Caterpillar Sales Soar, Warns Of Margin Pressure
By Bianca Flowers and Uday Sampath Kumar (Reuters) -Caterpillar Inc topped Wall Street estimates with a fourth quarter revenue increase…
January 28, 2022
Oil Hits Over 7-year High On Political Risks, Supply Crunch
By Swati Verma BENGALURU (Reuters) – Oil prices extended gains to their highest levels in over seven years on Friday…
Argentina reaches agreement with IMF to refinance debt
BUENOS AIRES, Argentina (AP) — Argentina has reached an agreement with the International Monetary Fund to refinance more than $40…
Daimler AG To Rebrand As Mercedes-Benz On Feb. 1
BERLIN (Reuters) – Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday – nearly a year after the…
U.S. Consumer Spending Falls In December; Inflation Increases
WASHINGTON (Reuters) – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid…
A key inflation gauge rose 5.8% in 2021, most in 39 years
WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the…
China Says U.S. Should Stop ‘unreasonable Suppression’ Of Chinese Companies
HONG KONG (Reuters) – The United States should immediately stop “unreasonable suppression” of Chinese companies and treat them fairly, China’s…
Caterpillar Warns Of Margin Pressure As Production Costs Bite
(Reuters) -Caterpillar Inc warned on Friday its first-quarter operating margins could take a hit from higher production and labor costs,…
Huge demand at Caterpillar, but global supply constrains
Caterpillar’s sales surged in the final quarter of the year despite ongoing disruptions in the global supply chain that have…
HP Wins Fraud Case Against UK Tech Tycoon Mike Lynch
By Paul Sandle and Kate Holton LONDON (Reuters) -Hewlett-Packard won the majority of its civil case against British tech tycoon…