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Construction and Farm Machinery

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  • AGCO CEO: Growing profits in agriculture     Tuesday, 17 Dec 2013 | 6:53 AM ET

    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.

  • *Slashes full-year EPS view to $0.55- $0.75 from $1.20- $1.50. *Cuts revenue view to $2.15- $2.35 bln from $2.25- $2.45 bln. Dec 5- Farm equipment retailer Titan Machinery Inc slashed its full-year profit forecast as a record corn harvest pulled down prices and left farmers with less money to spend on new tractors and harvesters.

  • Dec 5- Farm equipment retailer Titan Machinery Inc's quarterly profit more than halved and the company cut its full-year revenue and profit forecasts as equipment sales and margins decline. Titan Machinery's shares fell 11 percent before the bell, after the company said it expected a full-year profit of between $0.55 and $0.75 per share.

  • CHICAGO, Nov 20- Deere& Co offered an unexpectedly upbeat forecast for 2014 on Wednesday, saying sales of construction and forestry equipment should offset an anticipated slowdown in demand for agricultural machinery. "It's a big quarter," said Eli Lustgarten, an analyst with Longbow Research.

  • TOKYO, Oct 29- Japanese stocks slid on Tuesday, hit by a sharp drop in Komatsu Ltd after the world's second-largest construction equipment maker issued a profit warning, dragging down other companies exposed to emerging markets.

  • Hong Kong shares rebound from 7-week low, China slips Monday, 28 Oct 2013 | 12:33 AM ET

    *China's top two insurers climb after strong earnings. HONG KONG, Oct 28- Hong Kong shares rebounded from a seven-week low in lackluster volumes early on Monday, led by some financial and energy counters after the weekend brought upbeat quarterly earnings. The Hang Seng Index, which ended Friday at its lowest since Sept. 6, climbed 0.5 percent at 22,807.1 points.

  • BEIJING, Oct 28- Shares of Zoomlion Heavy Industry Science and Technology Co Ltd surged on Monday after a newspaper admitted it had not thoroughly fact-checked disparaging reports on the Chinese state-owned construction equipment maker.

  • HONG KONG, Oct 28- Shares of Zoomlion Heavy Industry Science and Technology Co. Ltd. rose more than 9 percent on Monday after a newspaper said it had not thoroughly fact-checked a disparaging report on the Chinese state-owned construction equipment maker.

  • UPDATE 1-Eaton trims full-year profit forecast again Friday, 25 Oct 2013 | 8:32 AM ET

    Oct 25- Diversified manufacturer Eaton Corp cut the top end of its full-year profit forecast for the second time and reported lower-than-expected quarterly revenue, citing weakness in the heavy-duty truck and hydraulic systems markets.

  • *Hitachi jumps; Komatsu, Hitachi Construction sink. TOKYO, Oct 24- Japanese shares fell to a two-week low on Thursday morning on renewed concerns over China's economic outlook, while disappointing earning from Caterpillar Inc drove Komatsu sharply lower. We need to watch the PMI data and Asian shares, "said Yuya Tsuchida, strategist at Toyo Securities.

  • *Hitachi jumps; Komatsu, Hitachi Construction sink. TOKYO, Oct 24- Japanese shares fell to a two-week low on Thursday morning on renewed concerns over China's economic outlook, while disappointing earning from Caterpillar Inc drove Komatsu sharply lower. We need to watch the PMI data and Asian shares, "said Yuya Tsuchida, strategist at Toyo Securities.

  • *Caterpillar falls after results, Boeing up. NEW YORK, Oct 23- U.S. stocks fell on Wednesday after four straight days of record highs on the S&P 500, amid concern over tightening financial conditions in China and weakness in European banks.

  • *Caterpillar falls after results, Boeing up. Two key Dow components highlighted a mixed earnings picture on Wall Street, with Caterpillar shares down 4.5 percent after cutting its full-year earnings forecast, and Boeing up 2.8 percent after raising its outlook for the year.

  • 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.

  • Trouble on American Farms: 'We Face a Grim Future' Monday, 20 May 2013 | 10:24 AM ET
    Farmer Bill Maupin verifies that his equipment is dropping seeds at the appropriate depth as he plants a cornfield outside Henry, Ill.

    Worried about a possible economic bust in agriculture like that of the 1980s, farmers talk about their growing fears.

  • Next Group That May Be Slammed by Debt: Farmers Thursday, 16 May 2013 | 10:36 AM ET

    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 Earnings Beat Estimates on Strong Demand Wednesday, 13 Feb 2013 | 8:58 AM ET
    John Deere Hybrid Tractor

    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.

  • India's Investment Malaise Thwarting Economic Rebound Tuesday, 12 Feb 2013 | 6:36 PM ET

    Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.

  • Deere Reports Q4 Profit But Misses Expectations     Wednesday, 21 Nov 2012 | 9:35 AM ET

    Ann Duignan, JPMorgan analyst, has the play on the heavy equipment maker.

  • Seeking a New Startup Idea? Try Farming Monday, 29 Oct 2012 | 10:01 AM ET

    Over the last few years, sustainable farming startups have managed to get loans from companies like Whole Foods, or sold equity stakes to venture capitalists like Michael Dell's brother, Adam. A lot of the seed money is being used to help these businesses grow, many with a focus on being local.

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