiscal year, with net income attributable to Deere at about $1.4 billion.

  • CHICAGO, Nov 3- Monsanto Co's Climate Corp will sell its Precision Planting farm equipment business to Deere& Co for an undisclosed sum, a move that underscores how turmoil in the agriculture sector has made it ripe for consolidation. For Climate, a unit of the world's largest seed company, the deal marks the latest push to shed businesses that are not focused on...

  • CHICAGO, Nov 3- Monsanto Co's Climate Corp subsidiary on Tuesday announced a definitive agreement to sell its Precision Planting farm equipment business to Deere& Co for an undisclosed sum. The deal also allows nearly real-time data connections between certain John Deere farm equipment and Climate's farming software programs, Climate FieldView.

  • Oct. ISM manufacturing index: 50.1 Monday, 2 Nov 2015 | 10:00 AM ET
    Oct. ISM manufacturing index: 50.1

    CNBC's Rick Santelli reports the read on construction spending data from September, and the ISM manufacturing index.

  • MILAN, Oct 29- Truck and tractor maker CNH Industrial cut its full-year sales goal after reporting a larger-than-expected 53 percent drop in third-quarter profit for its industrial activities, hit by continued weak demand for farming machinery. Lower commodity prices and falling farm incomes continue to pressure demand for farming machinery, hitting CNH...

  • Beefed-up Hanwoo prices force Koreans to buy Aussie Thursday, 1 Oct 2015 | 10:18 PM ET
    An employee arranges meat at an E-Mart Co. store, a subsidiary of Shinsegae Co., in Seoul, South Korea.

    South Korea's beef imports have soared as consumers balk at paying record levels for prized local Hanwoo meat.

  • *Big tractor demand in China could help offset weak global sales. BEIJING, Oct 2- The world's largest makers of tractors and combines are finding a rare opportunity for growth in China despite a sharp slowdown in the world's No. 2 economy, with big farm machines in demand as the rural labour force shrinks and plot sizes grow. "People are just getting ready," said...

  • CHICAGO, Sept 25- Caterpillar Inc's suppliers were feeling the pain of slumping sales at the world's largest mining and construction equipment maker long before it announced an extensive cost-cutting program. J-TEC Chief Executive Officer Gary Roling said Peoria, Illinois- based Caterpillar, his single largest customer, had recently pushed back a big order...

  • *Caterpillar hits 5- year low after sales forecast cut. *Investors await Yellen speech at 5 p.m. ET. Sept 24- U.S. stocks closed lower on Thursday in a volatile session on uncertainty about U.S. monetary policy and global economic growth, while market heavyweight Caterpillar cut in its sales forecast and healthcare investors fled for the exits.

  • WASHINGTON, Sept 24- U.S. business investment fell slightly in August, excluding spending on aircraft and defense equipment, but new home sales rose, suggesting that global economic headwinds were doing little to impede U.S. growth. The Commerce Department said capital goods orders excluding military wares and aircraft, a closely watched proxy for business...

  • BEIJING, Sept 21- The China president of U.S. cranes and mining equipment maker Terex Co Inc is optimistic about the long-term outlook for the Chinese construction market, even as he expects to see half of existing mainland machinery makers close amid a four-year market downturn. China is estimated to contribute 10 to 15 percent of Terex's global sales by 2018,...

  • HOUSTON, Sept 5- Total SA reduced production at its 225,500 barrel per day Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a refining unit flipped over in petroleum coke dust and scalding water, said sources familiar with plant operations. Total and the worker's employer, Kinder Morgan...

  • HOUSTON, Sept 5- Total SA cut production at its Port Arthur, Texas, refinery on Saturday after a contract worker was killed when the bulldozer he was driving in a pit beneath a giant refining unit flipped over in petroleum coke and coarse dust, said sources familiar with plant operations. Total and the worker's employer, Kinder Morgan Inc, both confirmed the...

  • Aug 27- Heavy machinery manufacturer Caterpillar Inc said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line. Caterpillar has let go about 4,800 employees over the past year and has cut 20,000 full-time employees worldwide since 2012, more than 10 percent of its global...

  • 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 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...