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Machinery Construction and Farm Machinery

  • TORONTO, Dec 15- Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while financial stocks and base metal miners also gained. *Linamar surged 11.5 percent to C $72.50 after saying after the bell on Thursday it had agreed to buy privately held MacDon Group...

  • TORONTO, Dec 15- Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp after it announced plans to buy an agricultural equipment maker, while natural resources stocks also boosted the move higher. *Linamar gained 7.8 percent to C $70.09 after saying after the bell on Thursday it had agreed to buy privately held MacDon...

  • TORONTO, Dec 15- Canada's main stock index gained in early trading on Friday, as auto parts maker Linamar Corp jumped on news of a C $1.2 billion deal to buy an agricultural equipment maker, and heavyweight energy and financial stocks also rose. The Toronto Stock Exchange's S&P/TSX composite index was up 60.76 points, or 0.38 percent, at 16,077.22 shortly after the...

  • Dec 14- Canadian auto parts maker Linamar Corp said on Thursday it agreed to buy privately held MacDon Group of Cos for C $1.2 billion, to strengthen its presence in the agricultural equipment market. Winnipeg, Manitoba- headquartered MacDon designs and manufactures specialized agriculture harvesting equipment such as drapers and self-propelled...

  • Finisar Corp., up $4.41 to $23.71. Western Digital Corp., up $1.86 to $83.63. Lumentum Holdings Inc., down $1.47 to $50.28.

  • STAMFORD, Conn.— The Massachusetts company that for nearly 140 years has supplied the paper used to make U.S. currency has been sold for $800 million to a similarly named Connecticut company. Stamford, Connecticut- based Crane Co. on Tuesday announced that it has agreed to buy 100 percent of the equity interests in Boston- based Crane& Co. Inc.— also known as Crane...

  • SAO PAULO, Dec 4- Canadian farm equipment maker Ag Growth International Inc plans an aggressive expansion through acquisitions in Brazil following the overhaul of its first South American plant, which it bought last year, a senior executive said. AGI spent $40 million to buy and modernize the factory in Sao Paulo state and plans to recover that investment in...

  • *Overseas demand expected to help Japan's economy. TOKYO, Nov 30- Japan's industrial output rose less than expected in October, but companies forecast production to rise strongly in November and December as robust overseas demand continues to support factory activity and broader economic growth. "I expect the economy to continue expanding," said Shuji...

  • Deere said equipment net sales in the United States and Canada surged 23 percent in the fourth quarter ended Oct. 29, while sales in other markets jumped 30 percent. "We saw higher overall demand for our products with farm machinery sales in South America making especially strong gains and construction equipment sales rising sharply," Deere Chief Executive...

  • Nov 22- U.S. tractor maker Deere& Co on Wednesday forecast strong earnings for the coming fiscal year, while reporting fourth-quarter results ahead of Wall Street estimates, as it benefits from improving demand for farm machinery. Deere said equipment net sales in the United States and Canada rose 23 percent in the fourth quarter ended Oct. 29, while sales in other...

  • A John Deere excavator on display at the CONEXPO show in Las Vegas.

    U.S. tractor maker Deere's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets.

  • Nov 22- U.S. tractor maker Deere& Co's profit rose 79 percent year-over-year in the fourth quarter, as it sold more farm machinery in overseas markets, particularly in South America. Moline, Illinois- based Deere said on Wednesday net income attributable to the company rose to $510.3 million or $1.57 per share in the quarter ended Oct. 29, from $285.3 million or 90...

  • Mahindra North America CEO

    Mahindra North America CEO Mani Iyer speaks to CNBC's Michelle Caruso-Cabrera about the Indian tractor manufacturer's U.S. expansion plans and what tax reform would do for his company.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. "Youll be able to travel from LA to San Francisco, and back, at highway speed without recharging.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. The Thursday unveiling of two products, including the unexpected Roadster, drew roars of applause from a selected...

  • TOKYO, Oct 31- Japan's industrial output fell 1.1 percent in September, government data showed on Tuesday, due to a decline in production of electronic parts and construction equipment. The result compared with a median market forecast for a 1.5 percent decline and followed a revised 2.0 percent increase in August. Manufacturers surveyed by the Ministry of...

  • Caterpillar earth moving equipment.

    The world's biggest construction and mining equipment maker reported a 25 percent jump in quarterly revenue on Tuesday.

  • 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...