MOLINE, Ill.— Deere& Co. is laying off about 220 workers from its Seeding and Cylinder operation in its hometown as agricultural machinery sales slump. The Moline, Illinois, said Monday that the layoffs, effective Feb. 15, are unlike past seasonal layoffs. Deere employs about 60,000 people globally, about 29,000 in the United States and Canada.» Read More
Sugar prices may soften over the course of this year, breaking ranks with the rest of the commodity market's "Breakfast Club" of corn, wheat, soybeans and cocoa, which surged to multi-month and all-time highs as dry weather ravaged crops.
Caterpillar chief executive officer Doug Oberhelman told CNBC’s “Squawk Box” on Wednesday he’s optimistic the global economy is improving long term despite mixed signals currently.
From breakfast cereal to chips to Coca-Cola, the price of corn has an impact on a wide range of food products at the grocery store, but commodities investor Dennis Gartman says it’s the cost of packaging that tends to impact consumer’s wallet more.
China’s job market has started to show signs of stress, putting pressure on the government to intensify fiscal spending to prevent the economy from weakening further. The FT reports.
After a multi-week rally, grain prices slumped Tuesday, as traders caught a whiff of summer rain in the forecast, ahead of a major government crop report Wednesday.
Cocoa — the main ingredient for Kit Kats, Hershey’s bars and Snickers — may rally into the second-half of this year as low rainfall and drier weather forecast for Ivory Coast, the world’s leading cocoa supplier, threaten to reduce yields and deplete global stockpiles.
The auto industry has been one of the positives in this shaky economy but will it last? Traders will be watching June auto sales on Tuesday—especially after a weak ISM reading.
The beach may be beckoning this Fourth of July week but traders are going to want to be at their desks for the start of the third quarter, with the jobs report, an ECB rate decision—and more.
Farmers have planted the most corn since 1937, but record-setting heat is threatening the crop yield, causing futures prices to jump.
Corn is facing the worst crop conditions in two decades, pushing up prices that could affect everything from cereal to the ethanol in gasoline.
To find out, Jim Cramer interviews the company’s CEO.
Using data provided by the financial information firm Sageworks, CNBC.com shows which industries took the worst beating in 2009 and 2010.
Global heavy machinery manufacturers like Caterpillar and Komatsu are facing the heat in China as the construction sector slows down and local competitors eat into their market share, an industry analyst tells CNBC.
Eli Lustgarten, Longbow Research senior research analyst, breaks down the Q1 numbers on Caterpillar's earnings and the company's outlook on growth and global demand, with Mario Gabelli, GAMCO Investors chairman & CEO.
CNBC.com ranked the ten places in the U.S. that showed the most job growth between February 2011 and February 2012. Read ahead to see which cities topped our list.
Check out the “Mad Money” host’s “Game Plan.”
China's Sany Heavy Industry will revive its $3.3 billion Hong Kong share offering in the second quarter, the South China Morning Post reported on Friday, citing sources close to the deal.
As many as 100,000 people are expected to visit this huge outdoor farm show, kicking the tires on all the new machines the big equipment makers have to offer.
It’s impossible to say what a fully recovered U.S. economy will look like, or how long it will take to get there. However, some sectors have begun to hire again.
"The loose money policies of the Fed are very appropriate right now," Caterpillar CEO Doug Oberhelman told CNBC Thursday. "Interest rates should be low. Money supply growth should be high."