×

Capital Goods Machinery

  • NEW YORK— The latest on developments in financial markets:. Steel dropped 8 percent and heavy machinery maker Caterpillar gave up 2.7 percent. The Russell 2000 index, which tracks small-company stocks, dropped 9 points, or 0.7 percent, to 1,394..

  • CHARLOTTETOWN, Prince Edward Island, Dec 15- For years, heavy equipment operator Ashley Underhill has tried to defy the notion that one could only make a good living in Canada's poorer east coast by spending most of the time away from the family in the nation's western oil patch. "People are really scrounging out here in the Maritimes, looking for work," said...

  • Japan's October core machinery orders rose for the first time in three months to beat expectations.

  • *Oct core orders +4.1 pct m/m vs forecast +1.0 pct. TOKYO, Dec 12- Japan's October core machinery orders rose for the first time in three months to beat expectations, government data showed- a tentative sign of a pickup in capital expenditure. "Machinery orders are basically flat but picking up slightly," said Takeshi Minami, chief economist at Norinchukin Research...

  • Yen depreciation favorable for corporate profits: Economist

    The authorities are likely to be comfortable with the current level of the Japanese yen, says Nomura's Takashi Miwa.

  • Dec 1- Caterpillar Inc, the world's largest construction and mining equipment maker, said Wall Street's earnings expectations for 2017 were "too optimistic" as oil prices continued to remained volatile. Analysts on average were expecting 2017 earnings of $3.25 per share and revenue of $38 billion, according to Thomson Reuters I/B/E/S. For 2016, the company had...

  • Dec 1- Cummins Inc, a U.S. manufacturer of engines for large trucks, is preparing to explore the sale of a business that makes filters and coolants, potentially valuing it at more than $1.5 billion, according to people familiar with the matter. The move comes as weak heavy-duty truck production in North America and poor global demand for power generation equipment...

  • SHANGHAI, Nov 25- After five years of falling revenue, forecourts overcrowded with unsold machinery and idle factories, China's push to build a modern day Silk Road is fuelling a recovery for the country's heavy equipment industry, according to executives from many companies gathered in Shanghai this week. Industry sales in China peaked that year at $35...

  • *Durable goods orders increase 4.8 percent in October. WASHINGTON, Nov 23- New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost...

  • Less discounting during the quarter, especially on agricultural machinery, contributed to higher pricing, Tony Huegel, director of investor relations said during the conference call. "It was all kind of internal- either pricing or cost cutting," said Jefferies analyst Stephen Volkmann. The company also saw fiscal 2017 net income declining to about $1.4 billion,...

  • WASHINGTON, Nov 23- New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer...

  • WASHINGTON, Nov 23- New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer...

  • WASHINGTON, Nov 23- New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, pointing to a tentative pickup in business investment. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, rose 0.4...

  • WASHINGTON, Nov 23- New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter. The Commerce Department said on Wednesday that non-defense capital goods orders excluding aircraft, a closely...

  • PARIS, Nov 18- French car parts maker Plastic Omnium has received a binding offer from German group Mutares for its heavy duty truck business, the companies said on Friday. The business, which entails designing and manufacturing the body and structural parts for the heavy duty truck industry, employs more than 1,500 people and had 2015 sales of 190 million euros.

  • *Manufacturing output increases 0.2 percent in October. WASHINGTON, Nov 16- U.S. manufacturing output increased for a second straight month in October amid gains in the production of motor vehicles and a range of other goods, suggesting that the battered factory sector was slowly recovering. "With the global economic backdrop more stable and growth set to pick...

  • MILAN, Nov 15- European shares steadied on Tuesday as a rebound in utilities and crude prices was offset by sharp falls among mining stocks, while telecoms equipment maker Nokia slumped after a disappointing earnings outlook update. Hopes of huge fiscal stimulus in the U.S. under Donald Trump's administration have fueled a rally in bond yields and rate hike...

  • *Sept core machinery orders -3.3 pct vs f'cast -0.8 pct. *Capex considered essential to higher economic growth. TOKYO, Nov 10- Japan's core machinery orders fell more than expected in September and the outlook pointed to more weakness, suggesting the economy may underperform as businesses show reluctance to invest amid sluggish demand at home and abroad.

  • *Sept core machinery orders -3.3 pct vs f'cast -0.8 pct. TOKYO, Nov 10- Japan's core machinery orders fell more than expected in September, Cabinet Office data showed on Thursday, in a sign of fragility in capital expenditure seen as vital for fostering sustainable economic growth. Prime Minister Shinzo Abe's government has been counting on capital expenditure...

  • MARRAKESH, Morocco/ CHICAGO, Nov 9- The prospect of an abrupt shift in U.S. climate policy under President-elect Donald Trump lifted the shares of U.S. mining equipment giant Caterpillar Inc, North American railroads and other companies tied to fossil fuels, and slammed shares of renewable energy firms. His victory caused dismay at a climate policy conference in...