News 

Deere sees a 23% jump in revenue, forecasts a strong year

“Deere has battling weak demand for farm equipment for the past four years as global oversupplies pushed down prices, sending U.S. farm incomes plunging” writes Rajesh Kumar Singh for businessinsider.com. Total equipment sales rose 27 percent to $5.97 billion.(Reuters) – U.S. farm equipment maker Deere & Co on Friday reported a 23 percent jump in first-quarter revenues as its key markets improved, but recorded a net loss after a charge related to U.S. tax reform legislation.It posted a quarterly net loss of $535.1 million, or $1.66 per share, including a…

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China’s ZTE says is trusted partner after U.S. concern

“The company takes cybersecurity and privacy seriously, has always adhered to laws and remains a trusted partner of U.S. suppliers and customers, the company added” reports businessinsider.com. FILE PHOTO: People stand at ZTE’s booth during Mobile World Congress in Barcelona Thomson Reuters BEIJING (Reuters) – Chinese telecoms equipment group ZTE Corp hit back on Thursday against concerns from U.S. lawmakers that it is a vehicle for Chinese espionage, saying it was a trusted partner of its U.S. customers, state news agency Xinhua reported.In 2012, Huawei and ZTE were the subject…

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News Stocks 

Amazon sends medical stocks plummeting on report of new health care effort

“Last month, Amazon, JPMorgan (JPM) and Berkshire Hathaway (BRKA) announced a joint health care venture aimed at offering lower cost health care options for their employees” writes Brittany De Lea for foxbusiness.com. Shares of health care distributors and medical supply companies dropped on Tuesday, following the report.As previously reported by FOX Business, Amazon also has a massive customer review network that could eventually inform customers’ decisions on medical equipment.Amazon (AMZN) is focusing on becoming a major supplier of medical equipment to both hospital systems and outpatient health care clinics, the…

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JICA funds medical, environment projects in Iran

“Due to limitations arising from economic sanctions advanced medical equipment has not been constantly upgraded at medical institutions in Tehran” reports tehrantimes.com. Under such circumstances, providing the medical equipment necessary for the early detection and treatment of those diseases is a priority.TEHRAN — Japan International Cooperation Agency (JICA) signed two grant agreements with Iran’s Health Ministry and Tehran Municipality to provide grant aid for medical testing and treatment equipment as well as improvement of equipment for air pollution analysis here on Sunday.According to a press release made by JICA the…

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UK sold spyware just before crackdown on election protesters

“The British government sanctioned sales of spy equipment to Honduras shortly before a disputed general election led to a violent crackdown on opposition protesters and activists in the Central American country” writes Nina Lakhani for theguardian.com. It is totally irresponsible to sell surveillance equipment to authoritarian regimes like the one in Honduras.” said the group’s spokesman, Andrew Smith. Source: theguardian.com Share This:

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Kent tech center awarded funds help prepare teens for skilled trades jobs

“Kraus said KCTC will use its $132,000 to purchase additional training equipment to support their Mechatronics and Engineering and Architectural Design programs” writes Mlive Com for mlive.com. The competitive innovation and equipment grants will assist with programs in manufacturing with an emphasis on mechatronics, computer numerical control machining, and welding.John Kraus, principal of the Kent Career Technical Center (KCTC), said its $300,000 in funding will go toward a virtual welding lab, including robotic equipment.Michigan is investing a total of $12.5 million to help students gain careers in skilled trade, boost…

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Crypto News 

Samsung, South Korea’s Largest Firm, is Manufacturing ASIC Chips For Bitcoin Mining

“Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its ASIC chips” reports newsbtc.com. Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips.Currently, Taiwan’s TSMC remains as the only major semi-conductor manufacturing firm and foundry operator to support a major bitcoin mining equipment manufacturer in Bitmain.A Samsung spokesperson told local media that the company…

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US sales of outdoor equipment slump as consumer habits shift

“Snow industry sales, which include skis, snowboards, boots, bindings and other equipment, are faring better than the larger outdoor industry” reports foxbusiness.com. “I think the outdoor industry has not responded enough to this shift in the mindset of consumers,” he said.The outdoor gear industry brought its biggest winter marketplace to Denver this week as it faces slipping sales and shifting U.S. consumer habits. Source: foxbusiness.com Share This:

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Markets News 

GE warns 2018 could be even worse than it expected for its embattled power business

“General Electric warned Wednesday that 2018 will be another challenging period for GE Power and could shape up to be an even worse year than expected for the embattled business unit” writes unknown author for cnbc.com. GE Power’s bread and butter is selling gas turbines to power plants and fixing the massive equipment when it breaks down.GE equipment still produces about a third of the world’s electric power, Flannery noted, and the company holds 50 percent market share in advanced power technology. Source: cnbc.com Share This:

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Changing plans: Tax law makes small businesses rethink ideas

“As Congress debated a new tax law at the end of last year, Jerell and Elissa Klaver began revising their company’s plans for 2018” reports foxbusiness.com. The law nearly doubles to $1 million the amount small companies can deduct up-front on equipment.Although there are still many unknowns about the tax law that took effect Jan. 1, some small business owners have already figured out that they stand to gain from some of its changes and are changing their plans to maximize their benefits.Small businesses in some industries, including producers of…

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