Maker of farm tractors and construction machinery trims its forecast for the year. This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Deere& Co. provided fresh evidence Friday of weakening conditions in the U.S. manufacturing sector, saying lower demand for U.S. farm commodities is discouraging farmers from buying its machinery.
Deere& Co. provided fresh evidence Friday of weakening conditions in the U.S. manufacturing sector, saying lower demand for U.S. farm commodities is discouraging farmers from buying its machinery. The Moline, Ill.-based maker of tractors and construction machinery, which reported lower sales for the third quarter, trimmed its forecast for the year. It has struggled to increase sales amid lower commodity prices in recent years that have pulled down farmers' incomes.
AMSC, a global energy solutions provider serving wind and power grid industry leaders, today announced it has received a $9 million order for its 5.5 megawatt wind turbine electrical control systems from Doosan Heavy Industries & Construction Co., Ltd., South Koreas premium wind turbine manufacturer.
Mega shipyard mergers in South Korea and China are forging a new reality in the industrial sector that underpins the global shipping industry. South Korea's merger of Hyundai Heavy Industries Co. and Daewoo Shipbuilding& Marine Engineering Co. and the Beijing-engineered marriage of China Shipbuilding Industry Corp. and China State Shipbuilding Corp. will create two behemoths that will control around 46% of the global market among the world's top 10 yards, according to...
Moody's: * MOODY'S SAYS FEDERAL BUDGET AGREEMENT WOULD BE CREDIT POSITIVE FOR U.S. AEROSPACE AND DEFENSE SECTOR. * MOODY'S SAYS 2-YEAR FEDERAL BUDGET DEAL ANNOUNCED BY PRESIDENT TRUMP & CONGRESSIONAL LEADERS WILL BENEFIT U.S. DEFENSE CONTRACTORS IF SIGNED INTO LAW.
Trucking companies are wrestling with the hangover from last year's freight boom as greater availability of big rigs and softening demand weigh on earnings ahead of peak shipping season. Many carriers plowed 2018 profits and the gains from the 2017 corporate tax cut into record orders for new equipment, resulting in a growing supply of trucks while cargo volumes in U.S. distribution channels have been sliding. Bad weather, tepid industrial growth and trade tensions have...
American Airline's stock tumbles amid questions about its raised profit outlook, Southwest's (LUV) bounces after 737 Max return pushed back. Shares of airline companies traded mostly lower Thursday, as a more dire outlook on the groundings of Boeing Co.' s 737 Max planes sullied the earnings reports from Southwest Co. and American Airlines Group Inc.. And the biggest ever one-day plunge in discount carrier Spirit Airlines Inc.' s stock after disappointing guidance was also a drag on...
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