Capital Goods Machinery

  • *Factory activity expands in October, but orders slow. WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views manufacturing would regain some momentum in the fourth quarter. The Institute for Supply Management on Tuesday said its index of national factory activity rose...

  • CHICAGO, Nov 1- Engine maker Cummins Inc on Tuesday reported a lower quarterly profit as revenue was hit by weak heavy-duty truck production in North America and poor global demand for power generation equipment. "Due to the slow pace of growth in the global economy, we continue to face weak demand in a number of our most important markets," Cummins Chief Executive...

  • WASHINGTON, Oct 27- New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter. The service industries continue to drive economic growth, that will probably remain the case through the...

  • WASHINGTON, Oct 27- New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy...

  • WASHINGTON, Oct 27- New orders for U.S. manufactured capital goods unexpectedly fell in September amid weak demand for computers and electronic products, which could temper expectations for an acceleration in business spending in the fourth quarter. The Commerce Department said on Thursday that non-defense capital goods orders excluding aircraft, a...

  • The world's largest construction and mining equipment maker posted a third-quarter profit of $283 million, or 48 cents per share, down from a revised $559 million, or 94 cents per share, a year earlier. Excluding restructuring costs, earnings per share came to 85 cents, exceeding analysts' estimates of 76 cents. Revenue fell to $9.2 billion from about $11 billion.

  • Oct 25- Caterpillar Inc on Tuesday reported a sharply lower quarterly profit as global economic weakness slowed the sale of new machinery amid an abundance of available used equipment. Caterpillar, the world's largest construction and mining equipment maker, reported a third-quarter profit of $283 million, or 48 cents per share, down from $559 million, or 94...

  • CHICAGO, Oct 17- Caterpillar Inc insider Jim Umpleby will become chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He replaces Doug Oberhleman, who will retire as CEO on Dec. 31 but stay on as executive board chairman until March 31, the company said on...

  • CHICAGO, Oct 17- Caterpillar insider Jim Umpleby will became chief executive of the heavy equipment maker on Jan. 1, faced with the challenge of reversing a multiyear sales decline triggered by the global commodities slump. He replaces Doug Oberhleman, who retires as CEO on Dec. 31, but who stays on as executive board chairman until March 31, the company said on...

  • Oct 17- Caterpillar Inc said on Monday that chief executive Doug Oberhelman will retire in 2017 as the heavy equipment maker navigates a lengthy downturn its core businesses and will be replaced with Jim Umpleby, a long-time company insider. His departure from Peoria, Illinois- based Caterpillar comes as a commodity slump has hurt its customers in the mining...

  • Oct 17- Heavy equipment maker Caterpillar Inc said Chairman and Chief Executive Doug Oberhelman will retire effective March 31 after more than 41 years with the company. Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as CEO from Jan. 1, the company said. Oberhelman, who became CEO in 2010, will remain as executive chairman...

  • Oct 17- Heavy equipment maker Caterpillar Inc said Chairman and Chief Executive Officer Doug Oberhelman will retire, effective March 31.

  • Japan's core machinery orders fell 2.2 percent in August from the previous month, in a sign of fragility in capital expenditure.

  • Capex in Japan has been disappointing: Economist

    Japanese companies have been making record profits but capital expenditure remains weak, says Japan Macro Advisors' Takuji Okubo.

  • Call of the day: Caterpillar upgraded

    The “Fast Money” traders and Stephanie Link, TIAA Global Asset Management, discuss the trade on Caterpillar following Goldman Sachs' call to upgrade the stock to buy.

  • SEOUL, Oct 10- South Korea's Doosan Bobcat Inc on Monday cancelled plans for an up to 2.45 trillion won initial public offering after the valuation fell short of its targets, and is expected to relaunch a smaller IPO within days. The construction equipment maker would submit a new IPO plan with a view to listing as soon as next month, a spokesman for parent company...

  • *Core machinery orders due at 2350 GMT on Tuesday. TOKYO, Oct 7- Japan's core machinery orders were expected to fall for the first time in three months in August, a Reuters poll found, suggesting a strong yen and weak domestic and external demand may have kept companies cautious towards investment. "Core machinery orders likely rose in July-September but, if...

  • 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...