Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Thursday, July 10, 2008

CNH Global N.V. to Release 2nd Quarter 2008 Earnings and Hold Conference Call on Wednesday, July 23, 2008

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Comtex

BURR RIDGE, IL, Jul 10, 2008 (MARKET WIRE via COMTEX) ----CNH Global N.V. (NYSE: CNH) will release second quarter financial results at approximately 2:00 a.m. Eastern time on Wednesday, July 23, 2008. The full text of the release, along with the financial statements, will be available both from Marketwire and on http://www.cnh.com.

Also on July 23 at approximately 7:30 a.m. Eastern time, CNH will provide a live, listen-only, audio Webcast of the company's quarterly conference call with security analysts and institutional investors. The Webcast can be accessed either through http://www.cnh.com or CCBN's individual investor center at http://www.earnings.com. Anyone unable to listen to the live Webcast can access the replay at either site for two weeks following the event.

CNH Global N.V. is a world leader in the agricultural and construction equipment businesses. Supported by more than 11,000 dealers in 160 countries, CNH brings together the knowledge and heritage of its Case and New Holland brand families with the strength and resources of its worldwide commercial, industrial, product support and finance organizations. CNH Global N.V., whose stock is listed at the New York Stock Exchange (NYSE: CNH), is a majority-owned subsidiary of Fiat S.p.A. (FIA.MI). More information about CNH and its Case and New Holland products can be found online at www.cnh.com.

 Thomas Witom News and Information
   (630) 887-2345 Albert Trefts, Jr. Investor Relations (630) 887-2385

SOURCE: CNH

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