All Posts Tagged With: "CAT"
(BA) Stock Market News for August 31, 2011 – Market News
The fact that a third round of quantitative easing had found favor among a section of Fed members helped the benchmarks end with mild gains on Tuesday. Indices had been trending down initially and sentiment turned further negative following a disappointing consumer confidence...
(GDP) Stock Market News for August 29, 2011 – Market News
Wall Street registered its first weekly gains in more than a month as the Fed Chairman’s speech sparked hopes of economic stimulus and assured investors that the US is well on course for long-term economic growth. The tech sector helped push the markets higher on Friday,...
(AIG) American International Group Dropped to Underperform
We downgraded our recommendation on American International Group Inc. (AIG) to Underperform from Neutral based on the critical sustainability factor given the weak global cues, sluggish insurance dynamics...
(AA) Stock Market News for August 10, 2011 – Market News
An unprecedented step by the Federal Reserve to keep the interest rate near zero for another two years returned cheer to the markets as the Dow soared up by 429 points. The Street finally enjoyed one of its best days in two years a day after it was sent crashing following...
(XLF) Stock Market News for August 9, 2011 – Market News
Standard & Poor’s downgraded the US credit rating by a notch, delivering a crushing blow to benchmarks on Monday. Tension from the other side of the Atlantic also dampened sentiment as Europe was gripped by debt woes. Investors also struggled to find a clear answer about...
(AIG) American International Group Misses Expectations – Rebound to Come
American International Group Inc. (AIG) reported second quarter operating earnings of 69 cents per share that lagged both the Zacks Consensus Estimate of $1.15 per share and $1.18 per share reported in the...
(CAT) Stock Market News for August 8, 2011 – Market News
The Dow Jones Industrial Average see-sawed between positive and negative territory, while the markets finished mixed on Friday amid global economic concerns. Encouraging economic reports helped the markets prevent another heavy slide on the closing day of the week, but they...
(CAT) Caterpillar to Expand in China
Caterpillar Inc. (CAT) recently announced its intention to open a new facility in Xuzhou, Jiangsu Province of China. The construction will commence in 2011, while the main facility construction is scheduled...
(AA) Stock Market News for August 5, 2011 – Market News
The specter of another recession haunted investors and dealt a body blow to the markets which crashed to their worst day since the economic crisis of 2008. On Wednesday, just when the Dow looked like ending its longest losing streak of nine days since Jimmy Carter held office,...
(AIZ) Assurant Suffers High Catastrophe Loss – Hurts Second Quarter Earnings
Assurant Inc. (AIZ) has reported second quarter 2011 operating earnings of 76 cents per share, missing the Zacks Consensus Estimate by 8 cents and significantly lagging the prior-year quarter’s earnings...
(TEN) Tenneco Quarterly Earnings Exceed Estimates
Tenneco Inc. (TEN) showed a profit of $50 million or 81 cents per share (before special items) during the second quarter of the year versus $38 million or 62 cents per share (before special items) in the same...
(AA) Stock Market News for July 28, 2011 – Market News
With no resolution in sight to the debt ceiling issue, heightened anxiety among investors led the benchmarks lower for the third consecutive day and markets posted their worst day in eight weeks. Adding to the woes, economic sluggishness continued to foster negative sentiments...
(AAPL) Stock Market News for July 25, 2011 – Market News
Stellar earnings results provided sufficient impetus to markets as they edged modestly higher on Friday, amidst lingering concerns about debt-ceiling negotiations. The week also closed with gains as earnings provided enough cushion for the benchmarks to settle in the green.
The...
(AAPL) 2011 Second Quarter Earnings Preview – Detailed
Earnings Preview 7/15/11
Second quarter earnings season is now under way, but things really start to move into high gear next week. There will be 348 firms reporting, and 108 of those are...
(BAC) Company News for July 11, 2011 – Corporate Summary
• Local.com Corp. (NASDAQ:LOCM) entered into a Google Services Agreement with Google Inc. (NASDAQ:GOOG)
• Bank of America Corporation (NYSE:
11Jul2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Signs Australian Memorandum of Understanding
Caterpillar Inc. (CAT) along with its dealer WesTrac recently signed a Memorandum of Understanding (MoU) with Perth, Australia based Fortescue Metals Group, to implement an autonomous mining solution, that...
(TEX) Terex Fulfills Minimum Tender Offer
Terex Corp. (TEX) recently announced that the company has successfully achieved the minimum tender condition for Demag Cranes. The company offered €45.50 per share to Demag shareholders, which has exceeded...
(AA) Stock Market News for July 5, 2011 – Market News
Markets skyrocketed to post their best weekly performance in two years as investor sentiment was bolstered by optimistic economic reports that somewhat washed out fears of a sluggish economic recovery. The Dow, in particular, had a great run, collecting 648 points over the...
(CAT) Caterpillar Plant to Create 200 Jobs
Caterpillar Inc. (CAT) intends to develop a plant in Griffin, Georgia, that will create 200 jobs. The company is investing $120 million to upgrade machinery and equipment in the existing facility.
Caterpillar...
(CAT) Caterpillar and Navistar International Venture NC2 Gets a New President
The board of directors of NC2 Global, LLC – a global 50:50 commercial truck joint venture between Caterpillar Inc. (CAT) and Navistar International Corp. (
29Jun2011 | vitalstocks | 0 comments | Continued(JOYG) Joy Global Buys Rowan’s LeTourneau
Mining equipment maker Joy Global Inc. (JOYG) said it has acquired LeTourneau Technologies Inc. from Rowan Companies Inc. (RDC) for $1.1...
(CAT) Caterpillar Opens New Facility
Caterpillar Logistics Service Inc., a wholly owned subsidiary of Caterpillar Inc. (CAT), intends to open a new parts distribution center in Spokane, Washington. The company is now the industry’s leading...
(AIZ) Assurant Closes Reinsurance Deal
Yesterday, Assurant Specialty, a unit of Assurant Inc. (AIZ) has announced its comprehensive catastrophe (CAT) reinsurance program so as to shield itself from losses in 2011 that looms ahead as an above-average...
(TEX) Terex Bid Adequate – Demag Cranes Agrees
Terex Corp. (TEX) is now in the process of acquiring Demag Cranes for $1.4 billion. After agreeing to Terex’s bid of 45.50 euros per share in cash, up from 41.75 euros, last week, Demag has agreed to be...
(CAT) Caterpillar Increasing Texan Plant
Caterpillar Inc. (CAT), in its drive to become the global leader in the excavator industry, will further expand its under construction, state-of-the-art, 850,000-square-foot manufacturing facility in Victoria,...
(CAT) Caterpillar Sales Improve in May
Caterpillar Inc. (CAT) recently reported sales statistics for the month of May, indicating a strong month in which sales shot up 52% on a year-over-year basis, across the globe. However, after registering...
(CAT) Caterpillar Plans Thailand Expansions
Caterpillar Inc. (CAT) plans to open a new manufacturing facility in Thailand to produce medium track-type tractors, which are used globally by Caterpillar customers for various construction applications....
(TEX) Terex Ups Order – Demag Nods
Terex Corp’s (TEX) takeover story of Demag Cranes AG took a positive turn with Terex upping its offer from 41.75 euros to 45.50 euros per share and both the parties signing an agreement foreshadowing future...
(CAT) Caterpillar Updates on Euro Bonds
Caterpillar Inc. (CAT) issued updates on the Euro bonds offered last week. These updates were related to the yield, spread and rating of the bonds. The borrower of the bonds is the financial wing of the company,...
(CAT) America’s Aging Infrastructure is Coming Apart At the Seams
by David Fessler, Investment U‘s Energy and Infrastructure Expert