International Business News - AG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif An appeals panel with the Environmental Protection Agency is being asked by New Mexico's top prosecutor to consider new evidence in the case of a proposed $3 billion coal-fired power plant. http://www.ibtimes.com/articles/20081119/epa-asked-to-consider-new-info-in-power-plant-case.htm Wed, 19 Nov 2008 12:13:15 EST Machinery makers such as Caterpillar Inc. and Deere & Co. may become buyers of smaller companies amid a wave of consolidation after the liquidity crisis eases, an analyst said Monday. http://www.ibtimes.com/articles/20081117/analyst-consolidation-likely-in-machinery-sector.htm Mon, 17 Nov 2008 08:35:53 EST Shares of heavy-machinery makers that supply farming equipment rose Monday after China's government announced a huge fiscal stimulus commitment, partly aimed at the nation's rural infrastructure needs. http://www.ibtimes.com/articles/20081110/sector-snap-farming-equipment-makers-rising.htm Mon, 10 Nov 2008 11:58:53 EST Farm equipment manufacturer AGCO Corp. said Wednesday third-quarter earnings rose 33 percent as selling price increases more than offset rising material costs. http://www.ibtimes.com/articles/20081029/agco-3rd-quarter-profit-rises-by-33-percent.htm Wed, 29 Oct 2008 10:36:51 EDT Software AG said Friday its third-quarter profit rose over 60 percent, as revenues were boosted by good product sales, licenses and maintenance contracts despite a difficult market environment. http://www.ibtimes.com/articles/20081024/software-ag-3q-net-profit-up-62-pct-to-euro31-million.htm Fri, 24 Oct 2008 06:55:15 EDT Shares of machinery companies slid Wednesday as an analyst predicted lower third-quarter earnings because of shrinking global demand. J.P. Morgan analyst Ann Duignan wrote in a note that demand and production had deteriorated in most markets. http://www.ibtimes.com/articles/20081015/machinery-stocks-fall-as-analyst-predicts-bleak-3q.htm Wed, 15 Oct 2008 15:19:32 EDT Prospects for a prolonged earnings downturn and credit destabilization led an analyst Tuesday to cut his ratings on shares of a mining equipment maker and a farm equipment maker but raise his ratings on shares of a diversified manufacturer whose earnings should better withstand the turmoil. http://www.ibtimes.com/articles/20081014/analyst-downgrades-2-industrials-upgrades-another.htm Tue, 14 Oct 2008 09:13:12 EDT Farm equipment maker AGCO Corp. and Concern Tractor Plants, a Russian industrial machinery builder, on Thursday said they will create a joint venture to assemble diesel engines in Russia. http://www.ibtimes.com/articles/20081009/agco-to-form-joint-venture-with-russian-company.htm Thu, 09 Oct 2008 07:35:56 EDT The longest serving state agriculture commissioner in the nation is running for another four years. His opponent says 40 years in office is long enough. http://www.ibtimes.com/articles/20081008/w-va-ag-chief-running-for-11th-4-year-term.htm Wed, 08 Oct 2008 09:32:28 EDT Equipment makers shares slipped Wednesday after a Wall Street analyst lowered his earnings estimates and price targets on Deere & Co. and Agco Corp. due to anticipated lower demand for farm equipment. http://www.ibtimes.com/articles/20081001/sector-snap-machinery-stocks-sink.htm Wed, 01 Oct 2008 15:38:41 EDT Shares of agricultural equipment makers dropped sharply Monday along with the broader stock market, which reeled from the House of Representatives' defeat of a proposed $700 billion rescue of the nation's financial system. http://www.ibtimes.com/data/articleimgs/157277-mccain-palin-2008.jpg http://www.ibtimes.com/articles/20080929/sector-wrap-agricultural-equipment-makers.htm http://www.ibtimes.com/articles/20080929/sector-wrap-agricultural-equipment-makers.htm Mon, 29 Sep 2008 16:10:01 EDT Alabama Agriculture Commissioner Ron Sparks is the new president of the National Association of State Departments of Agriculture. Sparks was elected to the top spot during the association's meeting last week in Bismarck, N.D. http://www.ibtimes.com/articles/20080929/alabamas-ag-commissioner-takes-national-post.htm Mon, 29 Sep 2008 11:54:07 EDT Farmers in 44 Colorado counties are eligible for low-interest federal loans because of drought or freeze damage. Gov. Bill Ritter said Tuesday the U.S. Department of Agriculture agreed to provide drought loans to 40 counties. Fifteen of those counties, plus four others, are eligible for freeze loans. http://www.ibtimes.com/articles/20080917/44-colorado-counties-okd-for-ag-disaster-loans.htm Wed, 17 Sep 2008 11:07:29 EDT Software AG on Tuesday said it had signed a $93 million contract with Banco do Brasil, the largest in the German company's history. Paul Hughes, a spokesman for Software AG, said the four-and-a-half-year contract is mainly for license revenue, to be booked over the contract period. The remainder of the contract is for maintenance and services. http://www.ibtimes.com/articles/20080902/software-ag-signs-deal-with-banco-do-brasil.htm Tue, 02 Sep 2008 11:06:02 EDT Chiquita Brands International Inc. said Tuesday it has completed the sale of its German distribution business Atlanta AG for $92 million. It was sold to UNIVEG Fruit and Vegetables BV, a Belgian-based group of companies that does business in 23 countries. The deal was first announced in May. http://www.ibtimes.com/articles/20080819/chiquita-completes-sale-of-german-distributor.htm Tue, 19 Aug 2008 11:38:14 EDT An analyst for Goldman Sachs on Monday removed Deere & Co. from the investment bank's Americas Buy list, citing expectations of better returns from other manufacturing companies. http://www.ibtimes.com/articles/20080804/ahead-of-the-bell-deere-co.htm Mon, 04 Aug 2008 08:40:52 EDT Among the earnings stories for Tuesday, July 29, from AP Financial News: PITTSBURGH (AP)--United States Steel Corp. says its profit more than doubled in the second quarter, surpassing Wall Street's expectations, on increased demand and pricing. http://www.ibtimes.com/articles/20080729/earnings-roundup-us-steel-earthlink.htm Tue, 29 Jul 2008 10:46:25 EDT Farm equipment maker AGCO Corp. on Tuesday reported its second-quarter profit rose as demand for food in developing countries boosted sales. The company said it earned $133.1 million, or $1.34 per share, compared with $63.8 million, or 67 cents per share, in the same quarter year ago. Analysts expected income of 97 cents per share, according to a Thomson Financial poll. http://www.ibtimes.com/articles/20080729/agco-2q-earnings-rise-on-40-percent-sales-increase.htm Tue, 29 Jul 2008 09:44:57 EDT Germany's Software AG said Wednesday its second-quarter net profit jumped by 10 percent on a similar increase in sales. The Darmstadt-based database and data management software company said net profit for the April-June period was 27.1 million euros (nearly $42.6 million), up from 24.6 million euros a year earlier. http://www.ibtimes.com/articles/20080723/software-ag-2q-profit-rises.htm Wed, 23 Jul 2008 09:31:47 EDT A Wachovia analyst said late Monday that the U.S. Department of Agriculture's most recent crop report shows that while crop conditions continue to improve, they nevertheless have been effected by rough weather, possibly driving prices higher. http://www.ibtimes.com/articles/20080708/analyst-says-crops-improve-but-prices-could-rise.htm Tue, 08 Jul 2008 13:27:07 EDT