Edition:
United Kingdom

Rajesh Kumar Singh

UPDATE 5-Improving farm economy drives up Deere earnings

5:00pm GMT

CHICAGO, Nov 25 Deere & Co on Wednesday reported a rise in quarterly earnings, defying Wall Street estimates, as higher crop prices, government subsidy payments and replacement demand lifted sales of farm machines.

GE warns of more job cuts at aviation business amid sluggish recovery

24 Nov 2020

General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.

GE's shares soar as earnings recover from pandemic lows

28 Oct 2020

General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.

UPDATE 3-Caterpillar earnings dive as economy woes deter equipment purchases

27 Oct 2020

CHICAGO, Oct 27 Caterpillar Inc on Tuesday reported lower quarterly earnings as equipment sales fell across its three primary segments, reflecting a slow and uneven global economic recovery following lockdowns to curb the spread of the new coronavirus.

Caterpillar bets on self-driving machines impervious to pandemics

12 Oct 2020

CHICAGO Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector?

Trump steel tariffs bring job losses to swing state Michigan

09 Oct 2020

CHICAGOPresident Donald Trump promised a new dawn for the struggling U.S. steel industry in 2016, and the lure of new jobs in Midwestern states including Michigan helped him eke out a surprise election win.

Globalisation revised but not reversed by COVID

07 Oct 2020

CHICAGO/BRUSSELS New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply shortages caused by the COVID-19 pandemic added to its hefty bill from U.S. import tariffs.

World News