Deere earnings double and sales rise on higher production
The world’s largest seller of tractors and crop harvesters is now expecting higher earnings for the year after reporting a profit of $1.96 billion for the quarter ended Jan. 29.
Shares of aircraft lessors take off in tight market for planes
As Boeing and Airbus struggle to produce enough planes, aircraft leasing companies stock prices are soaring. Travel demand returning is great for companies who own the planes.
Ford CEO Jim Farley grapples with problems from the auto maker’s past
Jim Farley hopes to return Ford to its roots, by streamlining production and offering fewer options. Says more job cuts necessary after recently cutting 6,800 jobs.
Macroeconomy, inflation a 'driver' of risk preference at the CEO, board level: Mark Shafir
Citi Co-Head of Global Mergers and Acquisitions Mark Shafir discusses his outlook for the M&A and IPO market.
3M investor raises concerns about company leadership
An investor said 3M’s revenue and earnings have been disappointing since Mike Roman became CEO. Earplugs and forever chemical litigation continues to plague 3M.
As Tesla ignites an EV price war, suppliers brace for Musk seeking givebacks
Most Tesla suppliers, which include battery makers Panasonic, LG Energy Solution, and CATL, as well as Italian casting machine maker IDRA Group, avoid discussing the carmaker publicly.
JPMorgan Asset Management adds $500M of southern timberland
Forest carbon deals tend to happen in regions where mills have closed and log prices have declined. The market for timberlands topped $5 billion last year.
Walmart reimagines stores with revamped design, interactive displays
Walmart announced the first phase of its store redesigns in a company blog last year sharing that nearly 1,000 stores have been renovated with the new design.
Caterpillar earnings show sales up 20% on strong demand
Elevated costs for materials and freight shipping, and constricted supplies of key components, including semiconductor chips, persisted, the company said.
Boston Metal accepts a $120M investment to produce 'green steel'
Boston Metal received a $120 million investment to produce 'green steel,' aiming to make a clean and more effective impact on the environment.
Tesla investing $3.6B in Nevada Semi and battery plant
Tesla is expanding its Reno, Nevada-area Gigafactory to mass produce its new Semi truck and next-generation battery packs through a $3.6 billion investment.
Paris rushing to finish 2024 Olympics construction work
The Porte de la Chapelle Arena in construction for the Paris2024 Olympic games has been delayed by supply chain distortion caused by Russia's invasion of Ukraine.
Who's to blame? Jet delivery delays spark penalties battle
Airbus and Boeing are on average delivering new jetliners three-to-six months late, blaming post-pandemic havoc in supply chains, delegates at two major aviation conferences said.
Emerson Electric bids to buy national instruments for nearly $7 billion
Emerson Electric makes its offer to acquire National Instruments Corp public to shareholders after receiving the cold shoulder from management for months.
Chemours director resigns over 'woke culture'
Chemours board member Bradley Bell resigned over the company's decision to include abortion and gender transitioning coverage in its employee benefits plan.
Defense contractor L3Harris plans to buy Aerojet Rocketdyne for $4.7B
Aerojet was put back up for sale after federal regulators in January sued to block its planned $4.4 billion purchase by Lockheed Martin Corp. on antitrust grounds.
Supply-Chain shortfalls targeted by new bill
Rep. Ro Khanna (D. Calif.) and Sen. Marco Rubio (R. Fla.) are working to reduce supply chain by putting the Government in control of organizing the economy.
Jeep issues recall and stop-sale order on 63K hybrid Wrangler SUVs for power loss
Nearly 63,000 Jeep Wrangler 4xe plug-in hybrid SUVs are being recalled due to a software issue that could lead to a loss of power while the vehicle is in motion.
BHP, world’s top miner, nears biggest acquisition in a decade
BHP predicts that demand for copper – an excellent conductor of electricity and has wide-ranging uses including in construction and electronics – will double in the next three decades.
Thailand's 'floating train' a big hit as dam waters rise
The "floating train" in Thailand that only runs on the weekends from November to February has given attendees the illusion of aquatic travel and has continued to sell out fast.