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Search resuls for: "Construction Machinery"


5 mentions found


☆ Rising commodities prices could be a tailwind for Caterpillar and these industrial names
  + stars: | 2023-01-13 | by ( Seema Mody | ) www.cnbc.com   time to read: +2 min
The outlook for the global mining industry is strong going into 2023, aided by higher commodity prices, Denise Johnson, group president at Caterpillar , told CNBC. Palladium, copper and gold prices are hitting new highs this week as investors eye China's reopening and anticipate a recovery in demand for these commodities. U.S. industrial names that could get a lift from miners' increased capex spend include Caterpillar and Kennametal , according to Jefferies. International names that may also benefit include Komatsu, Hitachi Construction Machinery, Weir Group, Epiroc and Sandvik, the firm noted. Bank of America analysts upgraded Caterpillar to a buy rating on Friday, citing China's reopening and increased infrastructure spending.
☆ Komatsu CEO: no immediate plan to withdraw from Russia
  + stars: | 2022-12-05 | by ( ) www.reuters.com   time to read: +2 min
Komatsu has a manufacturing plant in Yaroslavl, Russia. But various developments could take place as we go forward," Komatsu Chief Executive Hiroyuki Ogawa told reporters in an online interview. "There may come a time when we will need to decide whether or not to withdraw (from Russia). Russia and other countries in the Commonwealth of Independent States (CIS) accounted for 7% of Komatsu's heavy machinery sales in the year to end-March 2022. "I don't necessarily think demand in the next business year will be good when compared with this year's," Ogawa said.
☆ Stocks making the biggest moves premarket: Meta, Ford, Honeywell, Caterpillar & more
  + stars: | 2022-10-27 | by ( Sarah Min | ) www.cnbc.com   time to read: +3 min
Meta — The social media stock dropped 22.8% after Meta reported an earnings miss and a weaker-than-expected fourth-quarter forecast. Meta reported earnings of $1.64 per share on revenue of $27.71 billion. Caterpillar — Shares popped 5.1% after Caterpillar reported earnings that beat on the top and bottom lines. Caterpillar was expected to earn $3.16 per share on revenue of $14.33 billion, according to consensus estimates from Refinitiv. The defense company reported revenue of $8.97 billion, compared to forecasts of 9.13 billion, according to consensus estimates compiled by Refinitiv.
☆ Made in America is back, leaving US factories scrambling to find workers
  + stars: | 2022-10-09 | by ( Chris Isidore Christine Romans | Chris Isidore | Christine Romans | ) edition.cnn.com   time to read: +4 min
New York CNN Business —US factories are humming, and manufacturers are scrambling to find workers as the pace of hiring hits levels not seen in decades. Experts say one of the biggest problems manufacturers face in attracting workers is their perception of the nature of the job. Manufacturing remains a male-dominated industry, with only 30% of hourly factory jobs held by women, according to NAM. Today less than 10% of private sector jobs are in manufacturing, compared to more than 40% at the end of World War II. The Labor Department reports the average weekly wage for manufacturing jobs is $1,250, or $65,000 annually — 11% more than private sector jobs overall, and 81% more than retail jobs.
☆ Palantir signs $20 mln deal with S.Korea's Hyundai Heavy Industries
  + stars: | 2022-09-20 | by ( Joyce Lee | ) www.reuters.com   time to read: +2 min
The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File PhotoSEOUL, Sept 21 (Reuters) - Palantir Technologies Inc (PLTR.N) announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group (267250.KS), one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy (329180.KS) will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, Palantir's Chief Operating Officer Shyam Sankar told Reuters. Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
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