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Stock Market & Financial Investment News

News Breaks
December 5, 2012
11:01 EDTCATCaterpillar, Ariel Corp create 50-50 joint venture
Caterpillar and Ariel Corporation announced the formation of a 50-50 joint venture that will provide well service pressure pumping products for customers in the global oil and gas industry. The combined venture, Black Horse LLC, also announced the acquisition of pump manufacturer ProSource of Houston, Texas. Under the arrangement, executives from Caterpillar's Marine and Petroleum Power Division and Ariel Corporation will jointly lead Black Horse LLC. The acquisition of ProSource, which designs and manufactures reciprocating pressure pumps, enables Black Horse LLC to serve the well service market. Black Horse LLC will leverage Caterpillar and Ariel engineering and manufacturing expertise to expand ProSource's existing product line to better serve global oil and gas customers.
News For CAT From The Last 14 Days
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August 27, 2015
13:46 EDTCATCaterpillar planst to lay off 475 more employees, Reuters reports
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August 24, 2015
09:26 EDTCATCaterpillar set to open near 4-year lows
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August 21, 2015
13:02 EDTCATChanos says heavy equipment companies 'have the wind in their face'
Jim Chanos of Kynikos Associates said on CNBC that the companies selling heavy equipment will "have the wind in their face" for years as inventory is worked though. Chanos added that he remains short shares of Caterpillar (CAT), pointing out the company acquired Bucyrus at the top of the market. Peers of Caterpillar include Deere (DE) and AGCO (AGCO).
12:56 EDTCATChanos says still short shares of Caterpillar
Jim Chanos of Kynikos Associates said on CNBC .
August 17, 2015
07:40 EDTCATUBS to hold a tour
Midwest Construction & Farm Tour travels throughout Illinois and Iowa on August 17-18.
August 13, 2015
16:00 EDTCATOptions Update; August 13, 2015
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09:11 EDTCATCaterpillar likely to stay range-bound, possibly for years, says Jefferies
Jefferies analyst Stephen Volkmann said that after hosting Caterpillar for a conference he continues to think that the company's earnings and shares are likely to stay range-bound until commodity prices recover, which he warned could be "several years" from now. The analyst, who thinks that weak commodity prices will lead to a mostly "L shaped" recovery, keeps a Hold rating and $75 price target on Caterpillar shares.

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