U.S. Economy: Pending Home Sales Rise in Sign Market Steadying
2010-09-03 02:58:42
Quote: Uneven Recovery
A report yesterday showing manufacturing picked up in
August signaled any factory slowdown will not be broad-based as
companies like Caterpillar Inc. report increasing demand from
overseas while Cisco Systems Inc. and Intel Corp. are among
those lowering forecasts. Manufacturing, which accounts for
about 11 percent of the world’s largest economy, helped pull the
U.S. out of the worst recession since the 1930s.
John Herrmann, a senior fixed-income
strategist at State Stre...
Read articleMarkets start September with a bang; Dow up 255
2010-09-02 08:57:56
Keywords: Markets start September with a bang; Dow up 255, aapl,bkc,cat,etn,gab,ge
Quote: and Caterpillar Inc. were among the Dow's biggest gainers.Analysts cautioned that the gains, like many others the market has seen in recent weeks, could quickly pass. A bad surprise from the Labor Department's monthly report on employment, due out Friday, could investors back into hiding.The good news on manufacturing "gives some comfort, but that is only good until the next number," said Darell Krasnoff, managing director at Bel Air Investment Advisors.Even with its gains Wednesday, the Dow is ...
Read articleProfessional Research on Caterpillar and Joy Global -- There Was Joy in This Space Yesterday
2010-09-02 08:57:54
Keywords: Professional Research on Caterpillar and Joy Global -- There Was Joy in This Space Yesterday, cat,joyg
Quote: www.wallstreetequityresearch.com allows shareholders to gain full understanding of the economic and market forces influencing the farm & construction machinery industry, and offers free research on industry players Caterpillar CATNews) and Joy Global Inc. JOYGNewswww.wallstreetequityresearch.com to receive free research reports on these companies.The Farm and Construction Machinery industry has shown signs of recovery. With the U.S. manufacturing industry posting its 13th straight month of growt...
Read articleKey political risks to watch in the United States
2010-09-01 09:23:41
Keywords: United States,Government / Politics,National Government Debt,Debt / Fixed Income Markets,Elections / Voting,Labour / Personnel,China,Heavy Machinery / Vehicles,Machinery / Equipment / Components,Aluminium,Metal / Mining,Industrial conglomerates,Electrical
Quote: companies with most to
benefit from a stronger yuan include Caterpillar (CAT.N), Alcoa
(AA.N) and General Electric (GE.N) but they also stand to lose
from any tit-for-tat trade fight with Beijing. A yuan
revaluation might stimulate Chinese demands for commodities but
that could be offset by reduced export competitiveness. -- Taiwan lingers as a potential flashpoint in China's
relations with Washington but trade ties between the island and
Beijing have improved. A more likely diplomatic dispute w...
Read articleConstruction Equipment Industry Gears Up for Chinese Competition
2010-09-01 09:23:41
Quote: Jack Perkowski continues our serve-and-volley on the future of China’s construction equipment makers on his Managing The Dragon blog, and he brings out the Caterpillar(CAT) fanboy in me when he notes: How should Cat, Komatsu, and the other global leaders prepare for Chinese competition overseas? By far, the best way is to compete successfully with them in China.That is why the battle for the construction equipment market in China is so critically important. That seems obvious, but the next...
Read articleCaterpillar Expands in Brazil; Announces Location of New Facility and Investment in Piracicaba Operations
2010-09-01 09:23:40
Keywords: Caterpillar Expands in Brazil; Announces Location of New Facility and Investment in Piracicaba Operations, cat
Quote: The company has acquired an existing industrial facility in Brazil, located in Campo Largo, Parana State, that after upgrading will cover 50,000 square meters (538,195 square feet).The new facility in Campo Largo will manufacture backhoe loaders and small wheel loaders, which are currently produced at Piracicaba and are part of the machine line up for Caterpillar's Building Construction Products (BCP) Division."This new facility is an important investment for the long-term growth and success of ...
Read articleUPDATE - Joy Global Q3 profit beats, sees industry capex rebound
2010-09-01 09:23:40
Keywords: Heavy Machinery / Vehicles,Machinery / Equipment / Components,Business/Public Services,United States,China,Corporate Results,Results Forecasts / Warnings,Machinery / Equipment / Components,Industrial goods,Industrials,Volatile Shares / Hot Stocks,Asia/Pac
Quote: In June, earth-moving equipment giant Caterpillar Inc
(CAT.N) said it plans to launch a line of mining shovels, which
will compete with those offered by Bucyrus and Joy Global. For 2010, Milwaukee-based Joy Global now expects earnings
of $4.10-$4.15 a share, up from $3.85-$4.00 a share earlier. It
also narrowed full-year revenue forecast to $3.35-$3.4 billion,
from $3.3-$3.4 billion. The company said, ......
Read articleUS STOCKS-Technical support, short covering boost Wall St
2010-08-30 07:00:30
Keywords: United States,Equities Markets,Market Reports,Banking Services,Financials,Financials,Semiconductors,Semiconductors / Semiconductor Equipment,Arts / Culture / Entertainment,Heavy Machinery / Vehicles,Machinery / Equipment / Components,Aerospace/Defence,Aer
Quote: Stocks that benefit from a strong economy were among the
day's winners, with Caterpillar Inc (CAT.N) and Boeing (BA.N)
lifting the Dow. Caterpillar rose 3 percent to $65.90 and
Boeing gained 3 percent to $63.16. Shares of 3PAR Inc (PAR.N) surged 24.7 percent to $32.46
after Hewlett-Packard Co (HPQ.N) again raised its buyout offer
for the data storage company, leapfrogging a bid from Dell Inc
(DELL.O). HP, a Dow component, dipped 0.6 percent to $38, while
Dell rose 1.2 percent to $11.89. [ID:nASA...
Read article[$$] DuPont, Alcoa Rally the DJIA
2010-08-30 07:00:29
Quote: BY DONNA KARDOS YESALAVICH Stocks climbed Friday, with DuPont, Alcoa and Caterpillar leading broad gains, but lost ground on the week. The Dow Jones Industrial Average rose 164.84 points, or 1.7%, to 10150.65, its biggest one-day gain since Aug. 2. Still, the measure declined 0.6% this week, its third week in a row in the red. It is now off 3% for the month and it has fallen 2.7% this year. In Friday's session, DuPont rose 1.52, or 3.9%, to $41.01, while Alcoa advanced 31 cents, or 3.1%, to ...
Read articleTechnical support and short covering boost stocks
2010-08-30 07:00:29
Keywords: Technical support and short covering boost stocks, ^dji,^gspe,^ixic,ba,cat,cvx,dell,hpq,intc,par, stocks
Quote: Caterpillar rose 3 percent to $65.90 and Boeing gained 3 percent to $63.16.PARNewsHPQNewsDELLNews). HP, a Dow component, dipped 0.6 percent to $38, while Dell rose 1.2 percent to $11.89.^GSPENewsCVXNews) gained 2.2 percent to $74.93.About 7.99 billion shares traded on the New York Stock Exchange, the American Stock Exchange and Nasdaq, below last year's estimated daily average of 9.65 billion.Advancing stocks handily outnumbered declining ones on the NYSE by 2,608 to 392, while on the Nasdaq, ad...
Read articleCaterpillar unit adds A$50 mln to 2012 bond
2010-08-27 01:26:08
Keywords: Debt / Fixed Income Markets,New Issues,Australia,Asia/Pacific,Mortgage-Backed Markets,Asset backed securities,Market Events,Heavy Machinery / Vehicles,Machinery / Equipment / Components,United States,Industrial goods,Industrials,Machinery / Equipment / Co
Quote: Thu Aug 26, 2010 6:17pm EDT
(For the latest Australia and New Zealand bond news, double
click on [AU/CRD] and then double click on the ID number) SYDNEY, Aug 27 (Reuters) - Caterpillar Financial Australia
Limited (CFAL) has added A$50 million ($44 million) to a
two-year note at 120 basis points over BBSW, sole lead ANZ
said. CFAL is a subsidiary of Caterpillar Financial Services
Corporation (Cat Financial), the guarantor of the notes. Cat
Financial is wholly owned by Caterpillar Inc (CAT.N). Th...
Read articleU.S. Stocks Slump as Durable Goods Falter
2010-08-25 10:28:17
Quote: economic recovery.The Dow Jones Industrial Average fell 66 points, or 0.7%, to 9974.31, weighed down by Caterpillar, which fell 1.9%. The Standard & Poor's 500-stock index slipped 0.8% to 1043.84, while the Nasdaq Composite Index dropped 0.8% to 2107.90.Investors were let down by weaker-than-expected demand for U.S. manufactured durable goods, which rose by just 0.3% in July, weighed by declines outside the transportation sector, offering more signs that U.S. manufacturing growth is under pr...
Read articleThe Battle For Chinas Construction-Machinery Market
2010-08-24 04:27:11
Quote: Through July, Doosan, Komatsu, Hitachi,Hyundai and Caterpillar accounted for 75% of excavator sales.Sany, Yuchai, Liugong and Lonking, the major local players, accountedfor most of the balance. China Yuchai International Limited (CYD) islisted on the New York Stock exchange and is China’s largest dieselengine company, while Sany Heavy Industry Co., Ltd. (Reuters: 600031.SSand Bloomberg: 600031 CH) is a substantial company with sales of $4.0billion and a market capitalization of $6.4 billi...
Read articleA Deal a Day Just Might Keep Bears Away
2010-08-24 04:27:10
Quote: Caterpillar’s (CAT) Doug Oberhelmantold investors that now is a good time to pursueacquisitions.Moving forward, large global companies are expected to be at theforefront of mergers and acquisitions. They have the ability to makelong-term strategic bets and pay high premiums (all incash) to secure smaller companies vital to their growth. Analystsexpect technology, energy, healthcare, and commodities sectors to leadin deal-making, as they are less exposed to financialdownturns.Global merger ...
Read articleAstrobotic teams with Caterpillar on lunar robot
2010-08-24 04:27:09
Quote: Astrobotic Technology, a Pittsburgh startup aiming to develop private moon exploration, this week named another major corporate sponsor of its work.Caterpillar Inc. is sponsoring the Carnegie Mellon University spin-off’s first trip to the moon, which is designed to capture the $24 million Google Lunar X Prize. The Peoria, Ill-based manufacturer is supplying in-kind support and cash, said Astrobotic President David Gump. Details of the cash sponsorship are not being released.“(Caterpi...
Read articleUS STOCKS-Economic woes trip up Wall St in light volume
2010-08-24 04:27:07
Keywords: United States,Equities Markets,Market Reports,Banking Services,Financials,Financials,Computer hardware,Computers / Office Equipment,Computer hardware,Semiconductors / Semiconductor Equipment,Semiconductors,Arts / Culture / Entertainment,Mining / Metals -
Quote: Caterpillar Inc
(CAT.N) gave up 2.9 percent at $66.84. The Nasdaq fared worse than the other two indexes,
extending losses late in the day as technology shares slipped.
Lingering concerns about the stalling economic recovery weighed
on tech. The Dow and S&P 500 have notched two straight weeks of
losses on gloominess over softer-than-expected data in recent
days. Investors will get more data this week, with July
existing-home sales due on Tuesday and the government's revised
reading for gross...
Read article[$$] Caterpillar Shares Can Inch Higher
2010-08-23 07:42:19
Quote: Caterpillar (CAT: NYSE)By Sterne, Agee & Leach ($69.29, Aug. 20, 2010) WE ATTENDED CATERPILLAR'S first analyst meeting under new Chief Executive Doug Oberhelman. Also presenting were Ed Rapp, chief financial officer, and Mike Dewalt, director of investor relations. Caterpillar management laid out a "high level" overview of the company's new business strategy for 2011 to 2015. The company reiterated its $8 to $10 per share 2012 goal and stated that it believes it can grow earnings per share by 1...
Read articleCaterpillar CEO upbeat about company, world economy
2010-08-23 07:42:18
Quote: The CEO of heavy equipment giant Caterpillar, which signed a definitive agreement in June to purchase CleanAir Systems Inc., a Santa Fe emissions-control manufacturer, reaffirmed the company’s sales and profit projections Thursday and also said at a meeting with analysts that he sees little chance of a double-dip recession.Doug Oberhelman said that Caterpillar (NYSE: CAT) expects 2012 profits of $8 to $10 a share on revenue of $55 billion to $60 billion, matching the forecast the Peoria, I...
Read articleCaterpillar CEO says no double-dip recession
2010-08-20 08:05:19
Keywords: Caterpillar CEO says no double-dip recession, cat
Quote: Caterpillar Inc. officials said Thursday they don't expect a double-dip recession because the world's central banks haven't made major errors and the economy has been improving throughout 2010, especially in the developing world.New CEO Doug Oberhelman and other executives met with analysts in New York and discussed the opportunities ahead for the world's largest maker of construction and mining equipment. The Peoria, Ill.-based company also affirmed its long-term profit goals."We don't think th...
Read articleUPDATE - Caterpillar CEO confirms 2012 goals, sees more M&A
2010-08-20 08:05:18
Keywords: Heavy Machinery / Vehicles,Machinery / Equipment / Components,United States,Canada,Results Forecasts / Warnings,Mergers / Acquisitions / Takeovers,Japan,Industrial goods,Industrials,Machinery / Equipment / Components,Company Events,Asia/Pacific,Labour / P
Quote: Kelleher and Scott Malone NEW YORK/BOSTON Aug 19 (Reuters) - Caterpillar Inc
(CAT.N)'s new chief executive, Doug Oberhelman, confirmed the
company's goal of more than doubling profit by 2012 and said he
sees opportunities for more takeovers. The world's largest maker of earth-moving equipment expects
its revenue to reach $55 billion to $60 billion by 2012, and
its profits to hit $8 to $10 a share, as long as the recovery
holds, Oberhelman said on Thursday. The target matches what
Caterpillar lai...
Read article