Industrials

Caterpillar Profit Beats on Cost-Cutting

Dow component Caterpillar reported an adjusted 4Q profit of $0.74 per share, topping the estimate for $0.69. Revenue for the heavy equipment company came in at $11.03 billion, missing the estimate for $11.4 billion.

DuPont Forecasts Higher 2016 Earnings

Chemicals and seed producer DuPont forecast higher 2016 earnings, helped by aggressive cost-cutting to offset continued pressure from a strong dollar and weakness in its farm business.

Johnson Controls to Merge with Tyco

Johnson Controls, a maker of car batteries and heating and ventilation equipment, said on Monday it would merge with Ireland-based fire protection and security systems maker Tyco International.

Goldman Sachs’ Stock Plays for Paris Climate Deal

Officials from countries around the world recently signed off on the most important climate agreement since the Kyoto Protocol was signed in 1997. Wall Street is weighing in, with Goldman Sachs saying that it sees “the deal as a boost to the low carbon economy, now a fast-growing $600 billion-plus market.”