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Stock Market & Financial Investment News

News Breaks
January 20, 2013
14:12 EDTMMM, SCHN, AA, CMI, DD, CATChina's declining pool of workers may hamper its recovery, Bloomberg says
China's continued growth trajectory may be hampered by a shortage of workers and resources, says Bloomberg, adding that the country's leaders may have to accept an expansion rate of half the peak of the last decade. Reference Link
News For CMI;SCHN;CAT;AA;MMM;DD From The Last 14 Days
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August 31, 2015
16:09 EDTCATLongbow to hold a conference
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06:10 EDTAAAlcoa implied volatility of 56 at upper end of index
August 30, 2015
12:33 EDTDDDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 28, 2015
10:20 EDTAAAlcoa rallies with Freeport-McMoRan, materials sector
Shares are up over 5% to $9.33 at time of writing, putting it above downtrend resistance at the 10-day moving average. At that price next resistance is at $9.51. Support is at $9.19.
05:52 EDTMMMAU Optronics and 3M announce new technology alliance, DigiTimes reports
AU Optronics (AUO) and 3M (MMM) have announced a new technology partnership that combines AUO's ALCD technology and 3M's quantum dot enhancement film, reports DigiTimes. The technology will be available in more LCD sizes with AUO ALCD entering mass production by the end of 2015. Reference Link
August 27, 2015
13:46 EDTCATCaterpillar planst to lay off 475 more employees, Reuters reports
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August 26, 2015
10:24 EDTAACentury Aluminum to curtail Hawesville operations due to weak prices
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09:24 EDTMMM3M completes acquisition of Polypore's Separations Media business
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09:23 EDTMMM3M lowers FY15 EPS view to $7.73-$7.93 from $7.80-$8.00, consensus $7.83
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August 25, 2015
13:39 EDTDDDuPont names John Chrosniak as president, DuPont Sustainable Solutions
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August 24, 2015
09:26 EDTCATCaterpillar set to open near 4-year lows
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09:23 EDTDDGevo, Butamax enter global patent cross-license, settlement agreements
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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 .
12:17 EDTDDDeere slides after Q3 results and outlook impacted by deteriorating farm economy
Despite reporting third quarter results that surpassed analyst expectations, shares of farm equipment maker Deere (DE) are falling after the company said it sees farm equipment sales for the year lower than previously thought, as the downturn in the agricultural economy continues. WHAT'S NEW: Deere reported Q3 EPS of $1.53, down from $2.33 in the year-ago quarter, and revenue of $7.6B, down 20% from last year's Q3. Analysts' consensus estimates for Q3 were for EPS of $1.44 on revenue of $7.17B. John Deere's Chief Executive Officer Samuel Allen said, "John Deere's third quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand for construction equipment." WHAT'S NOTABLE: Looking ahead, the farm equipment maker forecast full year 2015 world-wide sales of its farm equipment to be lower by about 25% for the year compared to the 24% it forecast in May with its Q2 report. On its Q3 earnings conference call, the company said crop prices are stabilizing near the long-term average and the dairy sector remains under pressure. Beef prices remain solid while pork prices remain at low levels, Deere added. In China, the company sees continued slowdown in economic growth, lower commodity prices impacting agricultural economy, and mechanizing trends and ongoing subsidies supportive of agriculture. In India, the company sees positive consumer and investor sentiment supporting economic growth, and two consecutive below normal monsoon seasons impacting farm incomes. In the Commonwealth of Independent States, the company sees a continued deterioration of economic growth and credit conditions remaining challenged. Deere sees crop value of agricultural production in Brazil to decrease 11% in 2015. PRICE ACTION: Shares of Deere are down $6.04, or 6.6%, to $84.61 in midday trading. OTHERS TO WATCH: Other companies that are leveraged to agriculture include AGCO (AGCO),Potash (POT), Mosaic(MOS), Agrium (AGU), Syngenta (SYT), CF Industries (CF), and DuPont (DD).
10:02 EDTCMICummins upgraded to Buy from Hold at Standpoint Research
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August 19, 2015
17:07 EDTMMMPolypore receives antitrust clearances for Asahi Kasei merger
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13:30 EDTDDOptions with increasing put volume;
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August 18, 2015
09:29 EDTAAMorgan Stanley lowers Metals & Mining sector price targets by 33%
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August 17, 2015
07:40 EDTCATUBS to hold a tour
Midwest Construction & Farm Tour travels throughout Illinois and Iowa on August 17-18.

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