Deer & Co. (NYSE: DE), the world’s leading manufacturer of agricultural machinery, has confirmed they will expand the manufacturing capabilities at their Des Moines facility. The company, commonly referred to by its brand name John Deere, announced they will move ahead with a $113 million expansion after receiving approximately $10 million in tax incentives for [...]

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) reported it saw steady growth in three of four major regions in which it does business: North America, Europe and Asia. Growth in Latin America has slowed over the past three months. Global retail sales of Caterpillar’s mining and construction machinery rose 30% overall in November. In Europe, [...]

The biggest heavy equipment rental company in the United States, United Rentals Inc. (NYSE: URI), has agreed to purchase rival RSC Holdings Inc. for $1.9 billion. United’s $18 per share offer is a 58% increase on RSC’s closing price from December 15.  RSC shares climbed 55.3%, or $6.30, to $17.67 in afternoon trading. United Rental [...]