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Construction and Farm Machinery

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  • SHANGHAI, March 31- Hong Kong shares finished up 0.4 percent on Monday as casino operators gained ahead of the release of monthly Macau gambling revenue data, while China Construction Bank climbed on forecast-beating results. The Hang Seng Index closed at 22,151.06 points.

  • BEIJING, March 31- Hong Kong shares edged up on Monday as a selloff in energy and manufacturing heavyweights on disappointing earnings was offset by strength in gaming stocks before the release of monthly Macau gambling revenue figures.

  • WASHINGTON, March 28- Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.

  • WASHINGTON, March 24- A U.S. Senate subcommittee known for investigating corporate tax avoidance said on Monday it will hold a hearing on April 1 to examine the offshore tax strategies of Caterpillar Inc, the world's largest mining and construction equipment maker.

  • March 6- Mining equipment maker Joy Global Inc said demand from miners for maintenance work was returning after more than a year of delay when its main customers struggled with a coal glut and weak prices. Joy Global's shares rose as much as 5.4 percent in early trading after the company also raised the lower end of its 2014 profit forecast range.

  • March 6- Joy Global Inc reported a two-thirds drop in quarterly profit due to lower demand for mining equipment in the middle of a coal glut, but the company said maintenance revenue was rising as miners can no longer delay work on old equipment.

  • Feb 20- Caterpillar Inc said on Thursday that sales of its construction equipment had surged in recent months, driven by an especially large jump in demand in North America, where a series of severe winter storms and arctic temperatures failed to keep builders out of dealer showrooms.

  • Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday but kept its full-year forecast unchanged, indicating the challenges the farm equipment industry faces as commodity prices come off the record highs of recent years.

  • Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday as cost controls helped offset the effects of moderating demand for its tractors, harvesters and other agricultural machinery.

  • 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.

  • Deere posts stronger-than-expected quarterly profit Wednesday, 12 Feb 2014 | 7:16 AM ET

    Feb 12- Deere& Co posted a stronger-than-expected quarterly profit on Wednesday as the company's efforts to control costs offset moderating demand from farmers for its tractors, harvesters and other agricultural machinery.

  • Feb 4- Agriculture machinery maker Agco Corp warned of weak demand in 2014 due to reduced farm income and forecast current-quarter earnings well below Wall Street expectations. Economic uncertainty in Europe, coupled with a slowdown in demand from U.S. farmers, has weighed on Agco as corn prices continue to slide, pressured by a record crop in 2013..

  • Agco profit jumps as demand from Europe rises Tuesday, 4 Feb 2014 | 8:26 AM ET

    Feb 4- Farm machinery maker Agco Corp reported a 36 percent increase in quarterly profit as strong sales in Europe offset weakness in South America.

  • *Caterpillar profit stronger than expected, shares rally. The Dow industrial average was outperforming the broader market thanks to Caterpillar Inc which reported better-than-expected results.

  • *Caterpillar profit stronger than expected, shares rally. *Apple Inc earnings due after markets close. NEW YORK, Jan 27- Wall Street was set for a modest rebound on Monday after its worst week since June 2012, with investors focused on corporate earnings from big names like Caterpillar and Apple.

  • *Unclear whether action will impact on multinationals' China operations. WASHINGTON, Jan 23- Chinese units of the global "Big Four" accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators' access to audit documents.

  • Nikkei pares gains after China factory activity report Wednesday, 22 Jan 2014 | 10:00 PM ET

    TOKYO, Jan 23- Japan's Nikkei stock average eased off from a two-week high on Thursday morning after a survey showed activity in China's manufacturing sector contracted in January for the first time in six months.

  • WASHINGTON, Jan 22- A U.S. judge has ruled that the Chinese units of the "Big Four" accounting firms should be suspended from practicing in the United States for six months, an escalation in a long-running dispute between U.S. and Chinese regulators over access to audit documents.

  • Japan's Kubota eyes U.S. fields with larger tractors Wednesday, 22 Jan 2014 | 6:00 AM ET

    OSAKA, Japan, Jan 22- Japan's Kubota Corp plans to sell powerful, large tractors in North America and Europe next year, its president said on Wednesday, challenging farm equipment industry leader Deere& Co..

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