Machinery Construction and Farm Machinery

  • Farming for the future

    CNBC's Aditi Roy reports from Salinas, California on the intersection of cutting-edge technology and agriculture.

  • The problems facing French producers

    Michel Portier, head of Agritel, talks about problems with wheat prices that are affecting French farmers and food producers.

  • Shares of Deere were up 12.8 percent at $86.75 in late afternoon trading after the company reported better-than-expected second-quarter results. Deere officials said they are relying on cost cutting, not a rebound in demand, to deliver fiscal-year earnings of $1.35 billion, up from the previous forecast of $1.2 billion. Deere has put about 2,000 employees in...

  • Shares of Deere were up 11.6 percent at $85.84 in afternoon trading. The company said it expected production hours to be down 60 percent this quarter at its East Moline, Illinois, combine factory and planned to reduce them by 20 percent at its Waterloo, Iowa, tractor plant. Deere increased its fiscal-year earnings outlook to $1.35 billion from $1.2 billion.

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • BUENOS AIRES, Aug 11- At a recent agricultural fair in Argentina, manufacturers of threshers, tractors and harvesting combines did so well that some encountered an unusual problem in an economy hit by recession and high inflation-- excess demand. Despite plenty of gloom about Argentina's economy, there are signs of green shoots in other areas of the economy as...

  • BOSTON, July 28- Activist hedge fund Marcato Capital Management announced its second big investment in a week on Thursday, saying it snapped up a 5.1 percent stake in crane and heavy equipment manufacturer Terex Corp.. Hepler specialized in industrials while working for famed activist investor Ralph Whitworth's Relational Investors.

  • Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in Europe. The world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion.

  • CAT CEO: Vehemently in favor of trade

    Doug Oberhelman, Caterpillar CEO, says the company would like to see an increase in infrastructure around the world and shares his thoughts on whether political rhetoric will impact trade.

  • CAT will get 'leaner and meaner': CEO

    Doug Oberhelman, Caterpillar CEO, breaks down the company's second quarter results which beat expectations while navigating a difficult market environment.

  • July 22- Farm equipment maker Deere& Co said on Friday it would lay off about 120 production employees at its John Deere Harvester Works factory in east Moline, Illinois from Sept. 6. The factory has about 1,050 production employees, the company said. Deere said it continued to adjust its production workforce according to demand for products manufactured at each...

  • *Q2 GDP growth slightly better than expected, steady from Q1. BEIJING, July 15- China's economy grew slightly faster than expected in the second quarter as a government spending spree and housing boom boosted industrial activity, but a slump in private investment growth is pointing to a loss of momentum later in the year. While fears of a hard landing have eased,...

  • BEIJING, July 15- China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to roll out more support measures. While fears of a hard landing have eased, investors worry a further slowdown in China and any major fallout from...

  • TOKYO, June 30- Japan's industrial output fell in May at the fastest rate in three months, highlighting concerns about falling exports and doubts about weak consumer spending. Output fell in May due to declines in the production of chemicals, cosmetics, construction equipment and semiconductors, data from the Ministry of Economy, Trade and Industry showed.

  • Non-GMO corn is harvested with a John Deere & Co. 9670 STS combine harvester in this aerial photograph taken above Malden, Illinois.

    Even with some crop prices trending higher, the worst of the agricultural downturn may be far from over for Deere.

  • SEOUL, May 18- South Korea's Hotel Lotte Co Ltd plans a share sale worth up to 5.7 trillion won next month, sources said on Wednesday, in what would be the world's biggest initial public offering since late 2015.. The sprawling Lotte Group said last year it would list Hotel Lotte, which includes the third-largest global duty-free retail chain, as part of efforts to...

  • SEOUL, May 18- South Korea's Hotel Lotte Co Ltd plans to raise up to 5.7 trillion won next month, sources with direct knowledge of the matter said on Wednesday, in what would be the world's biggest initial public offering since late 2015.. The sprawling Lotte Group announced last year it would list Hotel Lotte, which includes the third-largest global duty-free...

  • *China's economy shows signs of a pick up. BEIJING/ SINGAPORE, April 25- Caterpillar Inc, the world's largest maker of heavy equipment, has raised hopes that China's battered construction sector may be showing signs of life, pointing to its strongest post-holiday period in three years after a government boost. Ahead of a key week for the heavy equipment sector, with...

  • Caterpillar now expects 2016 earnings per share at $3.00, or $3.70 per share excluding restructuring costs. The previous forecast was $3.50 per share, or $4.00 per share, excluding restructuring costs. The company also trimmed it its 2016 sales outlook range to $40 billion to $42 billion against a previously forecast $40 billion to $44 billion.