The Other Side of Life 24/7: Business Today: Commodity prices hit Caterpillar profit, warns low oil will hurt '15

Tuesday, January 27, 2015

Business Today: Commodity prices hit Caterpillar profit, warns low oil will hurt '15

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01/27/2015

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Commodity prices hit Caterpillar profit, warns low oil will hurt '15

CHICAGO (Reuters) - Caterpillar Inc on Tuesday reported lower quarterly net profit that missed expectations as lower prices for copper, coal and iron ore hurt mining equipment orders, and warned the recent fall in oil prices would make for a difficult year in 2015.

U.S. core capital goods orders fall again in December

WASHINGTON (Reuters) - A gauge of U.S. business investment plans unexpectedly fell in December, a potential sign that a slowing global growth and falling crude oil prices was starting to have an impact on the economy.

Stock futures slide with Microsoft, Caterpillar; Greek worries linger

NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday, weighed by company earnings results including those of sector bellwethers Microsoft and Caterpillar.

Oil price recovers as dollar weakens against euro

LONDON (Reuters) - Oil prices steadied above $48 a barrel on Tuesday, recovering from earlier losses as the dollar weakened against the euro.

P&G warns of drop in full-year net sales as dollar strengthens

(Reuters) - Procter & Gamble Co , the world's largest household products maker, said net sales would fall 3-4 percent in the full year due to a stronger dollar, sending its shares down 3 percent in premarket trading.

Lockheed Martin revenue beats as F-35 fighter jet demand rises

(Reuters) - Lockheed Martin Corp , the Pentagon's largest arms supplier, reported a better-than-expected 8.6 percent rise in quarterly revenue, helped by higher demand for its F-35 fighter jets.

Pfizer's 2015 forecast disappoints, crimped by generics, dollar

(Reuters) - Pfizer Inc reported stronger-than-expected quarterly results as sales of vaccines and cancer drugs increased, but the company forecast 2015 earnings below Wall Street expectations, citing patent expirations and the stronger dollar.

DuPont plans $4 billion share buyback

(Reuters) - DuPont , under pressure from activist investor Nelson Peltz to improve shareholder returns, said it plans to buy back up to $4 billion of its stock using a dividend expected from a spinoff of its performance chemicals business.

Exclusive: Apple supplier Foxconn to shrink workforce as sales growth stalls

SHENZHEN, China (Reuters) - Taiwan's Foxconn Technology Group, the world's largest contract electronics manufacturer, will cut its massive workforce, the company told Reuters, as the Apple Inc supplier faces declining revenue growth and rising wages in China.

Nelson Peltz slashes stake in Family Dollar

(Reuters) - Investor Nelson Peltz's Trian Fund Management LP slashed its stake in Family Dollar Stores Inc by more than two-thirds to 2.07 percent, days after the company's shareholders agreed to Dollar Tree Inc's $8.5 billion buyout offer.