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.
Deere now expects fiscal 2017 net income attributable to the company to be about $2 billion, up from $1.5 billion previously. "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. Net income attributable to Deere rose to $802.4...
PARIS, May 15- European sales of agricultural machinery look set to rebound in 2017 after a three-year slump as rising demand in Germany and sectors like olive growing offset weakness in France, an industry group said. France, however, "is a big question mark," Adam said. France is the biggest crop producer in the EU but suffered the worst grain harvest in three decades...
In March, U.S. law enforcement officials had raided three of the heavy machinery manufacturer's Illinois facilities as part of an Internal Revenue Service probe related to profits earned by the company's Swiss unit.
HELSINKI, May 3- Finland's mining equipment maker Metso on Wednesday appointed Nico Delvaux as chief executive from Swedish rival Atlas Copco to lead growth plans after years of restructuring and weak demand. Metso, the maker of grinding mills and crushers for miners as well as valves and pumps for the oil and gas industry, has been battling tough market...
CHICAGO, May 1- Monsanto Co has terminated an agreement to sell its Precision Planting LLC farm equipment business to machinery maker Deere& Co, the companies said on Monday, ending a legal fight with antitrust authorities over the deal. The U.S. Department of Justice last August filed a lawsuit to block the sale, arguing the deal could make it more expensive for...
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.
A brewery in New Zealand designed a machine that crushes beer bottles into a sand substitute to save the country's beaches.
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.
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.
Japanese companies have been making record profits but capital expenditure remains weak, says Japan Macro Advisors' Takuji Okubo.
The “Fast Money” traders and Stephanie Link, TIAA Global Asset Management, discuss the trade on Caterpillar following Goldman Sachs' call to upgrade the stock to buy.
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.
Brett King, Moven Founder & CEO and "Augmented: Life in the Smart Lane" author, discusses the future of artificial intelligence and automation in the workforce.
The markets may look like they’re running amok heading into the lunar new year but not for long, predicts brokerage CLSA.
Machinery stock analyst Ann Duignan of J.P. Morgan talks about how China and currencies impact Caterpillar's results.