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.
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.
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.
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.
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?
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.
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.