Market News: Caterpillar Inc. (NYSE:CAT), Coca-Cola Co. (NYSE:KO), Allstate (NYSE:ALL)

Here are more news stories which could affect stocks on world markets in trading later today. The following stocks should see some movement: Caterpillar Inc. (NYSE:CAT), Coca-Cola Co. (NYSE:KO), Allstate (NYSE:ALL). Here is a more detailed look at the news that will affect each company when trading continues. Caterpillar Inc. (NYSE:CAT) Caterpillar (NYSE:CAT) has agreed to buy Alternative-Fuel engine builder MWM. Report says that the heavy equipment builder has agreed to pay $810 Million to buy MWM Holdings, a designer and manufacturer of diesel engines, special gases and natural gases. The British private equity group that outbid Caterpillar (NYSE:CAT) three years ago, 3i, is the seller for the deal. The 135-year-old MWM [Motoren-Werke Mannheim] has11 subsidiaries and more than 1,100 employees across the globe. Caterpillar (NYSE:CAT) CEO Doug Oberhelman said that  "MWM is recognized for its leading technology and product strength, particularly for its highly efficient range of engines, combined heat and power and trigeneration solutions capable of operating on a wide range of gaseous fuels, including natural gas, biogas, mine gas, and industrial waste gas." Coca-Cola Co. (NYSE:KO) Coca-Cola (NYSE:KO) and Nestle have extended their joint venture to India. The decision to extend the joint venture for the ready-to-drink tea was made at a time when the rival PepsiCo's joint venture with Tata tea was on the verge of a kick off. According to the reports, Coca-Cola (NYSE:KO) will start selling the ready-to-drink iced tea within the next couple of months. One of the officials, speaking anonymously, said, "The move is being driven mainly by Coca-Cola India and will not involve setting up a separate entity." Allstate (NYSE:ALL) Allstate (NYSE:ALL) has agreed to pay $10 million in a regulatory settlement. The company has agreed to pay a $10 million regulatory settlement following an 18-month targeted National Association of Insurance Commissioners (NAIC) multi-state examination of its claims-handling practices. New York State Insurance Superintendent James J. Wrynn said that "Allstate has agreed to implement procedures to ensure transparency and fairness for consumers who have bodily injury claims. The new processes ensure that claims will be handled consistently in different regions of the country, and consumers will have the right to get the information they need in order to understand how Allstate evaluates their claims and make sure they are fairly treated." There will probably be more movement when trading continues for Caterpillar Inc. (NYSE:CAT), Coca-Cola Co. (NYSE:KO) and Allstate (NYSE:ALL).
tdp2664
E money daily