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A rally by financial and technology stocks on Wednesday lifts U.S. equity indexes, with the S&P 500 posting its largest one-day gain in two months while Nasdaq Composite recorded its best day in eight ...
Samsung Electronics will invest $380 million to expand its U.S. home-appliance manufacturing operations at a site in Newberry, S.C., generating more than 950 local jobs by 2020.
Shares of Caterpillar (CAT) have soared this year as investors bet on a recovery among its customers. Last week, for instance, Deutsche Bank's Nicole DeBlase cut Caterpillar's shares to Hold from Buy, arguing that its stock had moved "past the point of maximum optimism." That's a fair argument given Caterpillar's 45% rise during the past 12 months. In a note release today, they argue that their recent dealer survey shows that Caterpillar is "set up well to raise estimates." They explain: For the US dealers, strength from the first quarter continued well into the end of the second quarter.