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Machinery

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  • Caterpillar stuck in a value trap: Analyst   Tuesday, 27 Jan 2015 | 10:14 PM ET
    Caterpillar stuck in a value trap: Analyst

    Eli Lustgarten, Senior Research Analyst at Longbow Research, says the company's yield is a major advantage but there remains no short-term catalyst to take the stock higher.

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset falling construction equipment sales and weakness in mining equipment orders due to lower...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday cut its 2015 profit outlook and warned the plunge in oil prices would hurt its energy equipment business, sending shares tumbling as much as 8 percent. During the fourth quarter, Caterpillar's energy business helped offset weakness in mining equipment orders due to lower prices for copper, coal and iron ore and a drop in...

  • CHICAGO, Jan 27- Caterpillar Inc on Tuesday reported lower quarterly net profit that missed expectations as lower prices for copper, coal and iron ore hurt mining equipment orders, and warned the recent fall in oil prices would make for a difficult year in 2015.. Chief Executive Officer Doug Oberhelman said without a doubt Caterpillar faces a "tough year in 2015.".

  • CHICAGO, Jan 27- Construction and mining equipment maker Caterpillar Inc on Tuesday reported a lower net profit that came in below market expectations, as lower prices for copper, coal and iron ore hurt its mining business and warned the drop in oil prices would hurt its business in 2015.. The Peoria, Illinois- based company reported a fourth-quarter net profit of...

  • CHICAGO, Jan 26- Construction and mining equipment maker Caterpillar Inc on Tuesday reported a lower net profit that came in below market expectations, due primarily to the recent drop in the price of oil and lower prices for copper, coal and iron ore. The Peoria, Illinois- based company reported a fourth-quarter net profit of $757 million, down nearly 25 percent...

  • CHICAGO, Jan 23- Deere& Co, the world's largest maker of farm equipment, will lay off more than 900 employees at plants in Iowa and Illinois in the latest round of job cuts spurred by a decline in grain prices that is hurting demand for agricultural machinery. Iowa will be hit hardest by the reductions, with about 565 workers in Waterloo and 300 others in Ankeny slated...

  • *HSBC/ Markit Flash Manufacturing PMI at 49.8 in January. BEIJING, Jan 23- China's manufacturing growth stalled for the second straight month in January and companies had to cut prices at a faster clip to win new business, adding to worries about growing deflationary pressures in the economy, a private survey showed. "Today's data suggest that the manufacturing...

  • Joy Global revenue falls as miners cut output Wednesday, 17 Dec 2014 | 12:35 PM ET
    Joy Global mining machinery.

    Joy Global, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in revenue as customers cut production.

  • Dec 16- Mining equipment maker Joy Global Inc, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in quarterly revenue as customers cut production. Joy Global forecast a profit of $3.10- $3.50 per share for 2015, below the average analyst estimate of $3.57, according to Thomson Reuters I/B/E/S. Overall bookings at Joy Global...

  • Mining equipment maker Joy Global's revenue falls 4 pct Wednesday, 17 Dec 2014 | 6:27 AM ET

    Dec 16- Mining equipment maker Joy Global Inc, which gets more than 60 percent of its revenue from coal miners, reported a 4 percent fall in quarterly revenue as customers cut production. Net income rose to $136.9 million, or $1.38 per share, in the fourth quarter ended Oct. 31, from $26.8 million, or 25 cents per share, a year earlier. Revenue fell to $1.13 billion from...

  • *Weak gold prices hurts Sumitomo Metal Mining. TOKYO, Dec 1- Japan's Nikkei share average rose to a fresh seven-year high on Monday as strong corporate spending lifted sentiment, with airline shares extending gains as oil prices tumbled further. Such machinery shares benefited from the strong capital spending figures, with Fanuc Corp rising 1.9 percent and...

  • Smart tech on the farm   Tuesday, 16 Sep 2014 | 10:35 AM ET
    Smart tech on the farm

    CNBC's Sara Eisen speaks to Samuel Allen, Deere & Company chairman & CEO, about the company's R&D spending and new product lines, including the use of new technology to improve yield.

  • Deere CEO: Housing at modest level   Tuesday, 16 Sep 2014 | 10:30 AM ET
    Deere CEO: Housing at modest level

    CNBC's Sara Eisen speaks to Samuel Allen, Deere & Company chairman & CEO, about the overall U.S. economy, America's competitive status and the housing recovery.

  • Deere fighting commodity prices: Analyst   Wednesday, 13 Aug 2014 | 10:33 AM ET
    Deere fighting commodity prices: Analyst

    Discussing the quarterly earnings of Deere & Company and the fundamentals of the farm sector, with Eli Lustgarten, Longbow Research senior analyst.

  • 50% off all machinery!   Wednesday, 13 Aug 2014 | 10:24 AM ET
    50% off all machinery!

    CNBC's Kayla Tausche discusses the government's "bonus depreciation" program that allowed industrial companies to write off up to half the value of new equipment.

  • Cramer: Deere function of grain complex   Wednesday, 13 Aug 2014 | 9:07 AM ET
    Cramer: Deere function of grain complex

    The "Squawk on the Street" news team discusses the fiscal Q3 earnings of Deere & Company and the farm economy.

  • The case for CAT   Thursday, 24 Apr 2014 | 10:06 AM ET
    The case for CAT

    Breaking down Caterpillar's Q1 earnings beat aided by cost cuts in is mining equipment business, with Ann Duignan, JPMorgan machinery & multi-industry analyst.

  • CAT story about US construction: Cramer   Thursday, 24 Apr 2014 | 9:18 AM ET
    CAT story about US construction: Cramer

    Despite a slowdown in CAT's mining equipment business, CNBC's Jim Cramer says U.S. construction is back big, as he breaks down Caterpillar's Q1 earnings that exceeded the Street's forecast.

  • Watershed event for CAT: Analyst   Monday, 27 Jan 2014 | 10:15 AM ET
    Watershed event for CAT: Analyst

    Andy Kaplowitz, Barclays analyst, Eli Lustgarten, Longbow Research senior research analyst, discuss Caterpillar's big buyback and positive quarterly results based on better-than-expected guidance.