Caterpillar Stories
Caterpillar 1st-quarter profit beats Street View
Caterpillar Inc reported a 29 percent rise in first-quarter profit on Wednesday and beat analyst expectations thanks to continued demand for replacement machinery in North America and growth in its mining business.
US Futures Up Ahead Of FOMC Statement; Apple Shares In Focus
Futures on major US stock indices point to higher opening on Wednesday ahead of the US Federal Reserve?s meeting and durable goods order data.
Caterpillar Inc. (CAT) Earnings Preview: Upside Surprise Expected in Q1
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report strong first-quarter profit on mining company demands and consumers' need to replace aging equipment.
GE 1Q Earnings, Revenue Top Street's Forecast
General Electric Co topped Wall Street's profit and revenue forecasts for the first quarter, helped by strong demand for energy equipment and railroad locomotives.
US Stock Index Futures Signal Early Gains
Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.55 percent, Dow Jones futures up 0.42 percent and Nasdaq 100 futures up 0.59 percent at 3:34 a.m. EDT (0734 GMT).
Wall Street Plummets Below Key Support Level
Wall Street felt tremors Tuesday afternoon as the S&P 500 Index, Nasdaq Composite Index and Dow Jones Industrial Average both dropped precipitously following declines in European equity markets.
Stocks Tank on Lackluster Data, Commodities: Daily Markets Wrap
Stocks fell Wednesday as investors were disappointed by a weaker-than-expected reading on durable goods orders, while a plunge in oil prices dragged energy and material shares lower.
Caterpillar Expanding Chinese Manufacturing Capacity
Heavy equipment maker Caterpillar Inc. (NYSE: CAT) is expanding a Chinese manufacturing facility by 80 percent, the U.S. company said Wednesday.
Stocks Soar On US Retail Sales, German Investor Confidence: Daily Markets Wrap
Stocks shot up Tuesday, propelled by a strong U.S. retail sales report, a German investor confidence survey and a statement by the Federal Open Market Committee noting improvement in household and business spending as well as job creation.
China Economic Slowdown: Could It Bring Jobs Back To The US?
The global markets tumbled this week, due in part to concerns about China's slowed economic growth. There are several reasons, however, why China's economic slowdown could actually benefit the U.S., despite the market's immediate reaction. One reason is the possible return of jobs to the United States' manufacturing sector.
Stocks Slump on Fears over Greece, Global Growth: Daily Markets Wrap
U.S. stocks finished Tuesday with the worst one-day decline so far in 2012 as a sell-off spread from Europe driven by fear of a disorderly default in Greece and a slowdown in global economic growth.
China Growth, Greece Deal Weigh on Stocks: Daily Markets Wrap
U.S. equities sank, mirroring falls across Asia and Europe Monday after China cut its growth target. Worries over whether Greece can entice enough private investors to participate in a bond swap deal also dampened investors' sentiment.
Caterpillar Takeover of Japanese JV
Caterpillar Inc. (NYSE: CAT), the world's biggest heavy machinery maker, will pay about $447 million to Mitsubishi Heavy Industries Ltd. to gain sole control of their joint venture, Caterpillar Japan Ltd.
January Business Borrowing up from Year Ago
Borrowing by U.S. companies to buy equipment jumped in January from a year ago, though it slid from December's rush to close loans before year-end, and credit quality improved to pre-recession levels, the Equipment Leasing and Finance Association said on Friday.
Market Declines After Hitting Technical Wall
Stocks gave up gains on Wednesday as the S&P 500 hit a technical barrier near a nine-month high and Apple shares erased a 3 percent advance.
Stock Market Drops After Hitting Technical Wall
U.S. stocks gave up gains on Wednesday as the S&P 500 hit a technical barrier near a nine-month high and Apple shares erased a 3 percent advance.
Deere & Company 1Q Earnings Top Estimates on Strong Farm Income
Deere & Co., the world's largest maker of farm tractors and combines, reported a 3.7 percent fiscal first quarter earnings increase that topped analysts' estimates, as U.S. farmers flush with cash update aging fleets.
Deere & Company Earnings Preview: Q1 Boosted by U.S. Farm Income
Deere & Co., the world's largest maker of farm tractors and combines, is expected to report strong fiscal first quarter results as U.S. farmers flush with cash update aging fleets and Deere's products gain greater acceptance in Brazil.
Caterpillar to close London, Ont. locomotive plant
Caterpillar Inc has decided to close its Electro-Motive locomotive plant in London, Ontario, and lay off at least 450 workers following several months of unsuccessful contract negotiations with the Canadian Auto Workers union.
Veterans help manufacturers plug skills gap
Three years ago Gabe Collins was on the front line in Kandahar province, one of the most dangerous places in war-ravaged Afghanistan, conducting search and rescue missions with the U.S. Navy.
Wall Street Starts February Strong on Factory Data, Greece
Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors.
ISM Manufacturing Index Rises to 54.1% in January
U.S. manufacturing activities expanded at a faster pace in January, according to a closely-watched reading on the health of the sector in a demonstration that manufacturing is starting out the year on a positive note.
Cummins 4Q Earnings Preview: Engine Demand, Construction Recovery Expected to Boost Manufacturer
The Columbus, Ind.-based company is expected to earn $424 million, or $2.24 per share, up from 362 million or $1.84 per share in the year earlier period, estimates carried by Thomson Reuters said. Analysts expect revenue of $4.7 billion, up from $4.1 billion in the year earlier period.
Bruised by Icahn Fight, Oshkosh Ups Accountability
Even in defeat, Carl Icahn can change companies.
U.S. Stocks Pull Back from Gains; Fed Hurts Dollar
U.S. stocks sagged on Thursday as traders cashed in on red-hot bank and technology shares, while the Federal Reserve's commitment to easy money to help the U.S. economy rebound weakened the dollar.
Caterpillar profit jumps 58 percent
Caterpillar Inc reported a 58 percent rise in quarterly earnings that blew away Wall Street expectations on record sales of construction and mining equipment, and projected strong growth for 2012.
Wall Street Falls on Weak Housing Data
Stocks fell on Thursday, interrupting a recent rally, as investors booked profits after weaker-than-expected housing data.
Caterpillar Continues Strong Run
Caterpillar Inc reported a 58 percent rise in quarterly earnings on Thursday that blew away Wall Street expectations and it projected strong growth for 2012 despite global economic uncertainly.
Caterpillar 4Q up 58% on Rising Global Demand
Caterpillar Inc (CAT.N) reported a 58 percent rise in quarterly earnings that far exceeded Wall Street expectations on Thursday due to increased global demand for construction machinery and mining equipment.
Caterpillar profit surges past expectations
Caterpillar Inc reported a 58 percent rise in quarterly earnings that far exceeded Wall Street expectations on Thursday due to increased global demand for construction machinery and mining equipment.