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Stock Market & Financial Investment News

News Breaks
April 7, 2013
17:27 EDTJOY, CATCaterpillar layoffs underscore mining's weakness, FT says
Caterpillar's (CAT) recent announcement that it plans to cut about 2,000 jobs is yet another sign of how weakness in the global mining industry and low commodity prices are hurting heavy industry, says the Financial Times. Low natural gas prices which have curtailed coal mining and the industrial slowdown in China are cited by FT as two reasons for the mining slowdown which is impacting companies like Caterpillar and Joy Global (JOY). Reference Link
News For CAT;JOY From The Last 14 Days
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February 19, 2015
11:11 EDTCATCaterpillar retail trends remain negative, says Wells Fargo
After Caterpillar reported earlier that its retail sales of machine declined 14% in the three month period ending in January, Wells Fargo noted that the trend worsened from December's 12% drop and that all regions reported declines. The firm believes retail trends remain negative for Caterpillar shares, on which it keeps a Market Perform rating.
09:09 EDTCATCaterpillar reports retail machines sales down 14% in three months end January
Caterpillar reported in a filing that its total retail machines sales were down 14% on a three month rolling basis in January. For reference, retail sales of machines were down 12% in the period ending in December and were down 10% in the period ending in November. The company reported world Resources Industries sales down 27% in the January period, which was down fom the 22% drop in the December end period. Construction Industries world sales were down 10%, worse than the 9% drop in the December period. Total Energy & Transportation Retail Sales were up 22% in the January end period, which was the same growth rate as seen in the December period.
07:20 EDTCATCaterpillar facing multiple federal investigations, WSJ says
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February 18, 2015
10:54 EDTJOYJoy Global says reducing cost curve is company's priority for customers
Joy Global says focused on growing service business. Looking to accelerate savings on service business for 2015. Company focuses on life cycle management of equipment. Joy Global developing new products in service sector to allow customers to reduce costs. Sees opportunity in tough market to build service business. Seeing better visibility on rebuilds. Comments taken from Barclays Capital Industrial Select Conference.
10:26 EDTJOYJoy Global backs FY15 EPS view $3.10-$3.50, consensus $3.21
Backs FY15 revenue view $3.6B$3.8B, consensus $3.65B. Guidance taken from slides prepared for Barclays Industrial Select Conference.
07:07 EDTJOYBarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
06:23 EDTCATCaterpillar discloses grand jury subpoena requesting financial information
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February 12, 2015
07:16 EDTCAT, JOYUBS to hold a conference
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