Source: Sudeep Redy and Robin Sidel, The Wall Street Journal
A recent survey by the Federal Reserve found that banks loosened lending standards and terms in the second quarter despite little change in demand for consumer and business credit.
India's largest Farm equipment manufacturer, Mahindra & Mahindra (M&M) is planning to scale up its production capacity by over 60% in the next two years to satisfy the growing demand in the agricutural sector.
Projections from the Outdoor Power Equipment Institute (OPEI), an international trade association representing the $15 billion landscape, lawn and garden, forestry, and utility equipment manufacturing industry, show a drab 2009 will gradually bloom into a slightly brighter 2010.
Briggs & Strattons' fourth-quarter fiscal 2010 reported consolidated net sales of $615.6 million, an increase of $132.9 million or 27.5% from the fourth quarter of fiscal 2009.
Industrial manufacturer Blount International Inc. said it acquired a company that makes farm and ranch equipment for $90 million in cash, which it expected would boost profit next year.
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