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Stock Market & Financial Investment News

News Breaks
March 13, 2014
09:07 EDTBAYRY, DEBayer Cropscience and John Deere to develop digital tools for farming
Bayer (BAYRY) CropScience and John Deere (DE) are working together to integrate data access, wireless data transmission, and delivery of prescription recommendations to help farmers. Beginning in 2014, Bayer CropScience will initiate R&D-based field pilots designed to use agronomic data to prescribe Bayer CropScience products to maximize yield potential and overall profitability on each acre.
News For BAYRY;DE From The Last 14 Days
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January 27, 2015
12:22 EDTDECaterpillar sinks after guidance cut, drags down machinery peers
Shares of Caterpillar (CAT) are falling after the company reported lower than expected profit and reduced its full-year guidance to well below analysts' consensus outlook. WHAT'S NEW: Caterpillar reported fourth quarter earnings per share, excluding certain items, of $1.35, versus analysts' consensus outlook of $1.55. The company's Q4 revenue came in slightly above expectations. However, Caterpillar provided fiscal 2015 EPS guidance, excluding certain items, of about $4.75, versus the consensus outlook of $6.67, and its revenue outlook was about $50B, compared with analysts' consensus estimate of $55B. In October, Caterpillar had provided a "preliminary outlook" for 2015 of no change to a slight increase in its revenue, versus 2014 levels. In 2014 the company reported revenue of $55.18B. Caterpillar blamed its disappointing guidance on weak commodity prices that are negatively impacting its Energy & Transportation business, as well as its mining equipment unit. Caterpillar also lowered its expectations for construction equipment sales in China, noting that while its market position in China has improved, 2015 expectations for the construction industry in China are now lower. ANALYST REACTION: In a note to investors, Wells Fargo wrote that Caterpillar's results are a bad sign for other machinery makers, including Cummins (CMI), Deere (DE), and Terex (TEX). The firm kept a Market Perform rating on Caterpillar. PRICE ACTION: in early afternoon trading, Caterpillar fell 7.5% to $79.61, Cummins dropped 4.6% to $141, Deere declined 3% to $85.76, and Terex fell 4.4% to $22.50.
11:29 EDTBAYRYBayer, Janssen form collaboration to study Xarelto in stroke patients
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08:58 EDTDECaterpillar guidance to be negative for shares, says Wells Fargo
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January 23, 2015
08:32 EDTDEDeere announced indefinite layoffs at five locations for workforce adjustments
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January 15, 2015
07:59 EDTBAYRYAmerican Society of Clinical Oncology to hold a symposium
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