CHICAGO In 2018, Whirlpool Corp swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs.
(Reuters) -Deere & Co on Friday raised its full-year earnings on buoyant demand for farm and construction machines, but warned a global shortage of semiconductor chips posed a "significant" risk to its production schedule. | Video
May 21 Deere & Co on Friday raised its
full-year earnings forecast after a 169% surge in quarterly
profit, as a recovering global economy boosts demand for farm
machine and construction equipment.
CHICAGO (Reuters) -Harley-Davidson Inc's shares soared to their highest level in over three years on Monday after the European Union decided to suspend a planned increase in retaliatory tariffs on the company's motorcycles as part of a partial trade truce with the United States.
NEW YORK/CHICAGO (Reuters) -General Electric Co shareholders rejected top executives' compensation packages, including a payout of as much as $230 million to CEO Larry Culp, at the industrial conglomerate's annual shareholder meeting on Tuesday.
NEW YORK, May 4 A majority of shareholders at
the General Electric Co annual general meeting rejected
the pay packages for named executive officers, including CEO
Larry Culp, whose compensation for 2020 tallied $73.2 million.
CHICAGO Caterpillar Inc on Thursday reported higher quarterly earnings but warned supply-chain bottlenecks, particularly a global shortage of semiconductor chips, could affect its ability to keep up with increasing customer orders.
WASHINGTON/CHICAGO The Biden administration faces a major dilemma in its dispute with the European Union over Trump-era steel and aluminum tariffs: back down to avoid acute pain for Harley-Davidson Inc and whiskey distillers or stick with the duties even though they are now exacerbating acute shortages for U.S. manufacturers.
General Electric's cash outflow was smaller than estimated in the first quarter even as its lucrative jet-engine business struggled with the pandemic-led collapse of air travel, driving down company revenue.