Stocks mostly rose on Thursday after jobless claims fell to a three-month low.» Read More
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.
March 4- Caterpillar Inc's chief executive said on Tuesday several of the company's biggest markets, including China and North America, were strengthening modestly, but he warned that the global economy was largely fragile and sensitive to unexpected shocks like the crisis in Ukraine.
Feb 25- U.S. companies borrowed more in January to spend on capital investment, the Equipment Leasing and Finance Association said.
*Men's Wearhouse raises offer for Jos. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck& Co, hitting 52- week highs.
*Insurance stocks rise after Humana comments. *Men's Wearhouse raises offer for Jos. Gains were broad, with nine of the 10 S&P 500 sectors up on the day and a number of bellwethers, including Caterpillar Inc and Merck& Co, hitting 52- week highs.
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.
Stocks were mixed on Wednesday, with the S&P little changed after its four-day surge.
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CHICAGO/ LONDON, Jan 31- International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.
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Some of Thursday's midday movers:
Canton, Ohio- based Timken joins heavy-equipment maker Caterpillar Inc and toolmaker Kennametal Inc in citing weakness in the mining sector as a drag on profit. Kennametal cut its organic sales growth estimate to 2-4 percent from 4-6 percent due to weak conditions in underground mining in the United States and China.
Turkey's central bank's call to action helped stabilize emerging markets, but India's rate hike provided an added boost to confidence.
Asian equity markets stabilized on Tuesday following two straight sessions of sharp losses but caution prevailed ahead of a Federal Reserve meeting.
*Komatsu rises on strong Caterpillar results. TOKYO, Jan 28- Japan's Nikkei average edged up on Tuesday, clawing back some ground from a two-month low hit the previous day as investors scooped up bargains, while construction equipment makers like Komatsu jumped after Caterpillar reported upbeat results.