May 2 Engine maker Cummins Inc reported a 23.4 percent rise in quarterly profit, helped by higher sales across its businesses.
Net income attributable to Cummins rose to $396 million, or $2.36 per share, in the first quarter ended April 2, from $321 million, or $1.87 per share, a year earlier.
Net sales rose about 7 percent to $4.59 billion.
The Columbus, Indiana-based company also raised its 2017 forecasts for revenue and earnings before interest and tax. (Reporting by Ankit Ajmera in Bengaluru; Editing by Arun Koyyur)
PRECIOUS-Gold steady ahead of US data this week, weaker dollar supports
BENGALURU, June 26 Gold prices were little changed on Monday as the market waited for a flurry of key U.S. economic data this week, with a weaker dollar offering some support. FUNDAMENTALS * Spot gold was nearly flat at $1,256.06 per ounce at 0050 GMT, staying near a one-week low hit on Friday. * U.S. gold futures for August delivery rose 0.04 percent to $1,256.80 per ounce. * The dollar sagged against its major peers on Monday, los
UPDATE 1-Airbag maker Takata files for bankruptcy protection in Japan
TOKYO, June 26 Embattled airbag maker Takata Corp on Monday filed for bankruptcy protection in Japan and said it would seek $1.588 billion in financial aid from U.S.-based auto parts supplier Key Safety Systems (KSS).