CNH Global NV News

During the course of the session, the farming equipment guru saw about 22,900 calls cross the tape, more than tripling its average daily volume of fewer than 6,900 calls.

Earnings from continuing operations were 77 cents a share. Sales were $936 million compared to $1.12 billion a year ago.

Friday's layoff announcement at Case-New Holland Global N.V.'s manufacturing plant in Saskatoon may have been a result of a decline in the company's agriculture equipment sales.

The delegation included Mr. Gao Hong Bin, Vice Minister of Agriculture, Mr. Li Weiguo, Director General of the Department of State Farms, Mr.

Case-New Holland Global N.V. announced Friday morning it will be reducing hourly staff at its Saskatoon plant by 300 positions in November.

Shares of the following companies are having unusual moves in U.S. trading this morning.

CNH Global N.V., the Burr Ridge, Ill., producer of agricultural and construction equipment, swung to a third-quarter net loss from a year-earlier profit on 32% lower sales.

Shares in CNH Global jumped 14% to their highest in more than a year after the maker of Case and New Holland tractors said it was poised to sidestep the worst of a continuing slowdown in farm equipment markets.

But the loss was smaller than Wall Street expected and CNH shares rose $1.93, or 9.7 percent, to $21.80 in morning trading after hitting a 52-week high of $22.75 earlier in the day.

Agricultural and construction equipment manufacturer CNH Global NV reported a net loss for the third quarter on a 32 percent drop in sales.

CNH maintained its program of aggressive production controls to offset the effects of continuing weak market conditions.

Most mergers and acquisitions are buoyed with optimism and hope that the transaction brings added prosperity sometime in the future.

CNH Global N.V. last week announced a memorandum of understanding with independent parts distributor TISCO of Roseville, Minn., that calls for TISCO to supply parts for the Gold Value line of CNH Original Parts.

Burlington Case Plant Manager Robert Ciecko was demoted from his position last week but remains with the company, a CNH Global spokesman said Wednesday.

The two companies are planning to invest to locally produce and distribute CNH agricultural and construction equipment in the Russian market.

CNH has followed rival tractor-maker Deere & Co in beefing up its Russian operations, unveiling a distribution and manufacturing tie-up with Kremlin-controlled Kamaz.

Agricultural and construction OEM Case New Holland and Russian heavy truck manufacturer, KAMAZ JSC said they are developing an industrial and commercial alliance to further strengthen CNH's leading position in Russia's agricultural and construction equipment sectors.

New Holland unveils CropID : Radio frequency I.D. of individual large square hay bales Oct.

Cargill operates in 68 countries around the world. According to Pat Hunt, director of strategic accounts, Case Construction Equipment, Case will support Cargill's equipment needs through its global network of 11,500 dealer locations throughout the world.

The meeting between President Berdimuhamedov and Mr. Fusignani further marked the solid long-term cooperation between CNH and the Turkmen government in the agricultural equipment sector and renewed their respective commitment, one based on mutual trust and aimed at the continuing modernization of Turkmenistan's agricultural sector.