April 30- Cummins Inc reported a sharper-than-expected drop in first-quarter earnings on Tuesday, citing weak demand for its turbines and engines, especially from the mining and oil and gas industries. Last week, Caterpillar Inc posted disappointing quarterly results and cut its 2013 profit forecast.
April 30- Cummins Inc reported a sharper-than-expected drop in first-quarter earnings on Tuesday, citing weak demand for its turbines and engines in most of its markets, especially the mining and oil and gas industries.
April 30- Cummins Inc reported a sharper-than-expected drop in quarterly earnings on Tuesday, citing weak demand in most of its markets and an especially steep decline in sales of engines and turbines to the mining and oil and gas industries.
U.S. stock market index futures hovered around the flatline Tuesday, a day after the S&P 500 logged a fresh closing high, as investors weighed a batch of weak corporate earnings against a better-than-expected S&P/Case-Shiller home price report.
April 30- Cummins Inc reported a sharper-than-expected drop in quarterly earnings on Tuesday, citing weak demand for most of products in most of its markets, but an especially dramatic decline in sales of its engines and turbines to customers in the mining and oil and gas industries,.
Suppliers like T. Boone Pickens' Clean Energy Fuels, Royal Dutch Shell and China's private ENN Group are scrambling to build natural gas fueling stations along U.S. highways, while Cummins-Westport Inc will begin later this year selling a 12- liter natural gas engine able to power the biggest trucks on the road.
March 7- Navistar International Corp named a new chief executive as the truck and engine maker indicated it was on the road to recovery by forecasting market share gains in the second half of the year, pushing its stock 26 percent higher on Thursday.
March 7- Navistar International Corp named a new chief executive with the backing of activist investor Carl Icahn, sending the truck maker's stock up as much as 28 percent as investors bet on a recovery from a disastrous engine redesign.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."