Caterpillar Inc. (NYSE:CAT) said it will close two production plants and a distribution facility in Illinois and shift the work to a plant in Michigan. The move is a cost-cutting measure, the company said, and will mean the loss of about 170 jobs. Caterpillar Inc. (NYSE:CAT) net profit margin is 6.90% and weekly performance is 4.81%. On last trading day company shares ended up $108.75. Analysts mean target price for the company is $111.96. Caterpillar Inc. (NYSE:CAT) distance from 50-day simple moving average (SMA50) is 5.11%.
On June 5, 2014, Avon Products, Inc. (NYSE:AVP) announced a new global reforestation initiative, Healthy Forests, Beautiful World. The new program will continue Avon’s ongoing global commitment to the environment, raising funds through the sale of special products by Avon Sales Representatives and on Avon’s eCommerce sites to help end deforestation. Avon Products, Inc. (NYSE:AVP) shares advanced 1.24% in last trading session and ended the day on $14.74. Gross Margin is 60.70% and its return on assets is -3.40%. Avon Products, Inc. (NYSE:AVP) quarterly performance is -2.58%.
On May 30, 2014, Deere & Company (NYSE:DE) announced it has substantially completed the sale of its irrigation operations pending certain regulatory approvals. In February, Deere reported it had reached a definitive agreement to sell the John Deere Water operations to FIMI Opportunity Funds, the leading private equity firm in Israel. Terms of the transaction were not made public. Deere & Company (NYSE:DE) shares moved up 0.76% in last trading session and was closed at $93.00, while trading in range of $92.36 – $93.78. Deere & Company (NYSE:DE) year to date (YTD) performance is 2.42%.
Product shipments will be back on track Tuesday at The Procter & Gamble Company (NYSE:PG)’s Lima Distribution Center, after a weekend fire. A roof fire at the distribution center caused an evacuation shortly after midnight Saturday. Bath Township firefighters found an area about 20-foot by 20-foot on fire and heavy smoke in the building. Firefighters were able to gain access to the roof and extinguish the fire within about 20 minutes. The fire had also extended into the building causing the sprinkler system to activate. All employees were evacuated before firefighters arrived. The Procter & Gamble Company (NYSE:PG) ended the last trading day at $80.09. Company weekly volatility is calculated as 2.56% and price to cash ratio as 22.22. The Procter & Gamble Company (NYSE:PG) showed a negative weekly performance of -0.34%.
O June 5, VOIP-PAL.COM INC (OTCMKTS:VPLM) announced that as a result of discussions with various potential buyers and/or patent licensees, the Company is enacting a “Blackout Period” pursuant to the Voip-Pal Trading Policy approved by the Board of Directors on March 12, 2014. The purpose of the Blackout Period is to preclude specific individuals and entities close to the Company from trading Voip-Pal stock during the Blackout Period. VOIP-PAL.COM INC (OTCMKTS:VPLM) On last trading day company shares ended up $0.270 .
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