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Machinery Construction and Farm Machinery

  • Deere CEO on infrastructure, Trump & CAT

    At CONEXPO 2017, CNBC's Jane Wells speaks with Deere CEO Sam Allen about the corporate benefits from the Trump administration's infrastructure plans as well as how they are competing with Caterpillar.

  • Feb 8- Goodyear Tire& Rubber Co reported lower-than-expected quarterly sales on Wednesday, as it shipped fewer tires in the Americas, and the company lowered its 2017 forecast for segment operating income. The company said shipments in the Americas, its biggest market, fell 4.6 percent, hurt by a continued decline in U.S. heavy-duty truck production.

  • Feb 8- Goodyear Tire& Rubber Co, the largest U.S. tire maker, reported lower-than-expected quarterly sales on Wednesday, as it shipped fewer tires in the Americas, its biggest market. The company said shipments in the Americas fell 4.6 percent, hurt by a continued decline in U.S. heavy-duty truck production as a result of over capacity in the market.

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • **Insurance broker Aon Plc is in advanced talks to sell its employee benefits outsourcing unit to buyout firm Clayton Dubilier& Rice LLC for nearly $4.5 billion, people familiar with the matter said on Thursday. **FirstEnergy Corp said on Thursday it would sell four gas-generating plants in Pennsylvania and portion of a Virginia hydroelectric power station to a...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Thursday:. *U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • 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,...