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Caterpillar profit tops estimates
Caterpillar Inc. reported better-than-expected quarterly earnings on Friday and raised its outlook, saying “exceptional growth” overseas offset weakness in the U.S. residential housing and truck engine markets.
Shares of the manufacturer of heavy construction and mining equipment surged 4.6 percent and gave the overall market a boost.
Finning Announces C$100 Million Truck Sale to Albian Sands
Finning International Inc. announced today that its Canadian division has secured a major mining equipment sale of 19 new Caterpillar 797B mining trucks valued at over C$100 million to Albian Sands Energy Inc. for operation in the Alberta oil sands.
Of the 19 – 400 ton trucks, 16 will be placed into service at the [...]
UPDATE: Caterpillar Shares Gaining On Earnings, Revised Outlook
Caterpillar Inc. shares rose 6% early Friday following the company’s better-than-expected first-quarter profit report, as worldwide demand for construction machinery helped overcome weaker markets in North America for housing and heavy-duty engines.
Along with raising its earnings forecast for 2007, the Peoria, Ill., manufacturer of bulldozers, scrapers and construction equipment (CAT) predicted the Federal Reserve would [...]
Komatsu: The Japanese Caterpillar
Faisal Laljee submits: Komatsu Ltd. is a Japanese entity that engages in the manufacture and sale of construction and mining equipment, industrial machinery & vehicles and electronics products. It is also expanding its businesses into other areas such as housing, transportation and logistics equipment.
Higher oil prices boost TSX, NY down as data reinforces rate worries
Rising oil prices gave the Toronto stock market a solid push ahead Friday morning.
But New York markets fell after early gains as solid economic data raised concerns about what where interest rates are heading. Toronto’s S&P/TSX composite index gained 60.01 points to 12,987.29.
The energy sector led advancers, up 1.1 per cent with the March crude [...]
Caterpillar Profit Rises 4.3 Percent
Caterpillar Inc. (CAT) said Friday its net quarterly profit rose 4.3 percent, helped by increased sales of engines and other machinery, and it stuck by its full year forecast, sending its shares higher.
Although the company has been pressured by higher operating costs and weak demand from U.S. builders — pressures that are expected to continue [...]
SanCasT products compete globally
A manufacturing company on Clow Lane has discovered its niche and made it work in a competitive global market.
“Our niche is service,” said Don Hutchins, vice president and general manager of SanCasT.
Situated on 22 acres off Clow Lane, the company is starting its 31st year in Coshocton, and in recent years has grown from 40 [...]
Tires big pain in mining world
Makers, including Goodyear, can’t keep up. Shortage boosts prices.
For those digging and hauling their way through the commodity boom, “naked” and “barefoot” are anything but sexy.
The terms refer to monster trucks without tires — a painful sight to companies scrambling to keep pace with soaring demand in the energy, mining and construction industries.
For small-time miners, [...]
