Cummins Inc (CMI.N)
27 Aug 2014
|Market Cap (Mil.):||$26,514.74|
|Shares Outstanding (Mil.):||183.91|
(The following statement was released by the rating agency) CHICAGO, August 26 (Fitch) Fitch Ratings has affirmed Cummins, Inc.'s (CMI) Issuer Default Rating (IDR) and long-term debt ratings at 'A'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS The ratings incorporate CMI's strong operating profile including competitive positions in its engine and power generation markets, technological capabilities, and global distributio
(Corrects AUG 19 story to show engine maker Westport, not Cummins, paragraph 16)
LONDON - Cheap natural gas is starting to revolutionize traffic on U.S. roads, cutting bills for some of the country’s heaviest fuel users while reducing carbon emissions and other pollution.
LONDON, Aug 19 - Cheap natural gas is starting to revolutionise traffic on U.S. roads, cutting bills for some of the country's heaviest fuel users while reducing carbon emissions and other pollution.
(John Kemp is a Reuters market analyst. The views expressed are his own)
* North America sales up 14 pct; international down 1 pct
- Cummins Inc, which makes engines and other vehicle components, reported a 7 percent rise in quarterly revenue and raised its full-year revenue forecast, citing improving demand from makers of pickup trucks and motor homes in North America.
July 28 - Cummins Inc, the U.S. maker of engines and other vehicle components, reported a 7.7 percent rise in quarterly profit and raised its full-year revenue forecast, citing improving demand in North America.
- Cummins Inc posted results on Tuesday that topped analysts expectations and raised its full-year forecast as strong demand for its engines and vehicle components in North America offset weakness in many other parts of the world.
April 29 - Cummins Inc posted results on Tuesday that topped analysts expectations and raised its full-year forecast as strong demand for its engines and vehicle components in North America offset weakness in many other parts of the world.
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