New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:02 EDTCAT, CHMTChemtura announces joint development agreement with Caterpillar
Chemtura Corporation (CHMT) announced it has entered into a joint development agreement with Caterpillar (CAT) for novel applications of Chemtura's Duracast hot-cast urethane pre-polymer technology for construction and mining equipment. The joint development agreement focuses on novel applications in construction and mining equipment where urethanes have not previously been used. Initial products to be jointly developed include non-pneumatic tires for certain Cat machines. Prototype development is under way with field evaluation expected to begin by early 2013. Under the agreement, other potential applications of Duracast technology may include debris guards for use behind tires, ground engagement accessories and wear reduction coatings.
News For CHMT;CAT From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 19, 2015
10:26 EDTCATGoldman says sell Titan with ag and mining weakness expected to continue
Goldman Sachs downgraded Titan International (TWI) to Sell from Neutral today, saying that weakness in agriculture and mining would continue to weigh on the company's results. Goldman's downgrade comes after the company reported much weaker than expected results on November 6. Titan makes tires and wheels used in off-road vehicles which are utilized by farmers and mining and construction companies. WHAT'S NEW Titan derives 80% of its revenue from agriculture and mining, so the weakness in those sectors will continue to hurt its results going forward, wrote Goldman analyst David Tamberino. Additionally, farmers have less money to spend on capital projects, reducing the likelihood that they will adopt Titan's new LSW tires, according to the analyst. Given these factors and the January 2017 maturity of Titan's convertible note, the company could be faced with a cash crunch, the analyst warned. Moreover, Titan is facing increased competition, according to Tamberino. He sharply lowered his 2015-2017 earnings before interest, taxes, depreciation and amortization estimates for the company and slashed his price target on the name to $3 from $8. WHAT'S NOTABLE: Deere (DE), Caterpillar (CAT), and AGCO (AGCO) sell heavy machinery used in agriculture. PRICE ACTION: In early trading, Titan sank 11% to $4.50.
November 16, 2015
15:36 EDTCATCaterpillar November volatility up into overview of Financial Services
Subscribe for More Information
13:29 EDTCATCaterpillar to host conference call
Subscribe for More Information
November 13, 2015
12:34 EDTCATCaterpillar, General Motors, Altria Group are market beaters, Barron's says
Subscribe for More Information
08:23 EDTCHMTSeaport Global to hold a conference
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use