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Stock Market & Financial Investment News

News Breaks
June 20, 2013
07:59 EDTWPRT, R, CMI, NAVRyder expands CNG fleet with 39 light and medium duty vehicles
Ryder System (R) announced that it has begun to take delivery of 39 light and medium duty compressed natural gas vehicles, the first of their kind in North America available for lease or rent. The vehicles include 20 Greenkraft cab-over vehicles with 6.0-liter GM natural gas engines and 19 Navistar International (NAV) TranStar trucks with Cummins Westport (CMI, WPRT) ISL G engines. The 39 new light and medium duty vehicles represent an expansion of Ryder’s 300 plus heavy duty natural gas vehicle fleet, the company said.
News For R;NAV;CMI;WPRT From The Last 14 Days
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January 28, 2015
07:56 EDTRRyder says natural gas truck fleet surpasses 30M miles
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January 27, 2015
12:22 EDTCMICaterpillar 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.
10:00 EDTCMIOn the Fly: Analyst Downgrade Summary
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09:08 EDTCMICummins downgraded to Market Perform from Outperform at First Global
08:58 EDTCMICaterpillar guidance to be negative for shares, says Wells Fargo
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January 22, 2015
10:05 EDTRHigh option volume stocks
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10:03 EDTNAVOn the Fly: Analyst Downgrade Summary
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January 21, 2015
16:26 EDTNAVNavistar downgraded to Underperform from Market Perform at BMO Capital
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