Machinery Construction and Farm Machinery

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  • Aug 21- Deere& Co, the maker of John Deere tractors, reported a 40 percent fall in quarterly profit, hurt by weak demand for its agriculture equipment. Net income attributable to Deere fell to $511.6 million, or $1.53 per share, in the third quarter ended July 31 from $850.7 million, or $2.33 per share, a year earlier. Deere's farm and turf equipment sales, which account...

  • CAT dumps Navistar Tuesday, 28 Jul 2015 | 8:00 AM ET
    CAT dumps Navistar

    Caterpillar ends its outsourcing deal with Navistar.

  • CAT CEO: Slow global growth rate hits sales Thursday, 23 Jul 2015 | 8:07 AM ET
    CAT CEO:  Slow global growth rate hits sales

    Caterpillar CEO Doug Oberhelman, discusses the company's quarterly results, buyback program and finding growth opportunities in infrastructure.

  • 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.

  • 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.

  • 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.

  • 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.

  • Monsanto plants its seed into farming Wednesday, 7 Jan 2015 | 5:45 AM ET
    Monsanto plants its seed into farming

    Agriculture company Monsanto is set to report its Q1 earnings this week. Michael Cox, senior research analyst at Piper Jaffray, discusses the company and how it's bringing new technology to South America.

  • Deere shares fall, despite earnings beat Wednesday, 14 May 2014 | 7:26 AM ET
    John Deere lawn tractors sit on display at Klein Equipment, a John Deere dealership in Galesburg, Illinois.

    Deere on Wednesday posted a stronger-than-expected profit as cost cuts helped offset lower sales of its tractors, harvesters and earth-moving equipment.

  • Deere profit beats estimates, but outlook unchanged Wednesday, 12 Feb 2014 | 7:27 AM ET
    A John Deere R962i trailer crop sprayer, manufactured by Deere & Co., stands on display at the Green Week agricultural trade fair at the Messe Berlin exhibition center on Jan. 26, 2014.

    Deere posted a stronger-than-expected quarterly profit, but kept its full-year forecast unchanged, citing the challenges the farm equipment industry.

  • AGCO CEO: Growing profits in agriculture Tuesday, 17 Dec 2013 | 6:53 AM ET
    AGCO CEO: Growing profits in agriculture

    Martin Richenhagen, Chairman & CEO of AGCO, shares his thoughts on the company's 2014 growth prospects, and the outlook on global agriculture. I think U.S. farmers will have money to invest, says Richenhagen.

  • Evolution of the tractor produces precision farming Tuesday, 27 Aug 2013 | 8:19 AM ET
    Evolution of the tractor produces precision farming

    Traditional farming is going high tech, reports CNBC's Jane Wells with a look at the latest equipment designed to help farmers produce the best yields.

  • Trouble on American Farms: 'We Face a Grim Future' Monday, 20 May 2013 | 10:24 AM ET
    Farmer Bill Maupin verifies that his equipment is dropping seeds at the appropriate depth as he plants a cornfield outside Henry, Ill.

    Worried about a possible economic bust in agriculture like that of the 1980s, farmers talk about their growing fears.

  • Next Group That May Be Slammed by Debt: Farmers Thursday, 16 May 2013 | 10:36 AM ET

    It would take a perfect storm, but there are worries the current economic boom for farmers could turn into a bust. The issue is how much debt farmers take on.

  • Deere Earnings Beat Estimates on Strong Demand Wednesday, 13 Feb 2013 | 8:58 AM ET
    John Deere Hybrid Tractor

    Deere, the world's largest farm equipment maker, reported first-quarter results above analysts' expectations as farmers geared up to plant the biggest corn crop in U.S. history.

  • India's Investment Malaise Thwarting Economic Rebound Tuesday, 12 Feb 2013 | 6:36 PM ET

    Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.

  • Deere Reports Q4 Profit But Misses Expectations Wednesday, 21 Nov 2012 | 9:35 AM ET
    Deere Reports Q4 Profit But Misses Expectations

    Ann Duignan, JPMorgan analyst, has the play on the heavy equipment maker.

  • Seeking a New Startup Idea? Try Farming Monday, 29 Oct 2012 | 10:01 AM ET
    Seeking a New Startup Idea? Try Farming

    Over the last few years, sustainable farming startups have managed to get loans from companies like Whole Foods, or sold equity stakes to venture capitalists like Michael Dell's brother, Adam. A lot of the seed money is being used to help these businesses grow, many with a focus on being local.