News Summary (LOW, BUCY, CAT)

Shares of Lowe's Cos LOW gained about 0.7% after the company reported its Q3 results. The company's earnings increased 17% y/y to $404 million, or $0.29 per share. Excluding one-time charges, LOW would have earned $0.31 per share. The company's revenue increased 1.9% y/y to $11.6 billion. However, analysts were expecting earnings at $0.30 per share on revenue of $11.76 billion. Shares of Bucyrus International Inc BUCY jumped about 29% after Caterpillar Inc CAT announced its plans to acquire BUCY for $8.6 billion, including debt. The shareholders of Bucyrus will get $92 per share in cash, or $7.6 billion, representing a premium of 32% over BUCY's closing price on Friday. Caterpillar is expecting the deal to close in the middle of 2011. Caterpillar Chairman and CEO Doug Oberhelman said, "For several years, mining customers have been asking us to expand our range of products and services to better serve their increasingly complex requirements," Oberhelman added, "This announcement says to those customers, we heard you loud and clear." The US dollar moved down slightly after 1.2% rise in the October US retail sales. The dollar index gained 0.46% to 78.44, down from 78.467 before the data. Against the greenback, the euro lost 0.6128%. Read more from Benzinga's Markets.