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August 5, 2021

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Sandvik to Acquire CAM Software Company Cambrio
 

Ford Motor Co. reported a second-quarter profit as its Ford Credit finance unit made up for losses in its vehicle operations. Previously, Ford expected to lose half of its quarterly vehicle output because of an ongoing computer chip shortage. The automaker also said strong demand led to lower incentives.

Boeing
 

Durable goods orders increased in June assisted by a gain in aircraft orders, the U.S. Commerce Department reported. Orders totaled $257.6 billion, a gain of 0.8 percent from May, according to a monthly report. It was the 13th increase in the past 14 months. Both commercial and defense aircraft had increases in orders.

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Renishaw, CCAT Join Forces
 

Caterpillar Inc. reported a higher second-quarter profit as sales of its heavy equipment increased. Deerfield, Illinois-based Caterpillar posted a quarterly profit of $1.4 billion, or $2.56 a share, compared with year-earlier results of $458 million, or 84 cents. Quarterly revenue surged by almost $3 billion.

ROCKWell
 

Siemens Digital Industries Software announced the release of NX Automation Designer software and NX Industrial Electrical Design software. Siemens said the software is a new suite of solutions that provide a central design application for industrial electrical and automation design.

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uaw
 

3D Systems said it agreed to sell its medical simulation business, Simbionix, to Surgical Science Sweden AB, a leading supplier of virtual reality simulators for medical training. The price was $305 million, subject to customary closing conditions and adjustments. 3D Systems said the deal completes a plan to divest non-core businesses.

Ceratizit
 

Major oil companies are reporting their best financial results since the start of the COVID-19 pandemic. However, those companies "plan to continue spending sparingly to boost production despite higher commodity prices," The Wall Street Journal reported. The companies "face pressure from investors to moderate their growth and clean up their emissions amid concerns about growing regulations and climate change," the Journal said.

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