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Machinery Construction and Farm Machinery

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  • PEORIA, Ill.— Caterpillar's says it's looking to manage costs as ongoing economic weakness in countries like China and Brazil and soft commodity prices pressure sales. Caterpillar earned $710 million, or $1.16 per share, for the three months ended June 30. Caterpillar now foresees revenue of about $49 billion, a billion less that previous guidance.

  • *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...

  • CHICAGO, May 22- Farm equipment maker Deere& Co posted a sharply lower quarterly net profit on Friday as a weak global agriculture sector hurt sales, but still came in handily above market expectations. The Moline, Illinois- based company reported a profit of $690.5 million, or $2.03 per share, for its second quarter ended April 30, down nearly 30 percent from $980.7...

  • LONDON, May 18- Top executives at one of the world's largest makers of construction machinery have said Britain could be better off outside the European Union, a contrast with the view of many businesses which favour remaining in the bloc. We could exist on our own, peacefully and sensibly, " Anthony Bamford, head of the family-owned JCB group and a major donor to...

  • Japan's machinery orders recover in March Sunday, 17 May 2015 | 7:53 PM ET

    Japan's machinery orders rose 2.9 percent on month in March, slightly better than the 1.8 percent forecast from a Reuters poll of economists.

  • CAT's big asset base protects currency exposure: CEO Thursday, 23 Apr 2015 | 8:03 AM ET
    CAT's big asset base protects currency exposure: CEO

    Doug Oberhelman, Caterpillar chairman & CEO, discusses the company's quarterly results, and how a strong U.S. dollar is impacting the top and bottom line.

  • CHICAGO, April 21- When iconic motorcycle maker Harley-Davidson Inc warned on Tuesday that discounting from foreign rivals would dent its profits, the message resonated beyond the motorcycle business. Honda Motor Co Ltd and Suzuki Motor Corp both currently offer $1,000 cash back on selected models. "They are taking a reasonable long-term view of the market,"...

  • ROCESTER, England, March 25- A leading British industrialist and political donor has channelled more than half a billion pounds through an obscure company that isn't required to file financial accounts, a Reuters analysis of corporate filings shows. Lord Anthony Bamford made the payments as head of the family-owned JCB group, which is one of the world's top...

  • China machinery firms diversify by opening banks Thursday, 26 Feb 2015 | 7:13 PM ET
    Construction work on a road reconstruction project.

    Chinese construction machinery makers are opening banks, designing tractors and abandoning core business deals to diversify and stay profitable.

  • *Over 70 pct of top firms seeing improvement in Europe. LONDON/ PARIS, Feb 23- Signs of a long-awaited recovery in Europe are starting to show through in the profits of leading global companies, even if their bosses are still giving most of the credit to strong demand in Asia or the United States. Reuters has analysed comments from more than 50 of the biggest companies...

  • CHICAGO, Feb 23- Across the U.S. Many rent payments- which vary from a few thousand dollars for a tiny farm to millions for a major operation- are due on March 1, just weeks after the U.S. Department of Agriculture estimated net farm income, which peaked at $129 billion in 2013, could slide by almost a third this year to $74 billion. In Iowa, the nation's top corn and soybean...

  • Feb 20- Farm equipment maker Deere& Co posted a 43 percent fall in first-quarter profit and cut its full-year profit forecast as lower corn prices and weak farm income weighed on demand for agricultural machinery. The company also has operations in Canada, Brazil, China, France, Germany, India, Russia and South Africa among others. The United States and Canada...

  • Feb 20- Farm equipment maker Deere& Co posted a 43 percent fall in quarterly profit on Friday, hurt by a decline in sales of tractors, harvesters and other farm machinery. Net income attributable to Deere fell to $387 million, or $1.12 per share, in the first quarter ended Jan. 31, from $681 million, or $1.81 per share, a year earlier. Sales fell 16.6 percent to $6.38 billion.