MINNEAPOLIS (AP) — Caterpillar's mining business is down in a hole.
Its third-quarter earnings plunged 44 percent and it cut its forecast, again. It said revenue will be almost $11 billion lower than last year, a drop of 17 percent. Most of the decline is in its mining gear business, where revenue is expected to fall 40 percent.
2. An attempt to legalize hemp farming in Tennessee is getting pushback, despite its economic potential - Friday, October 04, 2013
In Tennessee, the idea of hemp is hot. For at least a couple of legislators and an equal number of grassroots advocates in the state, hemp could be the second coming of corn in terms of its potential as a crop with a diversity of uses.3. Bank of America sells China bank stake for $1.47B - Friday, August 30, 2013
HONG KONG (AP) — Bank of America sold a $1.47 billion stake in China Construction Bank on Wednesday, the latest foreign institution to shed its investment in a Chinese lender after initial optimism about the potentially lucrative market wore off.4. An early gain fades on Wall Street - Friday, August 02, 2013
NEW YORK (AP) — An early rally on Wall Street fizzled, leaving the stock market slightly higher in midday trading Thursday.
Miners and other companies that make basic materials surged after news that China's trade rebounded in July, signaling the end of a six-month slowdown for the world's second-largest economy.
5. US employers add 162K jobs, rate falls to 7.4 pct. - Friday, August 02, 2013
WASHINGTON (AP) — U.S. employers added 162,000 jobs in July, a modest increase and the fewest since March. At the same time, the unemployment rate fell to a 4½-year low of 7.4 percent, a hopeful sign.6. Caterpillar 2Q profit falls 43 pct; cuts outlook - Friday, July 19, 2013
PEORIA, Illinois (AP) — Caterpillar says its second-quarter profit fell 43 percent as dealers cut inventories more than it had anticipated and the company cut its profit and revenue outlook for the year.7. Grim Caterpillar outlook tugs stocks mostly lower - Friday, July 19, 2013
NEW YORK (AP) — A gloomy outlook from Caterpillar, the world's largest construction equipment company, tugged the stock market lower Wednesday.
The meager drop gave the stock market two consecutive days of losses, the first time that's happened all month.
8. Weak China data, falling US stocks push oil lower - Friday, July 19, 2013
NEW YORK (AP) — Weak manufacturing data from China and falling U.S. stock markets pushed oil to its biggest one-day decline in five weeks Wednesday.
Benchmark crude for September delivery dropped $1.84, or 1.7 percent, to close at $105.39 a barrel on the New York Mercantile Exchange. That's the biggest percentage decline since June 21.
9. Ford raises profit forecast on strong 2Q results - Friday, July 19, 2013
DEARBORN, Mich. (AP) — Ford Motor Co. reported better-than-expected earnings for the second quarter and raised its profit and sales forecasts for the year as strong U.S. pickup truck demand and growing sales in China offset persistent — but narrowing — losses in Europe.10. US economy looks weaker after subpar retail sales - Friday, July 12, 2013
WASHINGTON (AP) — The U.S. economy appears to be weaker than many economists had thought after a report Monday showed consumers spent cautiously in June at retail businesses.
Americans bought more cars and trucks, furniture and clothes. But they cut back almost everywhere else. They spent less at restaurants and bars, reduced purchases at home improvement stores, and bought fewer computers and electronics.
11. US manufacturing gauge sinks to June 2009 level - Friday, May 31, 2013
WASHINGTON (AP) — A measure of U.S. manufacturing fell in May to its lowest level since June 2009 as slumping overseas economies and weak business spending reduced new orders and production.
The Institute for Supply Management said Monday that its index of manufacturing activity fell to 49 last month from 50.7 in April. That's the lowest level in nearly four years and the first time the index has dipped below 50 since November. A reading under 50 indicates contraction.12. GM profit falls 14 pct in 1Q; Europe loss narrows - Friday, April 26, 2013
DETROIT (AP) — General Motors' net income fell 14 percent in the first quarter, as it earned less money in North America while preparing to launch a redesigned version of its best-selling vehicle, the Silverado pickup.13. Oil sinks on China manufacturing and US supplies - Friday, April 26, 2013
NEW YORK (AP) — The price of oil dropped more than 2 percent Wednesday, following disappointing economic news from the world's two biggest oil-consuming nations and a large increase in U.S. crude supplies.14. US economy accelerates at 2.5 percent rate in Q1 - Friday, April 26, 2013
WASHINGTON (AP) — Americans shrugged off higher taxes to lift the U.S. economy at the start of the year. Government spending fell, though, and the impact of the tax increases along with federal budget cuts could slow growth later this year.15. Barge Waggoner promotes quartet of vice presidents - Friday, April 26, 2013
Award-winning architecture and engineering firm Barge Waggoner Sumner and Cannon, Inc. appointed four new vice presidents at its recent annual stockholders’ meeting:16. Ford's first quarter profit up 15 pct to $1.6B - Friday, April 19, 2013
DEARBORN, Mich. (AP) — Ford Motor Co. reported a better-than-expected $1.6 billion profit in the first quarter as growing demand in the U.S. and China for its new vehicles helped overcome steep losses in Europe and South America.17. Report: US footing greater bill for overseas bases - Friday, April 12, 2013
WASHINGTON (AP) — The United States is footing more of the bill for overseas bases in Germany, Japan and South Korea even as the military reduces the number of American troops in Europe and strategically repositions forces in Asia, a congressional report says.18. Stock market rebounds from worst day of the year - Friday, April 12, 2013
NEW YORK (AP) — Strong housing and earnings reports helped stocks rebound from their worst day of the year.
The Dow Jones industrial average rose 157.58 points, or 1.1 percent, on Tuesday, to 14,756.78, winning back more than half of the 265 points it lost a day earlier. The Standard & Poor's 500 index logged its second-best day of the year.
19. US adds 236K jobs, unemployment falls to 7.7 pct. - Friday, March 08, 2013
WASHINGTON (AP) — A burst of hiring last month added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January. The robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.20. Caterpillar 4Q profits cut in half; 2013 uncertain - Friday, January 25, 2013
MINNEAPOLIS (AP) — Caterpillar's fourth-quarter profit was cut in half by a deal in China that went bad and by slower growth around most of the world. It said results for this year depend on how the global economy behaves in the second half.21. AP IMPACT: Recession, tech kill middle-class jobs - Friday, January 18, 2013
NEW YORK (AP) — Five years after the start of the Great Recession, the toll is terrifyingly clear: Millions of middle-class jobs have been lost in developed countries the world over.
And the situation is even worse than it appears.22. Hemlock laying off workers, production pushed back - Friday, January 11, 2013
CLARKSVILLE (AP) — Hemlock Semiconductor is laying off three-fourths of its employees in Clarksville shortly before the planned start of production at its new $1.2 billion plant.
Officials of the Michigan-based company met with The Leaf-Chronicle (http://leafne.ws/WX8wuq) on Monday and said the company is laying off 300 of its 400 employees in Clarksville and 100 workers at its Michigan plant.23. Lawmakers release documents on Wal-Mart bribery - Friday, January 11, 2013
NEW YORK (AP) — Lawmakers are making public emails that show that Wal-Mart Stores Inc.'s CEO found out in 2005 that the retailer was handing out bribes in Mexico.24. World's longest fast train line opens in China - Friday, December 21, 2012
BEIJING (AP) — China on Wednesday opened the world's longest high-speed rail line that more than halves the time required to travel from the country's capital in the north to Guangzhou, an economic hub in southern China.25. Illegal immigration drops after decade-long rise - Friday, November 30, 2012
WASHINGTON (AP) — New census data released Thursday affirm a clear and sustained drop in illegal immigration, ending more than a decade of increases.
The number of illegal immigrants in the U.S. dropped to an estimated 11.1 million last year from a peak of 12 million in 2007, part of an overall waning of Hispanic immigration. For the first time since 1910, Hispanic immigration last year was topped by immigrants from Asia.26. Obama pipeline decision may preview energy policy - Friday, November 30, 2012
WASHINGTON (AP) — It's a decision President Barack Obama put off during the 2012 campaign, but now that he's won a second term, his next move on a proposed oil pipeline between the U.S. and Canada may signal how he will deal with climate and energy issues in the four years ahead.27. Consumers give US economy a lift before election - Friday, October 26, 2012
WASHINGTON (AP) — A flurry of reports Thursday showed that U.S. consumers are growing more confident and spending more, boosting a still-weak economy just five days before the presidential election.28. US Steel 3Q profit doubles despite revenue drop - Friday, October 26, 2012
U.S Steel doubled its third-quarter net income as a tax benefit helped balance pressure from price decreases and a challenging global economy.
The Pittsburgh manufacturer said Tuesday that it earned $44 million, or 28 cents per share, in the quarter that ended Sept. 30. That compares with $22 million, or 15 cents per share, a year ago.29. Oil below $92 amid US supplies rise, China growth - Friday, October 12, 2012
The price of oil slipped below $92 a barrel Thursday as traders weighed signs of economic recovery in the U.S. and China against an increase in U.S. crude supplies.
By early afternoon in Europe, benchmark oil for November delivery was down 21 cents at $91.91 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 3 cents to settle at $92.12 a barrel on Wednesday.30. IMF offers bleak assessment of stalled recovery - Friday, October 05, 2012
TOKYO (AP) — Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast.31. Stocks rise following expansion in manufacturing - Friday, September 28, 2012
U.S. stocks mostly rose on Monday as growth in manufacturing provided more evidence that the economy may be picking up, or at least not getting any worse.
The gains came after news that U.S. manufacturing grew in September for the first time in four months.32. Stocks end lower ahead of Fed meeting - Friday, September 07, 2012
NEW YORK (AP) — Stocks slipped on Wall Street as troubling economic news from China and the U.S. outweighed optimism about more stimulus from the Federal Reserve.
The Dow Jones industrial average fell 52.35 points to close at 13,254.29 on Monday. The Standard & Poor's 500 slipped 8.84 points to 1,429.08 and the Nasdaq composite fell 32.40 points to 3,104.02.33. US service firms grew at faster pace in August - Friday, August 31, 2012
WASHINGTON (AP) — U.S. service companies grew at a faster pace in August than July and stepped up hiring, further evidence that the economy may be improving.
The Institute for Supply Management said Thursday that its index of non-manufacturing activity increased in August to 53.7, up from a July reading of 52.6. Any reading above 50 indicates expansion.34. Survey: US manufacturing shrinks for third month - Friday, August 31, 2012
WASHINGTON (AP) — U.S. factory activity shrank for the third straight month in August as new orders, production and employment all fell. The report adds to other signs that manufacturing is struggling around the globe.35. Stocks end mixed on weak US economic reports - Friday, August 31, 2012
NEW YORK (AP) — Stocks zigged and zagged after reports that the U.S. economy is weakening at a time when China and Europe are also slowing.
The Dow Jones industrial average closed down 54.90 points at 13,035.94 on Tuesday. Heavy equipment maker Caterpillar was the weakest stock in the Dow average, slipping 3 percent, or $2.67, to $82.66. The Standard & Poor's 500 index fell 1.64 points to 1,404.94.36. Stocks climb from lows after Fed signals help - Friday, August 17, 2012
NEW YORK (AP) — Investors drew some comfort Wednesday from signals that the Federal Reserve is worried about the slow pace of the U.S. economic recovery feels more urgency about providing help.37. Chinese companies pull out of US stock markets - Friday, August 10, 2012
BEIJING (AP) — Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.
This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.38. US service firms grew slightly faster in July - Friday, August 03, 2012
WASHINGTON (AP) — U.S. service companies, which employ 90 percent of Americans, grew at a slightly faster pace in July.
The Institute for Supply Management reported Friday that its index of non-manufacturing activity picked up slightly last month with a reading of 52.6. That was up from June's reading of 52.1, which had been the lowest since January 2010.39. US hiring picks up in July with 163,000 jobs added - Friday, August 03, 2012
WASHINGTON (AP) — The U.S. economy generated 163,000 jobs in July after three months of weak hiring, a sign it is resilient enough to pull out of a midyear slump and grow modestly as the rest of the world slows down.40. Oil prices rise on surprise supply drop - Friday, July 27, 2012
NEW YORK (AP) — The price of oil climbed to near $89 per barrel Wednesday after the government said supplies have dropped more than analysts expected.
Benchmark U.S. crude rose by 77 cents to $88.83 per barrel in New York, while Brent crude added $1.36 to $106.26 per barrel in London.41. Oil rises on expectations for economic stimulus - Friday, July 27, 2012
NEW YORK (AP) — The price of oil climbed for a fourth day on expectations of more efforts by government officials and central bankers to help the global economy.
China is planning to pump billions of dollars into housing projects and other infrastructure to support its construction industry. The European Central Bank hinted that more support could be in the works for Europe's debt-ridden nations, while the leaders of Germany and France vowed to do everything they can to keep the eurozone intact.42. Caterpillar shares jump as 2Q profit grows 67 pct - Friday, July 20, 2012
Caterpillar Inc. says its second-quarter profit soared 67 percent because of growing demand for its construction and mining equipment, and the company boosted its outlook for the year.43. Stocks slide on Wall Street for sixth straight day - Friday, July 06, 2012
U.S. stocks slid for a sixth day Thursday as concern spread that weaker global economic growth and the European debt crisis will hurt U.S. corporate earnings. The Dow Jones industrial average was headed for its longest losing streak since mid-May.44. US stocks plunge after weak June jobs report - Friday, July 06, 2012
NEW YORK (AP) — Investors abandoned stocks Friday after the U.S. government reported that only 80,000 jobs were created in June, the third straight month of weak hiring.
The Dow Jones industrial average fell 124.20 points to close at 12,772.47. The loss wiped out the Dow's gain for the week.45. US manufacturing shrinks for first time in 3 years - Friday, June 29, 2012
WASHINGTON (AP) — U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.
Production declined, and the number of new orders plunged, according to a monthly report released Monday by the Institute for Supply Management.46. Anti-Muslim group attacks Tenn. economic official - Friday, June 08, 2012
NASHVILLE (AP) - A group that has attacked the construction of a mosque in Murfreesboro is now taking aim at a recent hire by Gov. Bill Haslam based on her religion.
The Tennessean reports (http://tnne.ws/Mrtu2Q ) the Center for Security Policy and the 8th District Tea Party Coalition have urged their members to put pressure on the state to dump Samar Ali, an attorney appointed last month as the new international director for the state's Economic and Community Development office.47. US economic outlook worsens after jobs report - Friday, June 01, 2012
WASHINGTON (AP) — The faltering U.S. job market has prompted economists to take a much dimmer view of the country's growth prospects. That's a shift from just a few weeks ago, when many were upgrading their forecasts.48. Global economy at risk as US, Europe and Asia slow - Friday, June 01, 2012
WASHINGTON (AP) — The global economy's foundations are weakening, one by one.
Already hobbled by Europe's debt crisis, the world now risks being hurt by slowdowns in its economic powerhouses.49. A mixed close on Wall Street as calm returns - Friday, June 01, 2012
Calm returned to the stock market Monday after a spasm of fearful selling last week. Major indexes closed mixed after trading modestly lower for most of the day.
The Dow Jones industrial average opened at its lowest level since December after a 275-point sell-off on Friday ignited by grim economic signals, especially a dismal report on the U.S. labor market.50. China promises support for 7 emerging industries - Friday, May 25, 2012
BEIJING (AP) — China's Cabinet said Wednesday it has approved plans to promote development of seven emerging industries including clean energy as it tries to restructure the economy and boost growth.51. A rare gain for the Dow on hopes for China growth - Friday, May 25, 2012
NEW YORK (AP) — The stock market is desperately looking for good news.
On Tuesday, oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low after a report suggested that Spain will have more trouble repaying its debts.52. Typical CEO made $9.6M last year, AP study finds - Friday, May 25, 2012
NEW YORK (AP) — Profits at big U.S. companies broke records last year, and so did pay for CEOs.
The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.53. DVL partner named 2012 silver medalist - Friday, May 25, 2012
Nelson Eddy, partner and creative director at DVL Public Relations & Advertising, has been named Silver Medalist for 2012 by the Nashville chapter of the American Advertising Federation.54. US manufacturing grows at fastest pace since June - Friday, April 27, 2012
WASHINGTON (AP) — U.S. manufacturing grew last month at the fastest pace in 10 months. New orders, production and a measure of hiring all rose.
The strength at U.S. factories suggests the economy is healthier than recent data had indicated. That's a hopeful sign ahead of Friday's report on hiring in April.55. A weaker first quarter doesn't mean a weak year - Friday, April 27, 2012
WASHINGTON (AP) — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year.56. US stocks rise, building on soaring first quarter - Friday, March 30, 2012
A positive report on U.S. manufacturing overshadowed concerns about weaker global growth and lifted stocks to multi-year highs Monday. The gain added to the best first quarter for stocks in more than a decade.57. US stocks close mixed, continuing bumpy week - Friday, March 16, 2012
U.S. stocks closed mixed Wednesday after a quiet trading day that left the indexes little changed.
The Dow Jones industrial average closed down 45.57 points, or 0.3 percent, to 13,124.62. It had been up 20 shortly after the opening bell. The Dow had its biggest loss in two weeks on Tuesday, falling 68.94 points.58. US factory output rose modestly in February - Friday, March 16, 2012
WASHINGTON (AP) — U.S. factories stepped up production in February for the third straight month, helping the economy recover and driving the best job growth since the recession ended.
The Federal Reserve said Friday that the output of the nation's factories rose 0.3 percent last month. That followed even stronger increases in January and December, which combined for the best two-month stretch since 1998.59. Manufacturing expands at fastest pace since June - Friday, January 27, 2012
WASHINGTON (AP) — U.S. factories grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month.60. Politics of defense cuts: emphasize the positive - Friday, January 20, 2012
WASHINGTON (AP) — The Pentagon is preparing to tighten its belt, but with an election-year battle looming in Congress and on the presidential campaign trail, Defense Secretary Leon Panetta wants to stress the positive: Parts of the budget devoted to reshaping the military to fit a new global strategy will actually get fatter, he says.61. Obama, GOP back in tussle over oil pipeline - Friday, January 13, 2012
WASHINGTON (AP) — President Barack Obama and Congress are back where they were before Christmas, locked in an election-season tussle over a proposed 1,700-mile oil pipeline from Canada to Texas.
Republicans hope to again force Obama to make a politically risky decision, while he is seeking to put it off until after the November election.62. Obama, Congress begin 2012 in oil pipeline dispute - Friday, December 30, 2011
WASHINGTON (AP) — President Barack Obama and Congress are starting the election year locked in a tussle over a proposed 1,700-mile oil pipeline from Canada to Texas that will force the White House to make a politically risky choice between two key Democratic constituencies.63. Oil begins 2012 with a bang, prices up 4 pct. - Friday, December 30, 2011
NEW YORK (AP) — Oil prices soared Tuesday as tensions grew over key Persian Gulf oil shipments.
Benchmark crude jumped by $4.13, or 4.2 percent, to end the day at $102.96 per barrel in New York.64. Wall Street's happy new year: Dow up almost 180 - Friday, December 30, 2011
NEW YORK (AP) — The stock market got a big jump on a better year.
After a flat 2011, stocks rose sharply Tuesday in the first trading of 2012 after investors returned from the holiday and found encouraging economic reports from the United States and around the world.65. Manufacturing expanded last month at faster pace - Friday, November 25, 2011
WASHINGTON (AP) — U.S. factories grew last month at the fastest pace since June, helped by a jump in new orders and production.
The Institute for Supply Management, a trade group of purchasing managers, said Thursday that its manufacturing index rose to 52.7 in November, up from 50.8 in October. Any reading above 50 indicates expansion.66. Bank of America expects $1.8B gain from stake in Chinese bank - Friday, November 11, 2011
CHARLOTTE, North Carolina (AP) — Bank of America will sell most of its remaining shares in China Construction Bank as it raises cash and shores up its capital base.67. Bank of America earns $6.2B on accounting gains - Friday, October 14, 2011
NEW YORK (AP) — Bank of America says it earned $6.2 billion in the third quarter, largely from accounting gains and the sale of a stake in a Chinese bank.
The Charlotte, North Carolina, bank earned 56 cents per share, following a loss of $7.3 billion, or 77 cents a share, during the same quarter last year. Analysts surveyed by FactSet forecast the bank would earn 28 cents per share.68. Getting back to even on jobs divides US leaders - Friday, September 02, 2011
WASHINGTON (AP) — America's sickly economy can be healed with jobs, jobs and more jobs. On that, everyone agrees. Figuring out how to produce them is what is stumping everyone.
Other than letting time take its course, Washington lacks a clear answer on how to create permanent new jobs on a national scale. Forecasters suggest it will take 20 million new jobs over the next 10 years just to repair recession damage and to keep pace with adult population growth.69. Auto industry, seeing new life, is on hiring spree - Friday, July 01, 2011
DETROIT (AP) — Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.70. Manufacturing activity grew faster in June - Friday, July 01, 2011
NEW YORK (AP) — U.S. manufacturing activity recovered somewhat in June from a sharp slowdown in May.
The rebound suggested that the pain from the late-spring spike in gas prices and supply problems that hurt auto sales are easing.71. Caterpillar's 4Q profit quadruples as sales soar - Friday, January 21, 2011
Caterpillar more than quadrupled its fourth-quarter profit over the previous year's weak results as stronger demand, especially in developing nations, helped increase global sales of mining and construction equipment.