Brian Rayle News
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Joy Global Inc., the world’s second-largest maker of mining equipment, expects demand from coal producers in China to gain this year as the economy picks up and energy use increases.
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Joy Global Inc., which generated the biggest shareholder returns of any industrial company in America over the past three years, would now be worth about 50 percent more as a takeover target for Komatsu Ltd. or Volvo AB.
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Caterpillar Inc., the second-best performer in the Dow Jones Industrial Average earlier this year, has become one of the index’s biggest losers as slowing global economic growth prompts analysts to cut profit estimates.
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Joy Global Inc. may attract a buyer as it becomes the only equipment maker focused on mining machinery after its competitor Bucyrus International Inc. is acquired, according to Northcoast Research Partners LLC.
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Eaton Corp. , a maker of parts for factory equipment and cranes, raised its full-year profit forecast as third-quarter net income climbed 39 percent on higher sales of hydraulic components.
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Caterpillar Inc. , the world’s largest maker of construction and mining equipment, raised its full-year earnings forecast and posted third-quarter profit that topped analysts’ estimates. The shares fell after it said tax, pension and research costs will rise in 2011.
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Caterpillar Inc. , the world’s largest maker of construction and mining equipment, fell in New York trading after saying it expects cost “headwinds” in 2011.
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