Cummins Earns Rise, Outlook Disappoints
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Diesel-engine maker Cummins Inc.  on Wednesday said fourth-quarter earnings more than doubled, boosted by a lower tax rate, and its shares fell on  a disappointing outlook for 2005.
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Earnings are evidence that rising commodities aren't always simple.
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3M Co. (MMM.N: Quote, Profile, Research) on Monday said third-quarter earnings rose 17 percent due in part to the weak dollar, but the diversified manufacturer&#39;s results
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Outlook for growing demand as supply is crimped by events in Nigeria and Iran sends crude prices higher.
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U.S. stocks opened mixed Friday after Ford eased investor future concerns by raising its earnings outlook, then took an upward jump.
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update Earnings per share rise compared with a year ago, but company misses analysts' expectations by a long shot.
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But the Institute for Supply Management (ISM) said the pace of production had risen more slowly than in August. The news will help soothe fears that the US economic recovery may be running out of steam.
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Earnings are up, but sagging revenues are more annoying than static.
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A strong performance from the truckmaking sector helped European equity markets drive higher by late-morning on Tuesday while Getronics jumped sharply after the Dutch computer services company received a potential takeover approach.
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Oil prices edged higher on Wednesday, pushed upwards by technical buying, but struggling to break above the narrow range that has persisted this month.
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Oil prices crept higher on Wednesday   after suddenly resuming their six-week rout a day ago,   undermined by expectations of another rise in already bulging   U.S. winter fuel stocks and more talks over Iran.
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Auto insurer posts strong earnings, but a down cycle may be about to begin.
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The No. 2 U.S. oil company reported a rise in quarterly profit pumped up by record oil and gas prices and gains on asset sales.
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The auto parts retailer remains strong despite slower than expected growth.
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Disk drive makers were on a roll Wednesday morning after industry giant Western Digital Corp. upped its outlook for the current quarter.
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Deere & Co.  on Tuesday said quarterly earnings rose 30 percent on strong demand, higher selling prices and increased efficiency, but the farm equipment maker fell short of analysts' estimates and gave a weak forecast, sending its shares down 3 percent in early trading.
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NEW YORK - Oil and gas futures rose yesterday on expectations the hurricane season will intensify and OPEC won't raise output when it meets next week.