Machinery
Construction and Farm Machinery
DETROIT, Sept 19- Bosch, the German auto components supplier, is partnering with startup Nikola Motor Co to bring two hydrogen-electric, long-haul, heavy-duty truck models to market by 2021, the companies said on Tuesday. Manufacturers such as Daimler and Navistar International Corp, as well as electric car maker Tesla Inc and a host of other new entrants, are...
RIO DE JANEIRO, Sept 11- Brazilian police on Monday launched an operation involving possible money laundering by the agricultural arm of Venezuela's state-run oil company PDVSA through imports of agricultural equipment from Brazil, authorities said. According to police, Venezuela's Tracto America, a trading company, bought agricultural equipment from...
Aug 18- Deere& Co reported quarterly sales below estimates and its full-year farm equipment sales forecast indicated sluggish demand for its trademark green tractors and harvesting combines in the United States, sending its shares down 9 percent. While analysts have said the weakness in the farm sector has bottomed out, bumper corn and soybeans harvests in...
CNBC's Morgan Brennan breaks down Deere's quarterly numbers which posted mixed results, beating on earnings but coming in light on revenues.
Deere reported a better-than-expected quarterly profit, helped by improving demand for its farm equipment, particularly in South America.
NEW YORK, Aug 17- The harvest has come in for stock investors in Deere& Co but a more plentiful bounty may rest on further improvement in the farm equipment maker's performance. Wall Street is slightly more cautious on Deere shares than machinery and S&P 500 stocks broadly. Eight analysts recommend investors buy the stock, 12 have hold ratings and one says sell,...
SHANGHAI, Aug 14- Trade tensions between Washington and Beijing may be running high but Corporate America is finding China to be a reliable source of profit growth this year. Chinese President Xi Jinpings ambitious plan to build a new Silk Road that will improve links between China and dozens of countries in Asia and Europe, and includes many billions of dollars...
TOKYO, July 28- Japan's Nikkei share average fell on Friday after tech shares dropped sharply following weakness on the Nasdaq market, while investors stayed cautious as the dollar slipped against the yen. Investor sentiment was also hurt by the resignation of Defence Minister Tomomi Inada over a series of gaffes, missteps and a cover-up at her ministry that...
*China H1 truck sales up over 22 percent year-on-year. Diesel demand in China is expected to grow by up to 0.3 percent in 2017 and by 0.5 percent in 2018 after shrinking by 3.5 percent last year, said Sri Paravaikkarasu, the head of' east of Suez oil' at energy consultancy FGE. "A variety of factors- improvement in mining and industrial activity, commercial vehicle sales...
TOKYO, July 28- Japan's Nikkei share average fell on Friday morning after tech shares dropped sharply following weakness on the Nasdaq market, while investors stayed cautious as the dollar slipped against the yen. Investor sentiment was also hurt by the resignation of Defence Minister Tomomi Inada over a series of gaffes, missteps and a cover-up at her...
BEIJING, July 27- Earnings for China's industrial firms in June rose at the fastest pace in three months in the latest sign economic momentum in the country remains solid, though analysts expect growth to slow later this year as tighter policies begin to bite. Profits surged 19.1 percent in June from a year earlier to 727.78 billion yuan, the National Bureau of...
The deal comes after Monsanto, the world's largest seed company, terminated in May its agreement to sell the unit, Precision Planting LLC, to machinery maker Deere& Co, amid regulatory pressure. The U.S. Department of Justice had filed a lawsuit to block the sale, arguing the deal could make it more expensive for farmers to use fast, precise planting technology.
The construction manufacturer beat second-quarter earnings estimates on both EPS and revenue.
The "Squawk on the Street" news crew parse the numbers on Caterpillar's quarterly results.
*Q2 core profit SEK 8.54 bln vs forecast 8.48 bln. STOCKHOLM, July 19- Swedish truck maker Volvo raised its forecast for the North American market on Wednesday after a solid second quarter that saw order intake pick up across the group. "Recent trends on the truck markets continue with good demand in Europe, including a distinct recovery in Russia, and a gradual...
Anand Mahindra, Mahindra Group chairman, discusses the Indian industrial giant's billion-dollar investment in the U.S. including a factory in Detroit with the pledge to add thousands of jobs to the local economy.
LONDON, July 11- European shares made modest gains for a second session on Tuesday as strength among miners and banks lent a helping hand. Basic resources stocks supported the index, up 1 percent, with Anglo American the top FTSE gainer. Construction equipment company Travis Perkins was lifted by a positive update from peer Galliford Try, which said it saw...
**Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. **Elliott Management Corp, the largest creditor of the bankrupt parent of Texas power transmission company...
**Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. **Elliott Management Corp, the largest creditor of the bankrupt parent of Texas power transmission company...
*FTSE 100 up 0.2 pct. LONDON, July 7- Falls in energy and bank stocks dampened an otherwise positive week for Britain's top share index, while changes in broker recommendations prompted moves in easyJet, WPP and Royal Mail. "Regardless of what OPEC try and do, it seems the supply overhang is preventing any kind of sustainable rally," Ian Williams, strategist at Peel Hunt,...
