Machinery Manufacturing
Summary Box: Sales growth lifts Caterpillar profit
Jul 22, 2010 15:51 EDT
Summary Box: Caterpillar posts 91 percent surge in second-quarter earnings on sales growth. BIG IMPROVEMENT: Machinery maker Caterpillar's second-quarter earnings surged 91 percent, helped by gains in sales of its equipment for industries like mining, infrastructure and energy.
Caterpillar's June retail sales up 22 pct
Jul 22, 2010 15:48 EDT
Caterpillar says June equipment retail sales rise 22 percent, increase for 2nd straight month. Heavy machinery maker Caterpillar Inc. saw retail sales rise 22 percent in June, the company said in a regulatory filing Thursday.
Xerox profit beats street
Jul 22, 2010 07:39 EDT
NEW YORK (Reuters) - Xerox Corp <XRX.N> posted a higher-than-expected second quarter profit on Thursday, fueled by solid demand for printing and outsourcing services, and the company boosted its full-year outlook.
Idex shares gain after 2Q results top estimates
Jul 20, 2010 15:21 EDT
Idex shares gain after 2nd-quarter results top Wall Street estimates. Shares of Idex Corp., a maker of pumps and valves, climbed Tuesday after the company's second-quarter results topped Wall Street forecasts.
ExxonMobil, Caterpillar extend supply agreement
Jul 19, 2010 14:49 EDT
ExxonMobil says it has extended a multiyear agreement to supply Caterpillar with lubricants. ExxonMobil Corp. said Monday it has signed a multiyear agreement to manufacture lubricants for Caterpillar Inc. factories and dealers.
US rig count increases by 4
Jul 16, 2010 13:44 EDT
US rig count increases by 4 to 1,571. The number of rigs actively exploring for oil and natural gas in the U.S. increased by four this week to 1,571.
S&P raises Kennametal outlook
Jul 15, 2010 17:06 EDT
S&P raises outlook for Kennametal, affirms rating. Standard & Poor's raised its outlook for engineered products maker Kennametal Inc. Thursday, citing improving profitability and better cash flow in recent quarters.
ASML bounces back to Q2 profit on strong sales
Jul 14, 2010 10:34 EDT
Semiconductor equipment supplier ASML Q2 profits soar thanks to strong demand from chip makers. ASML Holding NV, a key supplier to computer chip makers like Intel and Samsung, said Wednesday it bounced back to a profit in the second quarter due to a sharp rebound in demand ? a further sign the technology sector is recovering quickly.
ASML bounces back to Q2 profit on strong sales
Jul 14, 2010 10:17 EDT
Semiconductor equipment supplier ASML Q2 profits soar thanks to strong demand from chip makers. ASML Holding NV, a key supplier to computer chip makers like Intel and Samsung, said Wednesday it bounced back to a profit in the second quarter due to a sharp rebound in demand ? a further sign the technology sector is recovering quickly.
Novellus Systems returns to profit in 2Q
Jul 12, 2010 16:54 EDT
Novellus Systems reports 2nd-quarter profit as demand for electronics restarts chip industry. Novellus Systems Inc., which makes equipment for producing computer chips, said Monday it posted a profit in the second quarter as the economic recovery that has bolstered the technology sector in recent months helped the company come back from a loss last year.
Circor unit files for bankruptcy over asbestos claims
Jul 12, 2010 08:24 EDT
(Reuters) - Industrial machinery maker Circor International's <CIR.N> subsidiary Leslie Controls Inc filed for Chapter 11 bankruptcy on Monday in a bid to isolate and resolve asbestos-related personal injury claims.
Farmer plans Finland to Italy tractor marathon
Jul 09, 2010 11:12 EDT
A Finnish farmer plans to drive his new tractor nearly 2,700 kilometres (1,675 miles) from central Finland to his farm in Italy to raise money for a Latvian orphanage, the tractor maker said Friday.
Applied Materials spent $320,000 on lobbying in 1Q
Jul 06, 2010 06:35 EDT
Applied Materials spent $320,000 lobbying government on renewable energy legislation in 1Q. Applied Materials Inc. spent $320,000 lobbying the federal government in the first quarter of the year on energy legislation and other issues.
MAN extends CEO's contract through 2016
Jul 02, 2010 07:54 EDT
German truck maker MAN gives 5-year contract extension to CEO Pachta-Reyhofen. German truck and machinery maker MAN SE has extended Chief Executive Georg Pachta-Reyhofen's contract by five years until June 2016.
FMC Technologies names new director to board
Jul 01, 2010 09:04 EDT
Executive of investment firm Iposeira Capital joins FMC Technologies' board of directors. FMC Technologies Inc., which makes equipment used in the oil, food and aviation industries, said Thursday that a founding partner of the investment firm Iposeira Capital is joining its board.
Congress-backed bank reaches deal in Bucyrus sale
Jun 30, 2010 17:27 EDT
Congress-backed bank agrees to approve $600M in loan guarantees stemming from Bucyrus deal. Word of a deal that could save 1,000 jobs across 13 states, including 300 in Wisconsin, broke Wednesday just hours before President Barack Obama spoke about the economy at a town hall meeting.
Congress-backed bank reaches deal in Bucyrus sale
Jun 30, 2010 14:52 EDT
Congress-backed bank agrees to approve $600M in loan guarantees stemming from Bucyrus deal. Word of a deal that could save 1,000 jobs across 13 states, including 300 in Wisconsin, broke Wednesday just hours before President Barack Obama was to speak at a town hall meeting on the economy.
US rig count increases by 13
Jun 25, 2010 14:03 EDT
US rig count increases by 13 to 1,552. The number of rigs actively exploring for oil and natural gas in the U.S. increased by 13 this week to 1,552.
Summary Box: Winners, losers from a stronger yuan
Jun 21, 2010 18:32 EDT
Summary Box: Stronger yuan raises buying power for Chinese, but some US companies could suffer. CURRENCY CHANGE: China's decision to allow its currency to appreciate against the dollar will benefit some U.S. manufacturers but could harm retailers. For other industries, such as consumer electronics, it could both hurt and help.
CNH Global to sell $1 billion in bonds
Jun 21, 2010 17:51 EDT
CNH Global to sell $1 billion in bonds, use proceeds to pay off debt to majority owner. Dutch equipment maker CNH Global N.V. said Monday it plans to offer $1 billion in seven-year bonds to pay back older debt.
