The woman who ran Bernard Madoff’s investment advisory business admitted she didn’t tell federal investigators in 2009 that her duties included backdating trades and turning stocks into bonds with a few pen-strokes.
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.
Joy Global Inc. Chief Executive Officer Mike Sutherlin said the Milwaukee-based maker of mining equipment is considering acquisitions valued at more than $400 million and is in talks that may lead to a deal.
Joy Global Inc., the world’s second-largest maker of mining equipment, refuted allegations made about its International Mining Machinery Holdings Ltd. unit and said it has a “high level of comfort” in the reported results of the business it bought in China last year.
Joy Global Inc., the world’s fourth- largest mining equipment maker, cut its full-year profit and sales forecasts and said revenue may not increase next year as commodity demand slowed in the U.S. and China.
Joy Global Inc., the world’s largest maker of underground mining equipment, forecast lower-than- expected earnings for fiscal 2014 as customers continue to restrict spending after a decline in commodity prices.