Machinery Manufacturing

Indian tractor maker 'seeking Aston Martin stake'

2012-11-26T12:54:42Z

India's Mahindra & Mahindra group, the world's biggest tractor manufacturer, is the frontrunner in a bidding war to buy a large stake in flashy British sportscar maker Aston Martin, a report said Monday.

Indian tractor maker bids for Aston Martin: report

2012-11-26T11:47:11Z

Komatsu profits drop on weak China demand

2012-10-30T10:41:54Z

Japan's top construction machinery maker Komatsu said Tuesday its net profit dropped 30.2 percent in the first six months to September, citing weak demand in China and the yen's strength against the euro.

European stocks slip amid BP-Rosneft mega deal

2012-10-22T16:46:08Z

European shares fell on Monday as investors digested a blockbuster deal that leaves British oil group BP with nearly a fifth of the Russian giant Rosneft, and also took stock of a souring outlook from the heavy equipment maker Caterpillar.

Caterpillar posts best Q3, but cuts 2012 forecast

2012-10-22T14:04:33Z

Caterpillar Inc., the world's top construction equipment maker, reported its best third quarter on Monday but lowered its full-year forecast, citing global uncertainties.

Venezuela's voting system is secure: Carter Center

2012-10-06T02:24:06Z

Venezuelans have no reason to fear the secrecy of their ballots will be compromised by a new electronic voting system when they vote in presidential elections, the Carter Center said.

Mahindra opening engineering center near Detroit

2012-09-18T23:47:37Z

Mahindra & Mahindra Ltd. the Indian utility vehicle and farm equipment maker, announced Tuesday it was opening a technical center near Detroit to supply engineering services to the huge US car industry.

S. Korea firms in joint venture pay tax to N. Korea

2012-07-11T05:50:20Z

South Korean firms at a joint industrial estate in North Korea have paid about $160,000 in tax to the North as their businesses thrive despite political tensions, an official said Wednesday.

Intel pumps billions into computer chip tool maker

2012-07-10T01:30:41Z

Intel Corporation announced that it will pump billions of dollars into ASML Holding during the next five years to speed up advances in tools for making computer chips.

Caterpillar profits jump 29% in Q1

2012-04-25T12:47:11Z

Strong demand in the global mining sector helped Caterpillar boost earnings by 29 percent in the first quarter, despite slower sales growth in China and Brazil, the company said Wednesday.

Japan's Canon boosts full-year profit outlook

2012-04-25T09:02:34Z

Japanese high-tech giant Canon said Wednesday it was boosting its full-year profit outlook to $3.6 billion, predicting that a weaker yen and strong sales of high-end cameras would help its balance sheet.

Rising chip foundry spend to boost Applied Materials 2nd quarter

2012-02-17T00:09:52Z

(Reuters) - Chip-equipment maker Applied Materials expects a strong recovery in the second quarter, as orders pick up in an industry beset by a year-long slump.

Deere profit beats expectations; raises forecast

2012-02-15T12:27:23Z

(Reuters) - Deere & Co reported a 4 percent rise in quarterly earnings on Wednesday due to growing demand for farming and construction machinery and higher prices.

Market declines after hitting technical wall

2012-01-30T10:27:09Z

NEW YORK (Reuters) - 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 declines after hitting technical wall

2012-01-30T10:27:09Z

NEW YORK (Reuters) - 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.

Apple falls, drags Wall Street lower

2012-01-30T10:27:09Z

NEW YORK (Reuters) - Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

Apple falls, and Wall Street follows

2012-01-30T10:27:09Z

NEW YORK (Reuters) - Stocks fell on Wednesday for the third session in four, with market direction largely dictated by the swings in shares of Apple, the largest company in the world.

Caterpillar piles up record profits

2012-01-26T19:42:20Z

Caterpillar, the world's leading heavy-equipment maker, on Thursday reported record profit for the fourth quarter and 2011 and said it was on a roll to higher profits this year.

Caterpillar profit surges past expectations

2012-01-26T13:08:52Z

(Reuters) - 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.

Caterpillar continues strong run

2012-01-26T13:08:52Z

(Reuters) - 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.