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Capital Goods Machinery

  • WASHINGTON— U.S. industrial production rose 0.2 percent in November due to a rebound in extracting oil and natural gas after a stoppage due to Hurricane Nate. The Federal Reserve said Friday that mining activity climbed 2 percent last month, while manufacturing activity rose 0.2 percent. Production of machinery and primary metals contributed to gains in 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...

  • *Oct core machinery order +5.0 pct m/m vs consensus +3.0 pct. TOKYO, Dec 13- Japanese machinery orders bounced back in October with a faster increase than expected, re-affirming the resilience of capital spending- a key driver in the economy's near two-year expansion. "Machinery orders from manufacturers were especially strong in October," said Daiju Aoki, UBS...

  • 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...

  • 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...

  • 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.

  • HAVANA, Nov 1- Rimco, Caterpillar Inc's dealer for Cuba, said on Wednesday it would open a distribution center for the U.S. heavy equipment maker at Havana's Mariel special development zone. The United States has said it would vote against a U.N. General Assembly resolution on Wednesday calling for the lifting of the decades-old U.S. economic embargo against Cuba,...

  • 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...

  • DETROIT, Oct 24- General Motors Co posted stronger-than-expected pre-tax profit for the third quarter on Tuesday, helped by cost-cutting and a shift to higher-margin trucks and sport utility vehicles, and its shares jumped to a record high. GM, rival Fiat Chrysler Automobiles NV, and heavy machinery maker Caterpillar Inc all are benefiting from a strong U.S....

  • Caterpillar surged 6.6 percent in early trading on Tuesday to hit a record high of $140.43, pushing the blue-chip index to an all-time high. The world's largest construction and mining equipment maker reported profit and sales that trumped Wall Street expectations on strong demand for its construction equipment in North America and China.

  • Greg Hayes

    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.

  • TOKYO, Oct 10- The revelation that Japan's third-biggest steelmaker Kobe Steel Ltd fabricated data for some of its aluminium and copper products has left affected manufacturers scrambling to pin down the potential impact. The products were shipped to around 200 companies which include some of Japan's most recognisable names:. Japan's largest automaker...

  • STOCKHOLM, Oct 9- Ericsson has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Johansson as chairman, pending a shareholder vote planned for March 28.

  • STOCKHOLM, Oct 9- Ericsson has picked Ronnie Leten, the former boss of mining gear maker Atlas Copco, as its new chairman, as the mobile equipment company battles to revive its fortunes. Ericsson has been hit hard by competition from China's Huawei and Finland's Nokia as well as weak emerging markets and falling spending by telecoms operators, with demand for...

  • 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.