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Capital Goods Machinery

  • 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...

  • Nov 9- The election of Republican Donald Trump as U.S. president put new pressure on automakers and other manufacturers that have come to depend on open trade with Mexico, and lifted shares of companies that could gain if the new administration boosts infrastructure spending and eases curbs on coal. However, shares of U.S. automakers, which rely heavily on parts...

  • Nov 9- The election of Republican Donald Trump as U.S. president puts new pressure on automakers and other manufacturers that have come to depend on open trade with Mexico and now face the risk of higher costs. However, shares of U.S. automakers, which rely heavily on parts and vehicles made in Mexico to feed their U.S. manufacturing and sales operations, fell on...

  • Nov 9- The election of Donald Trump as U.S. president puts new pressure on automakers and other manufacturers that have become dependent on open trade with Mexico, and raises the risk they will face higher costs. Shares in Japanese automakers, which also rely on Mexico as a production hub for the U.S. market, slid as well, underperforming the benchmark Nikkei index,...

  • Nov 9- The election of Donald Trump as U.S. president puts new pressure on automakers and other manufacturers that have become dependent on open trade with Mexico, and raises the risk they will face higher costs. Shares in Japanese automakers, which also rely on Mexico as a production hub for the U.S. market, slid as well, underperforming the benchmark Nikkei index,...

  • WASHINGTON, Nov 1- U.S. factory activity increased for a second straight month in October amid a pickup in production and hiring, supporting views that the embattled manufacturing sector would regain some momentum in the fourth quarter. Manufacturing has suffered a prolonged slump in the aftermath of the dollar's surge between June 2014 and December 2015,...

  • *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.