Industrials

Acquistions Help Fuel 29% Jump in 1Q Net at Caterpillar

Economic bellwether Caterpillar generated a stronger-than-expected 29% leap in first-quarter profits as the world’s largest maker of construction equipment capitalized on new acquisitions and strong demand.

United Tech Beats Street on Profit, Misses on Sales

United Technologies posted a first-quarter profit that beat expectations on strong demand for residential heating and cooling systems. However, the blue-chip manufacturer's revenue came in short of forecasts.

Steel Dynamics Warns of Big 1Q Miss

Following in the footsteps of another steelmaker, Steel Dynamics warned Wall Street on Friday it expects to generate first-quarter earnings that will miss analysts’ expectations due to a surprise shrinkage in margins.

Jack Daniel's Maker to Hike Prices

Brown-Forman Corp., the parent of Jack Daniel's, Finlandia vodka and Southern Comfort, reported a weaker-than-expected quarterly profit and said the time was becoming right for price increases.

Kraft's New Snack Business to be Called 'Mondelez'

Kraft said Wednesday that its new international snack business would be called Mondelez International once it splits it from the company's North American grocery business later this year.

General Mills Profit Softens in 3Q

The maker of Cheerios cereal and Progresso soups posted a slight decline in quarterly profit and stood by its lowered full-year forecast as it faces higher materials costs.