One hundred days before the start of the most expensive Winter Olympics, President Vladimir Putin’s $48 billion vision of a newly empowered Russia rests in the hands and shovels of laborers working around the clock.
Komatsu Ltd. , the world’s second- largest maker of mining trucks and excavators, plans to seek more customers for bio-diesel fuel from a joint venture pilot project in Indonesia that’s due to start output this year.
Dan Loeb’s Third Point Reinsurance Ltd., which had a public offering last month, will probably produce better underwriting results than David Einhorn’s Greenlight Capital Re Ltd., JPMorgan Chase & Co. analysts said.
Hitachi Construction Machinery Co., the world’s biggest maker of giant excavators, expects its global sales of mining equipment to reach a record this year as customers press ahead with projects in resource-rich countries.
Komatsu Ltd.’s decline in first- quarter operating profit shows a lower yen and growth in Japan aren’t enough to overcome weakness among its customers, threatening a strategy built around boosting margins through sales of more expensive mining equipment.