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Capital Goods Machinery

  • LONDON, July 11- European shares made modest gains for a second session on Tuesday as strength among miners and banks lent a helping hand. Basic resources stocks supported the index, up 1 percent, with Anglo American the top FTSE gainer. Construction equipment company Travis Perkins was lifted by a positive update from peer Galliford Try, which said it saw...

  • TOKYO, June 30- Japan's industrial output fell 3.3 percent in May from the previous month due to lower production of cars and construction equipment, preliminary government data showed on Friday, in a sign of a temporary lull in manufacturing activity. The result compared with the median estimate of a 3.2 percent decline in a Reuters poll of economists.

  • Apple Inc customers will soon have more choices as the company looks to reduce long wait times for iPhone repairs at its retail stores.

  • SAN FRANCISCO, June 7- Hey Siri, where can I get my cracked iPhone screen fixed? Among the first recipients is Minneapolis- based Best Buy, which has long sold and serviced Apple products. The electronics retailer already has one of the screen-repair machines at a Miami- area store and one coming soon to an outlet in Sunnyvale, California.

  • June 1- Deere& Co said on Thursday it would buy privately held German company Wirtgen Group for about $4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere's share rose 3.1 percent to $126.29 in premarket trading, and were set to open at their highest ever. "The acquisition will help Deere...

  • MILAN, May 31- European shares opened flat on Wednesday, weighed by a fall in mining stocks and lifted by a big rise for Ericsson after an activist investor bought a stake in the telecoms equipment firm. The FTSE rose 0.2 percent, helped by a weaker pound which fell after a new poll showed Britain risks a hung parliament following a June 8 election.

  • May 19- Deere& Co raised its full-year sales and profit forecast for the second time, as demand improves for its farm and construction equipment, particularly in South America, sending its shares to a record high of $122.22. The company said it expected fiscal 2017 industry sales of tractors and combined harvesters in South America to be at the high-end of its...

  • *Sees FY 2017 profit of about $2 bln, up from $1.5 bln. *Q2 profit $1.94/ shr vs est $1.68. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement.

  • Deere now expects fiscal 2017 net income attributable to the company to be about $2 billion, up from $1.5 billion previously. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement. Net income attributable to Deere rose to $802.4...

  • PARIS, May 15- European sales of agricultural machinery look set to rebound in 2017 after a three-year slump as rising demand in Germany and sectors like olive growing offset weakness in France, an industry group said. France, however, "is a big question mark," Adam said. France is the biggest crop producer in the EU but suffered the worst grain harvest in three decades...

  • In March, U.S. law enforcement officials had raided three of the heavy machinery manufacturer's Illinois facilities as part of an Internal Revenue Service probe related to profits earned by the company's Swiss unit.

  • HELSINKI, May 3- Finland's mining equipment maker Metso on Wednesday appointed Nico Delvaux as chief executive from Swedish rival Atlas Copco to lead growth plans after years of restructuring and weak demand. Metso, the maker of grinding mills and crushers for miners as well as valves and pumps for the oil and gas industry, has been battling tough market...

  • CHICAGO, May 1- Monsanto Co has terminated an agreement to sell its Precision Planting LLC farm equipment business to machinery maker Deere& Co, the companies said on Monday, ending a legal fight with antitrust authorities over the deal. The U.S. Department of Justice last August filed a lawsuit to block the sale, arguing the deal could make it more expensive for...

  • Should you buy Caterpillar?

    Debating whether investors should be in Caterpillar with the stock up 20-percent since the election, with Gordon Johnson, Axiom Capital head of research, and Stanley Elliott, Stifel.

  • BUENOS AIRES, April 3- Argentine growers have been energized by the country's new tax and trade policies, setting the stage for increased grains planting and farm investment, the head of the local unit of agricultural machinery company Deere& Co said on Monday. The free-trade policies of President Mauricio Macri, elected in 2015 after an eight-year feud between...

  • March 31- Caterpillar Inc said on Friday it will shut its Aurora, Illinois, plant, costing about 800 employees their jobs as the world's largest construction and mining equipment maker shifts production to other U.S. facilities. The company said it will transition its large wheel loaders and compactors to its plant in Decatur, Illinois, and medium wheel loaders...

  • Earlier this month, U.S. law enforcement officials raided three of the heavy machinery manufacturer's Illinois facilities as part of an Internal Revenue Service probe related to profits earned by the company's Swiss parts unit, Caterpillar SARL. The IRS has demand that the company pay $2 billion in taxes and penalties for profits assigned to the Swiss unit.

  • March 16- Caterpillar Inc said it had retained former U.S. Attorney General William Barr as outside counsel and tasked him to help the company address an ongoing government investigation of its import and export practices. Earlier this month, U.S. law enforcement officials raided three of the heavy machinery manufacturer's Illinois facilities as part of an...

  • *BOJ seen keeping policy steady at two-day meeting, March 15-16. TOKYO, March 13- Japan's core machinery orders unexpectedly fell in January from the previous month and dipped the most in five months, adding to worries about whether recent signs of economic recovery will be sustainable. I am somewhat worried, but machinery orders are volatile so it's necessary to...

  • *BOJ seen keeping policy steady at two-day meeting, March 15-16. TOKYO, March 13- Japan's core machinery orders unexpectedly fell in January from the previous month and dipped the most in five months, adding to worries about whether recent signs of economic recovery will be sustainable. I am somewhat worried, but machinery orders are volatile so it's necessary to...