Rajesh Kumar Singh

Manufacturers have an answer to higher costs: Pass them on

Jun 23 2021

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.

Deere raises earnings forecast, flags production risks

May 21 2021

(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

REFILE-UPDATE 3-Deere raises forecast as profit more than doubles on equipment demand

May 21 2021

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.

Harley's shares hit 3-year high on EU-US trade truce

May 17 2021

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.

GE shareholders reject CEO Culp's $230 million pay in rare rebuke

May 04 2021

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.

General Electric shareholders reject CEO Larry Culp's pay

May 04 2021

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.

Caterpillar flags supply-chain risks as global recovery boosts earnings

Apr 29 2021

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.

Biden's EU trade dilemma: more pain for Harley, distillers or back off metals tariffs?

Apr 29 2021

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 reports smaller cash outflow, reaffirms 2021 outlook

Apr 27 2021

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.

World News