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Stock Market & Financial Investment News

News For TWI;DE From The Last 14 Days
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July 24, 2014
08:16 EDTTWITitan International: Oil sands have positive impact in mining sector
The company adds, ""The farm outlook today is weak from many viewpoints, however, we believe this is a short term pause in the cycle. The large equipment purchases in the farming sector have declined double digits and tire prices have fallen due to lower raw material costs that we are required to pass on contractually to OEMs which negatively impacts our financial performance. Inventory at dealerships remains high but is trending lower each month. ITM which is Titan's track business has been challenged due to recessed construction and mining markets. ITM's steel foundry in Spain has just entered into an agreement in principle to provide railroad cast steel brakes. These engineered cast steel products means an expansion to the Spain facilities. Titan Russia experienced weaker sales levels than anticipated due to the overall economic factors. In the second half of 2014, we will spend more time on our international facilities. The quality of our tires in Russia is improving and chemical inputs have been modified to reach European acceptance. As we build more effective relationships with the Russian team and customers, we expect to realize the untapped potential in this facility."
08:16 EDTTWITitan International: Q2 results reflect slow demand
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08:16 EDTTWITitan International reports Q2 adjusted EPS 3c, consensus 13c
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July 11, 2014
14:23 EDTDELatest USDA report still suggests lower crop cash receipts, says Wells Fargo
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10:04 EDTDEDeere June sales trends relatively weak, says Wells Fargo
Wells Fargo said that Deere underperformed the industry's weak tractor sales in the U.S. and Canada in June, but that its combine sales outperformed, noting that the monthly data was likely influenced by difficult year-over-year comparisons. The firm continues to believe that large ag equipment demand will weaken this year and next and keeps its Underperform rating on Deere.
05:10 EDTDEDeere: June U.S./Canada utility tractor retail sales flat
Deere says June U.S./Canada row-crop tractor retail sales down more than industry; June U.S./Canada 4WD tractor retail sales down more than industry; June U.S./Canada combines retail sales down double digits, less than the industry. Information from slides presentation.

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