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(Reuters) — Caterpillar Inc. has decided to close its Electro-Motive locomotive plant in London, Ontario, and lay off at least 450 workers following several months of unsuccessful contract negotiations with the Canadian Auto Workers union.…
(Crain's) — Within the next few months, Boeing has to decide whether it will cease production of the C-17 Globemaster III military cargo line.…
(Crain's) — The program expands on a prototype dual-fuel vehicle that Navistar launched last year. As part of the expansion, the truck maker will again use engines supplied by Cummins.…
(Reuters) — Illinois Tool Works reported a 33 percent increase in fourth-quarter earnings that beat expectations.…
(Reuters) — Archer Daniels Midland Co. reported sharply lower quarterly earnings, well below analysts' expectations, and cut its capital spending plans, sending its shares down 4 percent.…
(Crain's) — Chrysler is expected to announce next week that it will add more than 1,600 jobs to its Belvidere plant, in part to help build the Dodge Dart.…
(AP) — Caterpillar Inc. said Thursday that its fourth-quarter profit jumped 60 percent, boosted by pent-up demand for replacement equipment and continuing economic growth in developing countries.…
(AP) — Budget airline Norwegian Air Shuttle ASA on Wednesday said it has signed deals worth $21.6 billion to buy 222 planes from Boeing and Airbus.…
(Reuters) — Electronic components maker Molex Inc. posted second-quarter results below Wall Street expectations, hurt by weak demand and manufacturing disruptions caused by the Thailand floods, and forecast a weak third quarter.…
(AP) — Boeing says its fourth-quarter net income jumped 20 percent as it delivered more planes and a brisk commercial aircraft business offset a flat quarter for defense.…
(Reuters) — Paper container maker Packaging Corp. of America reported quarterly results that beat analysts' expectations and forecast a strong current quarter on strong shipments for its corrugated products.…
(AP) — Airbus took in a record number of orders for new commercial aircraft last year as strong demand for its revamped single-aisle plane helped it best fierce U.S. rival Boeing Co. in the race for orders for the fourth year running.…
(AP) — Industrial equipment maker Illinois Tool Works said investment firm Relational Investors will have the option to appoint a director to ITW's board.…
(AP) — Archer Daniels Midland Co. said Thursday it is ending a biodegradable plastics joint venture with Metabolix Inc. because of the venture's cost, and uncertainty about its returns.…
(Reuters) — Boeing Co. said it took orders for 28 new commercial airplanes in the week ended Thursday.…
(AP) — Deere & Co. is set to build its second tractor factory in India, breaking ground on a site in Dewas.…
(Crain's) — Archer Daniels Midland's move could include losing hundreds of positions in Illinois.…
(Reuters) — The U.S. Air Force awarded Boeing and Lockheed Martin's United Launch Alliance a $1.52 billion contract for a variety of satellites, according to a list of military contracts published on Tuesday.…
(Reuters) — Boeing Co. expects to see continued robust demand for the current model of its narrow-body 737 - the Next Generation - even as it promotes the upcoming 737 MAX and its promises of fuel efficiency, the head of Boeing's 737 program said on Tuesday.…
(Reuters) — Navistar International Corp. said on Tuesday it won an $880 million delivery order to upgrade more than 2,700 Marine Corps MRAP vehicles, lifting company shares 4.2 percent early in the trading session.…
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