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  • CHICAGO, Jan 28- Caterpillar Inc on Thursday reported results that showed a continued slump across most of its businesses, and warned 2016 would be another grim year, but forecast earnings above estimates for 2016, sending its stock up nearly 5 percent. The world's largest construction and mining equipment maker has been restructuring aggressively to cut...

  • CAT CEO: We have to be in China Thursday, 28 Jan 2016 | 8:05 AM ET
    CAT CEO: We have to be in China

    Doug Oberhelman, Caterpillar chairman & CEO, talks about the long-term outlook in China and provides his thoughts on commodity prices.

  • CAT CEO: 2016 will be difficult year Thursday, 28 Jan 2016 | 8:03 AM ET
    CAT CEO: 2016 will be difficult year

    Doug Oberhelman, Caterpillar chairman & CEO, discusses the company's quarterly results and "soft markets" in oil and commodities around the world.

  • Caterpillar quarterly revenue falls 23 pct Thursday, 28 Jan 2016 | 7:42 AM ET

    The world's largest construction and mining equipment maker's total sales and revenue fell to $11.03 billion in the fourth quarter ended Dec. 31, from $14.24 billion a year earlier. Caterpillar reported a quarterly loss attributable to common stockholders of $87 million, or 15 cents per share, compared with a profit of $757 million, or $1.23 per share, a year...

  • Jan 26- U.S. crane and mining equipment maker Terex Corp received a takeover approach from China's Zoomlion Heavy Industry Science and Technology Co that it rebuffed, Bloomberg reported. Terex continues to focus on completing its merger with Finland's Konecranes Oyj, people familiar with the matter told Bloomberg. Terex's shares soared as much as 17 percent...

  • *Sees restructuring cash costs of no greater than 10 mln stg. *Sees saving of 10 mln stg annually, starting from H2. Jan 13- Fenner Plc will cut a fifth of the workforce at its conveyor belt business in the Americas as it attempts to weather a prolonged slump in demand for U.S. coal.

  • *Oct core machinery orders +10.7 pct m/m vs forecast -1.5 pct. TOKYO, Dec 9- Japan's core machinery orders unexpectedly jumped in October by the most since March 2014, government data showed on Wednesday, a strong resumption of investment and helping ease concerns about weakness in capital spending. The data should offer some hope to Prime Minister Shinzo Abe, who...

  • Bank of Jinzhou IPO shares priced at HK$4.66 Sunday, 6 Dec 2015 | 8:33 PM ET
    Bank of Jinzhou  IPO shares priced at HK$4.66

    CNBC discusses the Bank of Jinzhou float with Ken Wong, Asia equity portfolio specialist at Eastspring Investments and Ken Peng, Asia investment strategist at Citi Private Bank.

  • Deere profit falls on slowed farm equipment sales Wednesday, 25 Nov 2015 | 9:21 AM ET
    Farming farm united states

    Deere posted a sharp drop in earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new year.

  • Nov 25- Deere& Co posted a sharp drop in quarterly earnings on Wednesday and forecast a further slump in agriculture and construction equipment sales in its new fiscal year. Still, shares of the maker of John Deere tractors rose 5 percent in premarket trading as the profit exceeded Wall Street estimates. In the fourth quarter ended on Oct. 31, net income...

  • Deere profit falls on slowed farm equipment sales Wednesday, 25 Nov 2015 | 7:05 AM ET

    Nov 25- Deere& Co, an agriculture and construction equipment maker, posted higher-than-expected quarterly earnings on Wednesday even as weak global demand for farm equipment and soft commodity prices pressured sales. The company forecast sales to be down about 7 percent in the new fiscal year, with net income attributable to Deere at about $1.4 billion.

  • European shares open lower as commodity slump bites Monday, 23 Nov 2015 | 3:25 AM ET

    MILAN, Nov 23- European shares opened lower on Monday, dragged down by a steep fall in commodities and energy stocks on demand fears. Mining stocks were the top sectoral faller with a drop of more than 2 percent as metal prices fell to multi-year lows on worries about China demand. But German ATM machine maker Wincor Nixdorf AG rose more than 4 percent after U.S. rival...

  • Nov 12- Canada's Finning International Inc, the world's biggest dealer of Caterpillar Inc equipment, said on Thursday it would cut another 1,100 jobs in Canada and South America and close 11 Canadian locations due to weak sales. Vancouver- based Finning also reported lower-than-expected quarterly revenue and profit as its customers in the mining, energy and...

  • *Sept core machinery orders +7.5 pct m/m vs f'cast +3.3 pct. TOKYO, Nov 12- Japan's core machinery orders rose in September for the first time in four months, but companies forecast only modest gains in orders in October-December, a sign the economy's recovery from an expected recession could be slow. "Companies are taking a very cautious stance toward capital...

  • CHICAGO, Nov 3- Monsanto Co's Climate Corp will sell its Precision Planting farm equipment business to Deere& Co for an undisclosed sum, a move that underscores how turmoil in the agriculture sector has made it ripe for consolidation. For Climate, a unit of the world's largest seed company, the deal marks the latest push to shed businesses that are not focused on...

  • CHICAGO, Nov 3- Monsanto Co's Climate Corp subsidiary on Tuesday announced a definitive agreement to sell its Precision Planting farm equipment business to Deere& Co for an undisclosed sum. The deal also allows nearly real-time data connections between certain John Deere farm equipment and Climate's farming software programs, Climate FieldView.

  • MILAN, Oct 29- Truck and tractor maker CNH Industrial cut its full-year sales goal after reporting a larger-than-expected 53 percent drop in third-quarter profit for its industrial activities, hit by continued weak demand for farming machinery. Lower commodity prices and falling farm incomes continue to pressure demand for farming machinery, hitting CNH...

  • NEW YORK, Oct 13- Kim Beck once considered owning his factory's big production machines a big part of being a manufacturer. The chief executive of Automatic Feed Co., an 80- worker Ohio company that makes machines for auto plants, now leases most of his factory and its heavy equipment to another company that welds and cuts metal for him on the spot.

  • TOKYO, Oct 8- Japan's machinery orders unexpectedly fell in August in a worrying indication that capital expenditure is weaker than many policymakers expected, and could increase the chances of new fiscal and monetary stimulus. The decline in machinery orders suggests capital expenditure is not as strong as indicated in the Bank of Japan's tankan survey and...

  • What Japanese core machinery orders tell us Wednesday, 7 Oct 2015 | 7:51 PM ET
    What Japanese core machinery orders tell us

    Data from Japan's manufacturing sector, hit by China's slowdown, underscores the need for further reforms, says Alex Treves, head of Japan equities at Fidelity Worldwide Investment.