General Electric Company (NYSE:GE) has raised its sales growth estimates for its industrial divisions as its shares reached new highs in the past day or two. The firm says that sales at its industrial units should move up by around 10 percent this year, exceeding the earlier outlook for a gain of between 5 and 10 percent.
Caterpillar (NYSE:CAT) shares opened higher Monday but fell back despite news late Friday that the firm is raising prices between 0 and 3 percent globally on most machines for next year. This price rise will become effective in January and includes adjustments to list prices and merchandising support as well. Additionally, Caterpillar foresees emissions-related price increases as much as 7 percent and will apply to select models for applicable regions.
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E.I. duPont de Nemours and Company’s (NYSE:DD) New Pioneer brand Optimum AQUAmax products have exhibited a significant yield advantage in the second year of on-farm evaluations in North America during unprecedented drought conditions. In more than 4,000 side-by-side comparisons with rival products, preliminary 2012 yield data from DuPont Pioneer indicates an advantage higher than 8 percent with Optimum AQUAmax products in water-limited environments and nearly a 2 percent yield advantage in favorable growing environments at locations harvested as of Sept. 27, 2012.
Alcoa. (NYSE:AA) shares dropped on Friday following its announcement of a quarterly dividend of 3 cents per share on common stock that is due November 25th to investors of record at the close of business on November 2nd and a quarterly dividend of 93.75 cents per share on the company’s $3.75 cumulative preferred stock to be payable on January 1, 2013 to shareholders of record at the close of business on December 14th.