Caterpillar 2Q Profit Rises, Revenue Declines
Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped.
July 24, 2014 – ABC News
Manufacturing Continues Rebound from Winter Woes
July 23, 2014 – National Association of Manufacturers
China manufacturing activity at 18-month high
China's manufacturing activity grew at its fastest pace in 18 months in July, an initial survey by HSBC showed, the latest in a series of signs that the country's economy may be stabilizing.
July 23, 2014 – BBC News
Caterpillar says it's likely to win IRS tax case
Caterpillar Inc. believes it is "more likely than not" to persuade U.S. tax authorities that it complied with tax rules in pursuing a strategy that shifts profits to a Swiss subsidiary, the company said in a securities filing Monday.
July 21, 2014 – MarketWatch
Kemper Equipment now carrying Terex Cedarapids, Canica lines
Kemper Equipment Inc. was named a dealer in Delaware, Maryland, New Jersey and Pennsylvania for the Terex Cedarapids and Terex Canica crushing and screening equipment lines of Terex Minerals Processing Systems (MPS).
July 18, 2014 – Pit & Quarry
US factory output rises for 5th straight month in June, boosting economy after dismal 1Q
U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture. The modest gain underscored manufacturing's role in helping return the economy to growth after a grim first quarter.
July 16, 2014 – U.S News & World Report
Pace of Global Economy Picks Up Slightly in June
The global economy improved slightly in June, showing some signs of stabilization from weaknesses in prior months.
July 14, 2014 – Natioanal Association of Manufacturers
Manufacturers Cautiously Upbeat about Second Half of 2014
Manufacturers continue to wrap their heads around the fact that growth in the early months of 2014 has been more disappointing than originally anticipated, but at the same time, they are cautiously upbeat about the second half of the year.
July 14, 2014 – National Association of Manufacturers
Survey: Growth forecast lowered to 3 percent for the second quarter
Business economists have lowered their estimates for economic growth in the second quarter following news of a significant contraction during the first three months of the year.
July 14, 2014 – The Hill
Volvo CE after truck buy: "We want to work with distribution to keep the Terex flag flying"
Now that Volvo Construction Equipment's acquisition of Terex's articulated and rigid frame trucks is complete, Volvo is concentrating on continuing the product lineup in North America under the name Terex Trucks Americas.
July 14, 2014 – Equipment World
US and EU trade talks to resume
Officials from the European Union and the US will spend this week in Brussels trying to make progress negotiating a controversial trade deal. The Trans-Atlantic Trade and Investment Partnership (TTIP) aims to stimulate commerce by reducing barriers such as tariffs and differences in regulation
July 13, 2014 – BBC News
House votes to make bonus depreciation permanent
The House today passed a bill that would make permanent a tax law provision allowing businesses that purchase new equipment to depreciate 50 percent of the cost in the first year.
July 11, 2014 – Agri-Pulse
Aboriginal title ruling 'all but guarantees uncertainty' for Canadian mining projects
In a briefing published Thursday, British Columbia's Fraser Institute's Centre for Aboriginal Policy Studies warned that a recent Canadian Supreme Court ruling granting a group of six B.C. First Nations title to a large piece of land outside their reserves "will likely stunt economic development across Canada".
July 11, 2014 – Mineweb
Federal Reserve plans to end stimulus in October
The Federal Reserve will end its stimulus program in October if US economic growth continues at its current pace, minutes from its June meeting released Wednesday revealed.
July 9, 2014 – BBC News
Astec Names Group Vice President of Aggregate Mining Group
Astec Industries has named Jeff Elliott as group vice president of the Astec Aggregate Mining Group (AAMG).
July 8, 2014 – forconstructionpros.com
Holcim and Lafarge announce assets for sale
Holcim and Lafarge have released a list of the most significant assets that will be put up for sale to help the two companies allay competition concerns over their proposed merger.
July 7, 2014 – International Construction
Lagarde Hints at Global Forecast Cut Even as U.S. Rebounds
International Monetary Fund Managing Director Christine Lagarde signaled a cut in the institution's global growth forecasts, saying investment is still weak and that risks remain in the U.S. even as its rebound accelerates.
July 6, 2014 – Bloomberg
Ohio Cat Acquires Former Bucyrus Mining Business in Ohio Mining Areas
Ohio Cat has acquired the expanded Cat Mining equipment distribution and support business for its territories from Caterpillar Global Mining LLC.
July 3, 2014 – RER
Terramac Names McClung-Logan as Dealer
Terramac LLC, manufacturer of rubber track crawler carriers has named McClung-Logan Equipment co. as authorized dealer in Delaware, Maryland, and Washington, D.C. McClung-Logan Crane & Equipment was named authorized dealer in North and South Carolina.
July 3, 2014 – RER
Jeff Schwarz Named President of KPI-JCI and Astec Mobile Screens' Oregon Facility
KPI-JCI and Astec Mobile Screens has named Jeff Schwarz president of Johnson Crushers International, the company's Oregon manufacturing facility.
July 1, 2014 – forconstructionpros.com
U.S. second-quarter growth forecasts cut on tepid consumer spending
U.S. consumer spending rose less than expected in May, prompting economists to downgrade estimates for second-quarter growth.
June 26, 2014 – Reuters
U.S. Economy Shrank in First Quarter by Most in Five Years
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.
June 25, 2014 – Bloomberg
Sandvik in Strategic Cooperation with Zhuzhou Group
Sandvik AB signed a letter of intent with Zhuzhou Cemented Carbide Group Co., Ltd. ("Zhuzhou Group") to form a joint venture for strategic cooperation.
June 24, 2014 – AED News
Markit Manufacturing Index in U.S. Increases to 57.5 From 56.4
The Markit Economics preliminary index of U.S. manufacturing increased to 57.5 in June, the highest since May 2010, from 56.4 a month earlier, the London-based group said today.
June 23, 2014 – Bloomberg
Caterpillar Asia Sales Drop Accelerates Amid Mining Cuts
Caterpillar Inc. (CAT:US), the biggest maker of construction and mining equipment, reported a steepening decline in retail machine sales in Asia as miners continue to reduce spending.
June 19, 2014 – Bloomberg