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  • SANTIAGO/ WINNIPEG, April 6- As slumping metals prices force miners to scale back production, the scramble by some to sell idled equipment at a discount is producing bargains for healthier players. Mantos Copper, a unit of investment firm Audley Capital, which bought two Chilean copper mines last year from Anglo American, is among those reaping the benefits.

  • WINNIPEG/ SANTIAGO, April 6- Dealers of used mining equipment, from the United States to Chile and Australia, are making a risky bet that an end to the industry's four-year slump may be in sight, stocking up on a glut of crushers and conveyors. A used 20- ton Komatsu Ltd bulldozer that sold for nearly $130,000 a few years back, now leaves the lot for $100,000, for example.

  • March 17- Caterpillar Inc, the world's No. 1 maker of construction and mining equipment, forecast first-quarter profit and revenue well below Wall Street expectations on Thursday, prompting questions from some analysts on its full-year outlook. It said it expects first quarter 2016 sales and revenue to be in a range of $9.3 billion to $9.4 billion.

  • March 17- Caterpillar Inc, the world's No. 1 maker of construction and mining equipment, forecast first-quarter profit and revenue well below Wall Street expectations but said it "remained comfortable" with its full-year sales and profit outlook. Caterpillar, whose shares were down slightly at $74.09 in early trading, said it expected a profit of 65- 70 cents per...

  • *Jan core orders +15.0 pct m/m vs forecast +3.0 pct. TOKYO, March 14- Japan's core machinery orders jumped in January, inflated by large orders from the steel industry, but economists say excluding this factor orders were probably flat from the previous month. "Excluding orders from the steel industry, machinery orders were likely flat compared to the previous...

  • NEW YORK, March 3- Genesis Mining, which provides computer equipment to create bitcoins in the cloud, on Thursday launched the world's first fund that invests in hardware used to create the digital currency. The Logos Fund was registered with the U.S. Securities and Exchange Commission last week, Genesis said in a statement. Genesis will initially seed the fund...

  • LISLE, Ill., March 2- Navistar International Corp Chief Executive Troy Clarke is pushing the door open for potential deals as he fights to keep the truck maker's turnaround on track amid a U.S. sales slump. Navistar, under Clarke, agreed to manufacture a line of medium-duty trucks for the CEO's former employer, General Motors Co, due to launch in 2018 for sale through...

  • Deere shares were up about 0.06 percent at $79.66 and Caterpillar shares were 0.74 percent higher at $66.93 in late afternoon trading. Deere, a leading maker of farm and construction equipment, said 100 employees represented by the United Auto Workers will be laid off indefinitely starting April 1 at two factories in Iowa that make construction and forestry...

  • The world's largest construction and mining equipment maker will create an Electric Power, Marine and Oil& Gas Division by consolidating the Electric Power and Marine& Petroleum Power Divisions, it said on Wednesday. Steve Niehuas, currently vice president of the Electric Power Division will retire after 27 years with the company. We'll evaluate those in the...

  • CHICAGO, Feb 22- Steve Irish used to farm 450 acres of rich crop fields in east-central Illinois, but that 15- year chapter of his life ended with a recent conversation with his banker. Irish was deep in debt from the farm equipment he bought, and needed to pay back the money he owed. So now Irish's tractor, combine and other machinery needed to run a grain farm is up for...

  • Feb 18- Canada's Finning International Inc, the world's biggest dealer of Caterpillar Inc equipment, swung to a quarterly loss and said it would cut more jobs. The company, which has been hurt by lower demand from the mining, energy and construction industries, posted a net loss of C $309 million, or C $1.82 per share, for the fourth quarter ended Dec. 31.

  • LOUISVILLE, Ky., Feb 17- Nathan Applebee's family in Seneca, Illinois has farmed using John Deere equipment since the 1930 s. "I have what I need," Applebee, 32, said after checking out a $355,000 Deere 8345 R tractor, with a 345 horsepower engine, and the latest in digital connectivity to enable precision planting. The Department of Agriculture has estimated U.S. net...

  • DUESSELDORF, Germany, Jan 29- Germany's anti-trust regulator said on Friday it was investigating a possible cartel of companies making agricultural machinery, particularly tractors. It did not name any targets of the probe. German agricultural trading group Baywa said the cartel office had searched its headquarters earlier this week on suspicion that some...

  • The markets may look like they’re running amok heading into the lunar new year but not for long, predicts brokerage CLSA.

  • CHICAGO, Jan 28- Caterpillar Inc on Thursday reported results that showed a continued slump across most of its businesses, but forecast earnings above estimates for 2016, sending shares up nearly 3 percent. The world's largest construction and mining equipment maker has been restructuring aggressively to cut costs because of slower growth in markets...

  • How global weakness impacts Caterpillar

    Machinery stock analyst Ann Duignan of J.P. Morgan talks about how China and currencies impact Caterpillar's results.

  • 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

    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

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

  • 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...