Correspondent, Chicago
James's Feed
Jun 21, 2013

As boomers age, Harley hunts for younger riders

CHICAGO (Reuters) – Harley-Davidson Inc(HOG.N: Quote, Profile, Research) doesn’t do much quietly. Its motorcycles are notoriously noisy. Its slogans – “Screw It. Let’s Ride.” – are loud too.

So why was the Milwaukee company quiet last year when by its own numbers it successfully zoomed past a demographic hazard analysts had fretted about for years?

Jun 14, 2013

(OFFICIAL)-FEATURE-US shale is a boon to manufacturers but not their workers

YOUNGSTOWN, Ohio, June 14 (Reuters) – This city has been
down for so long, it’s hard to believe what’s risen up here in
the heart of America’s “Rust Belt.”

On an industrial site littered with scrap metal, a
French-Japanese joint venture called Vallourec Star has just
opened a $1.1 billion state-of-the-art steel pipe mill.

Jun 14, 2013

U.S. shale is a boon to manufacturers but not their workers

YOUNGSTOWN, Ohio, June 14 (Reuters) – This city has been
down for so long, it’s hard to believe what’s risen up here in
the heart of America’s “Rust Belt.”

On an industrial site littered with scrap metal, a
French-Japanese joint venture called Vallourec Star has just
opened a $1.1 billion state-of-the-art steel pipe mill.

May 17, 2013

China deal ends distraction, but not questions, for Caterpillar

CHICAGO (Reuters) – Caterpillar Inc’s (CAT.N: Quote, Profile, Research, Stock Buzz) deal to cut the purchase price of a Chinese mining-equipment maker it bought last year ends an embarrassing episode that overshadowed the company’s effort to expand in China and distracted its executives for months.

Now, analysts say, comes the hard part: Proving to investors that ERA Mining Machinery, the Chinese maker of hydraulic roof supports that Caterpillar purchased, really can help penetrate China’s huge underground mining market.

May 15, 2013

Deere results beat estimates, but company cautious

May 15 (Reuters) – Deere & Co reported
higher-than-expected quarterly results on Wednesday and forecast
a record profit for the full year, but it said it was cautious
because of weakness in the construction market.

Shares of the Deere, the world’s largest maker of farm
equipment, fell 3.8 percent to $90.25 in trading before the
market opened.

Apr 25, 2013

Harley-Davidson sees consumer rebound accelerating; stock up

By James B. Kelleher

(Reuters) – Harley-Davidson Inc (HOG.N: Quote, Profile, Research, Stock Buzz) sounded an upbeat note about the state of the global consumer on Thursday with a 34 percent increase in quarterly profit and a big jump in shipments of its iconic motorcycles ahead of the traditional spring selling season.

The Milwaukee-based company, closely watched because of the window it provides on discretionary spending, said overall revenue from bikes, parts and accessories, and apparel rose 9.8 percent to $1.57 billion in the most recent quarter.

Apr 25, 2013

Harley-Davidson posts higher profit, stock rises 3 percent

By James B. Kelleher

(Reuters) – Harley-Davidson Inc (HOG.N: Quote, Profile, Research, Stock Buzz) reported profits on Thursday that were in line with expectations and kept its full-year shipment forecast unchanged as its five-year-long restructuring effort continued to boost its financial performance.

The Milwaukee-based motorcycle maker posted a first-quarter profit of $224.1 million, or 99 cents a share, up from $172.0 million, or 74 cents a share a year ago. The gains came even as dealer retail sales in several key markets showed signs of weakness.

Apr 25, 2013

Harley-Davidson posts higher profit, sticks to forecast

April 25 (Reuters) – Harley-Davidson Inc reported a
sharply higher profit in line with expectations and kept its
full-year shipment forecast unchanged, even as dealer retail
sales in several key markets showed signs of weakness.

The Milwaukee-based company on Thursday posted a
first-quarter profit of $224.1 million, or 99 cents a share, up
from $172.0 million, or 74 cents a share a year ago.

Apr 23, 2013

Analysis: Caterpillar cries “uncle” on mining; investors cry “buy”

CHICAGO (Reuters) – An odd thing happened on Monday when Caterpillar Inc (CAT.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness in the mining industry it bet on so heavily in recent years.

Its shares rallied.

When other big U.S. companies, including General Electric (GE.N: Quote, Profile, Research, Stock Buzz), International Business Machines Corp (IBM.N: Quote, Profile, Research, Stock Buzz) and Textron Inc (TXT.N: Quote, Profile, Research, Stock Buzz), have warned of slowing profit growth in recent days, the news has unnerved investors and sent their stock prices lower.

Apr 22, 2013

Caterpillar cries “uncle” on mining; investors cry “buy”

CHICAGO (Reuters) – An odd thing happened on Monday when Caterpillar Inc (CAT.N: Quote, Profile, Research, Stock Buzz), the world’s largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness in the mining industry it bet on so heavily in recent years.

Its shares rallied.

When other big U.S. companies, including General Electric (GE.N: Quote, Profile, Research, Stock Buzz), International Business Machines Corp (IBM.N: Quote, Profile, Research, Stock Buzz) and Textron Inc (TXT.N: Quote, Profile, Research, Stock Buzz), have warned of slowing profit growth in recent days, the news has unnerved investors and sent their stock prices lower.