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Machinery Construction and Farm Machinery


  • *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,"...

  • 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.