MILAN, Nov 27- Technology firm Insigma has teamed up with another Chinese company to try to buy Finmeccanica's rail assets, two people familiar with the matter said, a move that could thwart a rival bid from Hitachi. Italy's Finmeccanica is selling its unprofitable train-making unit AnsaldoBreda and its 40 percent stake in Ansaldo STS, which makes rail...» Read More
NEW YORK— Deere's fourth-quarter results were stronger than Wall Street expected but it says its farm equipment sales and profits will keep falling in its new fiscal year as the sector remains weak. In the fourth quarter Deere says it earned $649.2 million, or $1.83 per share, down from $806.8 million, or $2.11 per share, a year ago. FactSet says analysts expected a...
BEIJING, Nov 9- There will be no "major announcement" on a Washington- backed Asia-Pacific free trade deal during a meeting of leaders from the region in Beijing this week, U.S. Few expected that a deal on the ambitious 12- country Trans-Pacific Partnership could be reached this year, largely because of a deadlock between the pact's two biggest economies, the United...
Oct 31- Construction equipment company Caterpillar Inc on Friday said the U.S. Securities and Exchange Commission is investigating how it accounted for its July 2011 purchase of Bucyrus International Inc.. In its quarterly report, Caterpillar said the Sept. 10 subpoena from the SEC seeks information about its accounting for goodwill relating to the $7.6...
SHANGHAI, Oct 15- Chinese stock markets rose on Tuesday, with major indexes lifted by airline stocks and pharmaceuticals, but analyst said sentiment remained cautious given signs of continued pressure on producer pricing power and weakness in overseas markets. The CSI300 index of the largest Shanghai and Shenzhen A-share listings was up 0.6 percent, while...
Sept 23- Deere& Co, the world's largest farm equipment maker, said it was exploring strategic options for its low-margin crop insurance business and had hired Citigroup as its adviser.
Farmers and analysts say the elimination of government incentives to buy new equipment, a related overhang of used tractors, and a reduced commitment to biofuels, all darken the outlook for the sector beyond 2019- the year the U.S. Department of Agriculture says farm incomes will begin to rise again.
STOCKHOLM, Sept 7- "Good enough" might not make for a marketing slogan, but some of Europe's top engineering companies, which have made their reputation on the quality of their products, are hoping it will make for a profitable strategy.
TOKYO, Sept 3- Japanese shares hit a seven-month high on Wednesday, with brokerages leading the gains because of hopes that a cabinet reshuffle by Prime Minister Shinzo Abe will give fresh impetus to his growth-oriented policies.
Aug 15- Deere& Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.
Aug 13- Deere& Co on Wednesday posted a lower quarterly profit and cut its full-year forecast as farmers facing a bumper crop and declining grain prices continued to pull back on purchases of the company's tractors, harvesters and other machinery.
Aug 13- Deere& Co posted lower quarterly profit on Wednesday, but still topped estimates, as strong sales of construction and forestry equipment offset declining sales of tractors, harvesters and other farm machinery.
Aug 6- Russian President Vladimir Putin's announcement on Wednesday that he plans to slap a one-year import ban on agricultural products from countries that have imposed sanctions on Russia is unwelcome news to U.S.-based makers of farm equipment.
HONG KONG, July 15- China shares finished a choppy Tuesday morning little changed, with investors taking profits on recent outperformers, while Hong Kong markets rose again, riding on continuing money inflows. The Hang Seng Index was up 0.5 percent at 23,462.24 points.
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 posted a stronger-than-expected quarterly profit, but kept its full-year forecast unchanged, citing the challenges the farm equipment industry.
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.
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.
Worried about a possible economic bust in agriculture like that of the 1980s, farmers talk about their growing fears.
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, 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.