Correspondent, Chicago
James's Feed
Aug 14, 2013

Deere posts strong profit, but farmbelt spending a concern

CHICAGO (Reuters) – Deere & Co (DE.N: Quote, Profile, Research, Stock Buzz) reported a much higher-than-expected quarterly profit on Wednesday on strong sales of its tractors and harvesters in the Americas, but some analysts said the results represented the high-water mark for the company in the current farm cycle.

Deere also said sales for the current quarter would be 5 percent lower than a year earlier. Its shares fell more than 1 percent.

Jul 25, 2013

Harley-Davidson profit rises as U.S. demand rebounds

CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N: Quote, Profile, Research, Stock Buzz) reported a 9.9 percent rise in its quarterly profit rose on Thursday, helped by a modest rebound in demand for its motorcycles in the United States, its No. 1 market.

But the Milwaukee-based company stuck by its forecast for annual motorcycle shipments, suggesting sentiment among would-be buyers remained cautious and that the bike maker does not anticipate a late surge in demand in the third quarter, the tail end of its traditional selling season.

Jul 25, 2013

Harley-Davidson posts higher profit as U.S. demand rebounds

CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N: Quote, Profile, Research, Stock Buzz) posted higher quarterly profit on Thursday, lifted in part by a modest rebound in demand for its motorcycles in the United States, its No. 1 market.

But the Milwaukee-based company stuck by its forecast for annual motorcycle shipments, suggesting sentiment among would-be buyers remained cautious and that the bike maker does not anticipate a late surge in demand in the third quarter, the tail end of its traditional selling season.

Jul 25, 2013

China growth picture may dim but for Caterpillar it’s a bright spot

CHICAGO, July 24 (Reuters) – Few U.S. companies have had a
harder time in recent months defending their enthusiasm for
China than Caterpillar Inc.

In January, executives acknowledged that accounting
misconduct at a Chinese subsidiary would wipe out nearly half of
Caterpillar’s expected earnings in the fourth quarter of 2012.
Last week, its China exposure was criticized by a top
short-seller who warned China’s economic growth was essentially
a state-sponsored bubble that was about to burst.

Jul 24, 2013

Caterpillar slashes outlook, plans more cost cuts

By James B. Kelleher

(Reuters) – Caterpillar Inc (CAT.N: Quote, Profile, Research, Stock Buzz) reported a 43.5 percent drop in quarterly profit and cut its outlook for the year on Wednesday, blaming steeper-than-expected inventory reductions by dealers and continued weak demand from the mining industry.

The world’s largest maker of mining and construction equipment, which has reduced its worldwide workforce by 8 percent in the past year, said the cost-paring would continue in the second half. It did not give details.

Jul 23, 2013

Dealer data from Caterpillar suggests second-quarter results may be weak

CHICAGO (Reuters) – Caterpillar Inc (CAT.N: Quote, Profile, Research, Stock Buzz) released unaudited dealer data on Tuesday showing a slowdown in sales of its heavy equipment everywhere except North America, a possible warning sign ahead of the company’s second-quarter earnings due on Wednesday.

The world’s largest maker of construction and mining equipment said global dealer sales of its yellow earthmoving machines were down 8 percent year-over-year in June.

Jul 23, 2013

Dealer data from Caterpillar suggests 2nd-qtr results may be weak

CHICAGO, July 23 (Reuters) – Caterpillar Inc
released unaudited dealer data on Tuesday showing a slowdown in
sales of its heavy equipment everywhere except North America, a
possible warning sign ahead of the company’s second-quarter
earnings due on Wednesday.

The world’s largest maker of construction and mining
equipment said global dealer sales of its yellow earthmoving
machines were down 8 percent year-over-year in June.

Jul 19, 2013

Whirlpool, Electrolux see a rebounding Europe

CHICAGO, July 19 (Reuters) – Home-appliance manufacturer
Whirlpool Corp and Swedish rival Electrolux AB
forecast a strong rebound in demand from Europe,
suggesting consumer confidence may be turning the corner after
being battered by a debt crisis and austerity measures.

Whirlpool profit surged 75 percent in the second quarter on
rising sales in all of its markets, especially Europe and the
United States, where the housing recovery boosted demand for
appliances.

Jul 19, 2013

Whirlpool profits surge as sales rebound; company raises outlook

CHICAGO (Reuters) – Whirlpool Corp (WHR.N: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America.

The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States.

Jun 21, 2013

Analysis: As boomers age, Harley hunts for younger riders

CHICAGO (Reuters) – Harley-Davidson Inc 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?