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A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 23% in April from a year ago, as companies went on their largest buying spree of the year so far.Respondents to the Equipment Leasing and Finance Association's monthly survey published Thursday said they financed $7.5 billion of new equipment last month, up from $6.1 billion in April 2012. Financed purchases in April rose 10% above March. April's volume was the largest since December. For the year, business volume is up 8% over the same time in 2012.Observers said the robust financing volume suggests U.S. businesses are stepping up their capital investments after a prolonged stretch of reduced spending caused by weak sales growth and anxiety about the U.S. government budget and taxes."Over the last four years businesses of all sizes have pursued a defensive strategy of austerity," Paul J. Menzel, CEO of Financial Pacific Leasing LLC in Federal Way, Wash., said. "The anemic revenue story ma...
U.S. stocks moderated Wednesday losses after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.The...
U.S. stocks declined on Wednesday, retreating a day after another record-setting rally, as data showed an unexpected contraction in New York-area manufacturing.The N...
Deere (NYSE:DE) revealed a better-than-expected 3% improvement in second-quarter earnings amid surprisingly strong sales on Wednesday but said adverse weather and ot...
Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, largely owing to continued growth in farm-equipment sales in the U.S. and Canada.Shares were down 5% to ...
Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, largely owing to continued growth in farm-equipment sales in the U.S. and Canada.Shares were down 11.2% ...
Deere & Co. reported its second-quarter profit rose 3% to $1.08 billion, or $2.76 a share, from $1.06 billion, or $2.61 a share, a year earlier. Revenue rose to $10....
Earnings from retailers and lots of economic data related to inflation and housing will keep investors busy next week.Bellwether retailers scheduled to release their...
Investors are gearing up for next week's slew of quarterly reports from some of the largest U.S. retailers. Macy's Inc. (M) kicks things off Wednesday, followed by W...
Italian truck and tractor maker Fiat Industrial SpA cut its 2013 targets after sales in recession-hit Europe continued to fall, pushing its truck unit to a first-qua...
Eaton Corp.'s (ETN) first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but the company's base sales without the benefit of Cooper we...
Parker Hannifin Corp.'s (PH) fiscal third-quarter earnings tumbled 18%, amid lower sales and orders that reflect the weakness in global manufacturing.The diversified...
Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.Companies signed up for $6.8...
SHERIDAN, Illinois (Reuters) - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools ...
Deere & Co. was downgraded to sell from neutral by Goldman Sachs, and its price target was cut to $85 from $98 per share in a noted dated May 17. Leading analyst Jer...
U.S. stocks rose Wednesday, with hopes for ongoing central-bank stimulus bolstering sentiment amid economic reports illustrating a contraction in manufacturing."It s...
U.S. stocks mostly rose Wednesday, with hopes for ongoing central-bank stimulus-bolstering sentiment amid economic reports illustrating a contraction in manufacturin...
Deere & Co issued a cautious fiscal-year outlook that sent its shares down more than 5 percent and overshadowed a rise in quarterly profit.The No. 1 farm equipment m...
Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, but the company whittled its sales outlook for the year amid concerns that cool, wet weather in the U.S....
U.S. stocks turned higher Wednesday after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.Wednes...
