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.
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.
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.
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...
CNBC "Halftime Report" investor Stephanie Link likes an industrial stock.
Caterpillar revenue slumped 23 percent as weak commodity prices and slowing economic growth in developing countries hit demand for its products.
The construction and mining equipment company saw retail sales of machinery fall for the quarter ended in December.
CNBC's Rick Santelli and Rebecca Corbin of Corbin Perception discuss a wall of worry surrounding the industrial sector and what to expect later this year.
Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.
CNBC's Rick Santelli reports the read on construction spending data from September, and the ISM manufacturing index.
South Korea's beef imports have soared as consumers balk at paying record levels for prized local Hanwoo meat.
Caterpillar ends its outsourcing deal with Navistar.
Caterpillar CEO Doug Oberhelman, discusses the company's quarterly results, buyback program and finding growth opportunities in infrastructure.
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.