IBM has secured a patent for a "coffee drone" — it not only delivers you coffee but can predict when you need the next cup, USA Today reports. » Read More
By: Thomas Franck
"Caterpillar's monthly retail sales growth is beginning to slow, and appears to be past its peak," Bank of America says. » Read More
By: Kevin Breuninger
The machinery manufacturer also raises its 2018 profit outlook by $2 a share over the previous quarter. » Read More
President Trump says he is a champion of manufacturing, but his steel tariff plan is worrying Wall Street.
U.S. tractor maker Deere said on Friday net sales and revenues rose 23 percent year-on-year to $6.91 billion in the quarter ending Jan. 28.
Following a strong earnings report last quarter, Caterpillar's year-over-year revenue growth is expected to surge more than 25 percent.
Shares of Caterpillar rise after J.P. Morgan upgrades the stock, citing another strong year ahead.
United Tech reported a 7.8 percent drop in profit on Tuesday, partly as it spends on increasing production of its fuel-saving geared turbofan aircraft engines.
Japan's October core machinery orders rose for the first time in three months to beat expectations.
Japan's core machinery orders fell 2.2 percent in August from the previous month, in a sign of fragility in capital expenditure.
Japan's core machinery orders rose 8.3 percent in June from the previous month, in a sign that capital expenditure was starting to recover.
The markets may look like they’re running amok heading into the lunar new year but not for long, predicts brokerage CLSA.
Japan's machinery orders rose 2.9 percent on month in March, slightly better than the 1.8 percent forecast from a Reuters poll of economists.
Companies – even new ones – appear to be skipping out on capex, but that spending may just not get counted because your kid is playing with it, UBS said.
The Supreme Court on Monday strikes down an appeals court ruling that favored consumers who bought Sears front-loading washing machines.
Deere reported higher earnings and forecast a record profit for the full year, even as it warned about "global financial pressures" and "adverse weather patterns."
Japan's machinery orders rose in February at the fastest pace since mid-2011 in a sign that capital expenditure could pick up this year as business confidence is boosted.
Deere, the world's largest farm equipment maker, reported first-quarter results above analysts' expectations as farmers geared up to plant the biggest corn crop in U.S. history.
Japan's core machinery orders rose for a second straight month in November in a sign that companies may gradually increase capital spending, but uncertainty over the global economy could continue to pressure the Bank of Japan to ease policy.