Caterpillar smashes Wall Street estimates as North America sales rebound
(Reuters) – Caterpillar Inc on Tuesday blew past Wall Street’s profit and revenue estimates on surprisingly strong demand for its construction equipment in North America and robust sales in China, pushing its shares up 7 percent in early trading.
GM’s earnings beat, forecast lift shares; supply glut shrinks
DETROIT (Reuters) – General Motors Co posted stronger-than-expected pre-tax profit for the third quarter on Tuesday, helped by cost-cutting and a shift to higher-margin trucks and sport utility vehicles, and its shares jumped to a record high.
3M, Caterpillar lift Dow to record high
(Reuters) – The blue-chip Dow Jones index was on track to record its biggest intraday percentage rise in more than a month on Tuesday, boosted by gains in industrial giants 3M and Caterpillar.
Whirlpool to stop selling private label brands at Sears
(Reuters) – Whirlpool Corp said on Tuesday it would continue to supply several of its products to Sears Holdings Corp and discontinue only its private label brands, including Maytag fridges, KitchenAid products and Jenn-Air appliances.
Caterpillar smashes Wall Street estimates, shares jump
(Reuters) – Caterpillar Inc on Tuesday blew past Wall Street’s profit and revenue estimates on surprisingly strong demand for its construction equipment in North America and robust sales in China, pushing its shares up 7 percent in premarket trading.
Caterpillar sets up Dow for record open
(Reuters) – Wall Street’s Dow Jones index was set to open at a record high on Tuesday, powered by a 7 percent surge in Caterpillar’s shares.
Deutsche Boerse board to consider Kengeter’s fate on Thursday: source
FRANKFURT (Reuters) – Deutsche Boerse’s supervisory board will meet on Thursday to consider the fate of Carsten Kengeter, a source said on Tuesday, after the embattled CEO suffered a court setback in an insider trading investigation.
GM shares rise on earnings beat, forecast
DETROIT (Reuters) – General Motors Co posted a stronger than expected pre-tax profit for the third quarter before charges related to the sale of its European operations, and shares jumped as GM reaffirmed its full-year earnings outlook and a promise t…
Strong North America margins boost Fiat Chrysler’s third quarter profit
MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) reported a 17 percent jump in third-quarter adjusted operating profit on Tuesday, helped by a strong performance in its key North American market and improving operations in Europe and Latin America.
United Tech beats Street, lifts forecasts again
(Reuters) – United Technologies Corp’s quarterly profit topped analysts’ estimates, driven by higher sales in its Pratt & Whitney business, prompting it to raise its 2017 adjusted profit forecast for the second time this year.
