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Capital Goods 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...

  • What's working: Three 'unique' industrial plays

    Ann Duignan, JPMorgan machinery & multi-industry analyst, provides a look at three investment opportunities in the industrial space.

  • 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...

  • 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,...

  • Aug 1- Caterpillar Inc said on Tuesday its Chief Financial Officer Brad Halverson would retire in early 2018, after spending nearly three decades with the world's largest construction and mining equipment maker. Halverson, who is also the group president of the company, has served in the current roles since January 2013. His retirement comes at a time when...

  • Aug 1- Caterpillar Inc said on Tuesday its Chief Financial Officer Brad Halverson would retire in early 2018.. The world's largest construction and mining equipment maker said it would launch an external search to fill the CFO position. Halverson, who is also currently the group president of the company, joined Caterpillar in 1988 as an accountant.

  • TOKYO, July 28- Japan's Komatsu Ltd reported a 76 percent surge in first-quarter profit due to a doubling in sales of earth-moving equipment in China, the latest sign of a global recovery in spending in the construction and mining sector. The company said operating profit for the three months through end-June rose to 52.4 billion yen from 29.8 billion yen in the...

  • 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.

  • China constructuion and North American gas compression were bright spots for Caterpillar

    CNBC's Morgan Brennan takes a look at the details of Caterpillar's quarterly results as the stock soars on outlook.

  • In the sweet spot for Caterpillar right now: Jefferies' Stephen Volkmann

    Ann Duignan, JPMorgan managing director and machinery analyst, and Stephen Volkmann, Jefferies machinery analyst, discuss Caterpillar's quarterly earnings report.

  • July 25- Caterpillar Inc reported quarterly profit and revenue that handily beat estimates, helped by strong demand for its construction equipment in China, and the company raised its outlook for the year, sending its shares up 5 percent. The world's biggest construction and mining equipment maker said it now expects 2017 sales and revenue of $42 billion to $44...

  • 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...

  • TOKYO, June 30- Japan's industrial output fell 3.3 percent in May from the previous month due to lower production of cars and construction equipment, preliminary government data showed on Friday, in a sign of a temporary lull in manufacturing activity. The result compared with the median estimate of a 3.2 percent decline in a Reuters poll of economists.

  • Apple Inc customers will soon have more choices as the company looks to reduce long wait times for iPhone repairs at its retail stores.

  • SAN FRANCISCO, June 7- Hey Siri, where can I get my cracked iPhone screen fixed? Among the first recipients is Minneapolis- based Best Buy, which has long sold and serviced Apple products. The electronics retailer already has one of the screen-repair machines at a Miami- area store and one coming soon to an outlet in Sunnyvale, California.

  • June 1- Deere& Co said on Thursday it would buy privately held German company Wirtgen Group for about $4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere's share rose 3.1 percent to $126.29 in premarket trading, and were set to open at their highest ever. "The acquisition will help Deere...

  • MILAN, May 31- European shares opened flat on Wednesday, weighed by a fall in mining stocks and lifted by a big rise for Ericsson after an activist investor bought a stake in the telecoms equipment firm. The FTSE rose 0.2 percent, helped by a weaker pound which fell after a new poll showed Britain risks a hung parliament following a June 8 election.

  • May 19- Deere& Co raised its full-year sales and profit forecast for the second time, as demand improves for its farm and construction equipment, particularly in South America, sending its shares to a record high of $122.22. The company said it expected fiscal 2017 industry sales of tractors and combined harvesters in South America to be at the high-end of its...

  • *Sees FY 2017 profit of about $2 bln, up from $1.5 bln. *Q2 profit $1.94/ shr vs est $1.68. "We are seeing modestly higher overall demand for our products, with farm machinery sales in South America experiencing a strong recovery," Chief executive Samuel Allen said in a statement.