Caterpillar (NYSE:CAT) has inked a deal with CAW in Canada.

Caterpillar Signs CAW Agreement

Reports say that Caterpillar (NYSE:CAT)’s subsidiary company, Electro-Motive Canada, has signed a tentative deal with Canadian Auto Workers for an orderly closure of a manufacturing plant in London, Ontario.

The closure agreement is scheduled to be reviewed by the union and its 465 affected workers with a ratification vote to follow.

Electro-Motive Canada said in an official statement that, “Electro-Motive Canada has reached a tentative agreement for the safe and orderly closure of its London production operations. Details of the agreement will not be released until after the deal is ratified”.

Progress Rail Services, a subsidiary of Caterpillar (NYSE:CAT) owns Electro-Motive.

Caterpillar Inc. (NYSE:CAT) shares were at 115.00 at the end of the last day’s trading. There’s been a 21.3% movement in the stock price over the past 3 months.

Caterpillar Inc. (NYSE:CAT) Analyst Advice
Consensus Opinion: Moderate Buy
Mean recommendation: 1.66
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: 1.66
Zack’s Rank: 1 out of 8 in the industry

BP plc (NYSE:BP) has decided to synchronize associated gas operations in Azerbaijan.

BP plc Working Closer In Azerbaijan

According to a company executive, BP plc (NYSE:BP), the key operator of oil and gas contracts in Azerbaijan, is ready to synchronize associated gas operations with the State Oil Company of Azerbaijan (SOCAR).

BP plc (NYSE:BP) Azerbaijan’s manager for gas issues Namig Abbasov has said that “in order to reduce associated gas flaring, BP Azerbaijan and SOCAR are working to coordinate their actions.”

BP plc (NYSE:BP) company shares are currently standing at 46.47.

Price History
Last Price: 46.47
52 Week Low / High: 33.62 / 49.09
50 Day Moving Average: 43.92
6 Month Price Change %: 13.7%
12 Month Price Change %: 3.4%

BP plc (NYSE:BP) has decided to raise $3.3 billion from its first bond sale.

BP plc (NYSE:BP) Sets Sights On $3.3bn Sale

The UK based oil giant BP plc (NYSE:BP) is planning to raise about 2.5 billion Euros ($3.3 billion) from its first bond sale in the Eurozone currency in nine months.

The company is selling its 2019 notes at 103 basis points over swaps, compared with the spread of 101 on its outstanding June 2020 bonds.

Sheila Williams, a spokeswoman for BP plc (NYSE:BP) in London said “the sale’s proceeds would be used for general corporate purposes, without being specific or commenting on the deal terms.”

BP plc (NYSE:BP) stocks are currently standing at 47.37.

Price History
Last Price: 47.37
52 Week Low / High: 33.62 / 49.09
50 Day Moving Average: 43.85
6 Month Price Change %: 15.4%
12 Month Price Change %: 0.9%

DuPont and Yingli Green Energy have entered into a $100 million strategic agreement.

DuPont (NYSE:DD) Makes $100m China Deal

DuPont (NYSE:DD) has signed a $100 million strategic agreement with Yingli Energy (China) Company Limited (‘Yingli China’) for photovoltaic materials.

According to the agreement Yingli will purchase photovoltaic materials including DuPont (NYSE:DD) ™ Solamet® photovoltaic metallization pastes and protective backsheet made with DuPont (NYSE:DD) ™ Tedlar® polyvinyl fluoride film.

David B. Miller, president, DuPont (NYSE:DD) Electronics & Communications, said that, “This agreement expands a current commercial relationship between DuPont (NYSE:DD) and Yingli into a more strategic relationship with long-term benefit to both companies, and to end users of solar energy. Materials are key to solar module performance, and DuPont (NYSE:DD) continues to advance the science behind them. They help increase efficiency, extend the lifetime of modules, and, ultimately, help reduce overall system costs to make solar increasingly more competitive with other forms of energy generation”.

Dupont (NYSE:DD) company shares are currently standing at 50.60.

Price History
Last Price: 50.60
52 Week Low / High: 37.1 / 57
50 Day Moving Average: 47.82
6 Month Price Change %: 8.0%
12 Month Price Change %: -5.9%

General Electric (NYSE:GE) launched GeoSpring, its most energy-efficient, hybrid electric water heater.

General Electric (NYSE:GE) Launching Water Heating GeoSpring

GeoSpring(TM) is the first hybrid electric ENERGY STAR(R)-qualified water heater manufactured in the U.S.

General Electric (NYSE:GE) claims that the new product will save an average consumer $325 every year on their utility bills.

Stephen Downer, General Electric (NYSE:GE) product general manager for water products, said that, “There are very few products for your home that will save homeowners as much money as the GeoSpring. With the state of today’s economy, General Electric (NYSE:GE) is betting on acceptance of this technology from consumers who want to save money on their energy bills and support the GE employees in the U.S”.

General Electric Co. (NYSE:GE) company shares are currently standing at 18.88.

Price History
Last Price: 18.88
52 Week Low / High: 14.02 / 21.65
50 Day Moving Average: 18.06
6 Month Price Change %: 18.9%
12 Month Price Change %: -11.3%

Caterpillar (NYSE:CAT) has awarded scholarships to Eureka College.

Caterpillar (NYSE:CAT) Expands Scholarship Program

Caterpillar (NYSE:CAT) has announced that the Caterpillar (NYSE:CAT) Foundation has awarded a $75,000 grant to Eureka College for students to study in China.

The grant allows five sophomores, juniors and seniors majoring in administration, accounting or computer science to study at universities in China.

The Caterpillar (NYSE:CAT) scholarships will pay for the students’ travel, tuition, housing and meals.

Michele Sullivan, Caterpillar (NYSE:CAT) Foundation vice president, said that “The Caterpillar (NYSE:CAT) Foundation is proud to support U.S. college students studying abroad in China. It is our hope that this experience will give students some valuable insights on the global economy, the importance of China on the world stage and an unforgettable cultural experience”.

Caterpillar Inc. (NYSE:CAT) company shares are currently standing at 112.83.

Price History
Last Price: 112.83
52 Week Low / High: 67.54 / 116.55
50 Day Moving Average: 99.06
6 Month Price Change %: 36.6%
12 Month Price Change %: 13.4%

BP plc (NYSE:BP) has entered into a new gas supply deal with Chubu Electric Power Co.

BP plc (NYSE:BP) Begins Japan Gas Deal

Under this new deal, BP Singapore, a wholly-owned unit of the UK based BP plc (NYSE:BP), will supply about 8 million tonnes of liquefied natural gas (LNG) for Japan’s Chubu Electric Power Co.

The deal is signed for a period of 16 years starting April 2012.

The cargoes will originate from LNG sources that the BP plc (NYSE:BP) group owns worldwide, Chubu said in a statement.

BP plc (NYSE:BP) stocks are currently standing at 46.77.

Price History
Last Price: 46.77
52 Week Low / High: 33.62 / 49.09
50 Day Moving Average: 43.62
6 Month Price Change %: 22.7%
12 Month Price Change %: 0.4%

Chevron Corporation (NYSE:CVX) has launched an engineering recruitment drive in Australia.

Chevron Corporation (NYSE:CVX) To Increase Recruitment

The Australian arm of the US based oil giant Chevron Corporation (NYSE:CVX) as launched a drive to recruit hundreds of engineers in Australia to work on two of the resource-rich country’s largest energy projects.

According to Chevron Corporation (NYSE:CVX) Australia, it will hold 14 recruitment information sessions throughout Australia between Feb 13 and March 7 to identify engineers across a range of disciplines, including civil, structural and subsea engineering.

Chevron Corp. (NYSE:CVX) company shares are currently standing at 106.37.

Price History
Last Price: 106.37
52 Week Low / High: 86.68 / 110.99
50 Day Moving Average: 104.99
6 Month Price Change %: 17.9%
12 Month Price Change %: 9.2%