Caterpillar Falls 2.5% and Drags These DJIA Stocks Lower

Caterpillar Inc. (NYSE:CAT) subsidiary Caterpillar Global Mining and Barloworld Limited have inked an agreement that allows Barloworld to purchase the Bucyrus equipment distribution and support business in South Africa and Botswana, in a deal valued at about $115 million. Also, the Caterpillar unit has assigned its agreements with Eqstra NH Equipment Limited and Eqstra Botswana Limited for the acquisition of Eqstra’s South Africa and Botswana Bucyrus distributorship and mining services divisions to Barloworld . For the latter, the total transaction’s value amounts to approximately $175 million, which includes the former Eqstra mining services units.

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Walt Disney Co. (NYSE:DIS) CEO Iger’s comments at Sanford C. Bernstein Strategic Decisions Conference, include the evaluation that the cruise ships business is “solid”, and that he foresees the ramping down of capital investment in domestic parks. Further, Iger expects that his company will produce two Marvel films per year, and that Pixar might do the same. Financially, the CEO reported that Disney ‘will be opportunistic in buying back stock’, and that it ‘will look opportunistically at acquisitions’. In addition, Iger forecasts that the Interactive unit will be profitable in 2013, and that AutoHop is “harmful”, and will also hurt Dish’s (NASDAQ:DISH) business.

McDonald’s Corp. (NYSE:MCD) executives comment at the Sanford Bernstein Strategic Decision Conference that their company is set to open 1,300 new restaurants in the current year, and to update another 225. As for macroeconomic factors, they point to higher commodity costs in U.S., the ongoing austerity measures in Europe, and slowing growth in Asia. McDonald’s is aiming towards long-term systemwide sales growth of between 3 and 5 percent, with long-term operating income growth in a range of 6 to 7 percent.

Boeing Co. (NYSE:BA) Airbus (EADSY) may have to reconfigure its A350-1000 wide-body jet, which is the subsidiary’s alternative to the Boeing 777, as order cancellations increase and its design is criticized by airlines, according to Bloomberg. A redesign would provide Boeing some time before it would have to commit to replacing its top-selling twin-aisle airliner. The company has an advantage in wide-body planes, which provide larger profits because they are priced three times higher.

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