Capital Goods Machinery

  • Brussels police spokeswoman Ilse Van de Keere said around 45,000 people took part in Thursday's protest, the fourth since Prime Minister Charles Michel took office in 2014. Tensions have been high since U.S. heavy equipment maker Caterpillar announced the closure of its Belgian production plant, meaning the loss of more than 2,000 jobs.

  • READING, England, Sept 29- Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion& Co, where a planned three-metre robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union. "We're waiting to get a clear idea of what the future might be before we make any significant...

  • Once Asia's top buyer of diesel, Indonesia's imports of the fuel slowed to a fraction of what it used to be with a plunge in coal prices over the past four years curbing mining activities. "Coal prices are getting higher so the miners are trying to speed up production," boosting demand for the fuel needed to power mining machinery, said a trader, who supplies diesel to...

  • *Core machinery orders, CGPI due at 2350 GMT on Sunday. TOKYO, Sept 9- Japan's machinery orders were expected to fall in July for the first time in two months, a Reuters poll found, suggesting companies were cautious about capital spending because of a strong yen and weak demand for Japanese products. "Firms' sentiment for investment has become cautious because of the...

  • WASHINGTON, Aug 31- The U.S. Justice Department said on Wednesday it has filed a lawsuit to stop Deere& Co from buying Monsanto's Precision Planting farm equipment business. "High-speed precision planting technology holds out the promise of improved yields for American farmers by enabling them to plant crops more accurately at higher speeds," said Renata Hesse,...

  • WASHINGTON, Aug 25- New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. Fed Chair Janet Yellen could give guidance on the near-term outlook for U.S. monetary policy when she speaks on...

  • WASHINGTON, Aug 25- New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy...

  • WASHINGTON, Aug 25- New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The Commerce Department said on Thursday non-defense capital goods orders excluding aircraft, a closely...

  • Shares of Deere were up 11.6 percent at $85.84 in afternoon trading. The company said it expected production hours to be down 60 percent this quarter at its East Moline, Illinois, combine factory and planned to reduce them by 20 percent at its Waterloo, Iowa, tractor plant. Deere increased its fiscal-year earnings outlook to $1.35 billion from $1.2 billion.

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • Aug 18- Caterpillar Inc said on Thursday it would explore options, including a possible divestiture for some of its mining products, and would stop taking orders for machinery specific to underground soft rock mining. Chief Executive Office Doug Oberhelman said last month he was not expecting an upturn in mining or oil in 2016.. Some of the natural fits have also...

  • Aug 18- Caterpillar Inc, the world's No. 1 maker of construction and mining equipment, said on Thursday it would explore options, including a possible divestiture, for some of its mining products. The company said it expects to cut up to 155 jobs in the room and pillar business, which caters to underground soft rock mining customers. Caterpillar said it would also...

  • BUENOS AIRES, Aug 11- At a recent agricultural fair in Argentina, manufacturers of threshers, tractors and harvesting combines did so well that some encountered an unusual problem in an economy hit by recession and high inflation-- excess demand. Despite plenty of gloom about Argentina's economy, there are signs of green shoots in other areas of the economy as...

  • Japan's core machinery orders rose 8.3 percent in June from the previous month, in a sign that capital expenditure was starting to recover.

  • *Weekly jobless claims increase 3,000. WASHINGTON, Aug 4- The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. For two months now, new orders for mining and oil and gas field equipment were up, "said Joel Naroff, chief economist at...

  • BOSTON, July 28- Activist hedge fund Marcato Capital Management announced its second big investment in a week on Thursday, saying it snapped up a 5.1 percent stake in crane and heavy equipment manufacturer Terex Corp.. Hepler specialized in industrials while working for famed activist investor Ralph Whitworth's Relational Investors.

  • Caterpillar said global uncertainty persists, and the recent vote in Britain to leave the European Union and the attempted coup in Turkey have heightened risks, especially in Europe. The world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion.

  • The company's $1.09 in earnings per share, excluding restructuring costs, was better than analysts' expectations of 96 cents, but below a revised $1.40 a year ago. The world's largest construction and mining equipment maker lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects...

  • The company, the world's largest construction and mining equipment maker, lowered its full-year 2016 sales outlook to a range of $40 billion to $40.5 billion, from $40 billion to $42 billion. Caterpillar expects earnings of $2.75 per share, or $3.55 excluding restructuring costs, from $3.00, or $3.70 excluding restructuring costs. Caterpillar reported...