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Capital Goods Machinery

  • 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.

  • 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...

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

  • Should you buy Caterpillar?

    Debating whether investors should be in Caterpillar with the stock up 20-percent since the election, with Gordon Johnson, Axiom Capital head of research, and Stanley Elliott, Stifel.

  • This company wants to save New Zealand's beaches by pulverizing beer bottles into sand

    A brewery in New Zealand designed a machine that crushes beer bottles into a sand substitute to save the country's beaches.

  • Dual cameras are a trend now: ASM Pacific CEO

    Lee Wai Kwong, CEO of ASM Pacific Technology, talks about the precision technology needed to produce high-tech camera equipment.

  • Japan's October core machinery orders rose for the first time in three months to beat expectations.

  • Yen depreciation favorable for corporate profits: Economist

    The authorities are likely to be comfortable with the current level of the Japanese yen, says Nomura's Takashi Miwa.

  • Japan's core machinery orders fell 2.2 percent in August from the previous month, in a sign of fragility in capital expenditure.