Cummins Inc


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  • Oct 31- Cummins Inc posted a 22 percent drop in quarterly profit on Wednesday as demand for its engines and engine parts fell in nearly all parts of the globe. For the third quarter, the company posted net income of $352 million, or $1.86 per share, compared with $452 million, or $2.35 per share, a year earlier. Revenue fell 11 percent to $4.1 billion.

  • --Abiomed Inc rescheduled second-quarter conference call to Nov. 1 at 8 am Eastern Time. --Accelrys Inc rescheduled third-quarter results to Oct. 31, after market. Its conference call will be held on Nov. 1, 9.30 am Eastern Time.

  • *Navistar aims to save up to $175 mln next year. NEW YORK, Oct 29- U.S. truck and engine maker Navistar International Corp is willing to look at the possible sale of any part of its business as it tries to return to profitability, but it is not willing to consider fire-sale prices for its assets, interim Chief Executive Lewis Campbell said on Monday.

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  • *DuPont, 3 M, United Tech, UPS miss revenue forecasts. *DuPont, 3 M Co cut profit forecasts. DuPont and United Tech are by no means the only big U.S. companies to begin cutting jobs.

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  • Cummins to lay off at least 150 at Indiana plants Thursday, 18 Oct 2012 | 1:01 PM ET

    The layoffs will affect workers at the company's Fuel Systems Plant in Columbus, Columbus MidRange Engine Plant or the Seymour Engine plant, Cummins spokesman Jon Mills told The Republic for a story Thursday.

  • Fitch lifts some of Cummins ratings Friday, 12 Oct 2012 | 11:28 AM ET

    NEW YORK-- Fitch Ratings is boosting some of its ratings for Cummins, citing the engine maker's improving profitability, financial flexibility and other factors. The ratings agency raised Cummins Inc.' s issuer default rating and its long-term debt ratings one notch in investment-grade status to "A" from "A-."

  • TEXT-Fitch upgrades Cummins to 'A';outlook stable Friday, 12 Oct 2012 | 8:47 AM ET

    Oct 12- Fitch Ratings has upgraded Cummins, Inc.' s Issuer Default Rating and long-term debt ratings to' A' from' A-'. The Rating Outlook is Stable. Debt to EBITDA at July 1, 2012 was 0.31 times, which is lower than many other' A' rated peers, and has been well below 1.0 x during the past several years.

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