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Caterpillar Inc., the world's largest maker of construction and mining equipment, said Monday that it signed a joint venture deal with a Chinese company to create a remanufacturing business.
Caterpillar Logistics Services plans to open a new parts distribution center in southwest Ohio.
Caterpillar Inc. said Monday it plans to buy a subsidiary of a South Korean manufacturer of components for earthmoving and other machinery.
Caterpillar Inc. said Monday about 2,500 laid-off employees will be permanently cut from the company and 550 others will be brought back to work by the end of next year.
Caterpillar Inc. said Thursday one of its longtime executives, Douglas Oberhelman, will become the company's CEO next July, a move seen as likely to reinforce the heavy equipment maker's focus on global expansion.
Caterpillar is counting on Asian customers to buy more of its mining and construction equipment next year, helping the company move beyond a recession that slammed its third-quarter earnings.
Heavy equipment maker Caterpillar said Tuesday its cost cuts and strategic planning had positioned the company for long-term profitability whether the global economy improves or remains mired in recession.
Heavy equipment maker Caterpillar Inc. said Friday that it will close a manufacturing facility in South Africa as it realigns its operations with sagging global demand.
Caterpillar Inc.'s second-quarter profit tumbled on slumping sales of heavy equipment and the cost of staff cuts, but it saw signs that the global economy is starting to stabilize after a prolonged slide.
Heavy equipment maker Caterpillar Inc. has restricted its employees from traveling to Mexico because of the swine flu outbreak.
Caterpillar Inc. Chairman and Chief Executive James W. Owens received 2008 compensation valued at $14.6 million, down about 1 percent from the previous year, according to an Associated Press calculation of figures filed with regulators Tuesday.
Heavy equipment maker Caterpillar Inc. reported its first quarterly loss in 17 years on Tuesday, hurt by plunging sales and the cost of laying off thousands of workers. It also said the Obama administration should have allocated more money for roads, bridges and other public works under its stimulus plans.
Caterpillar Inc., the world's largest maker of construction and mining equipment, on Tuesday reported a first-quarter loss compared with a year-ago profit, hurt by a big charge for layoffs and sharp sales declines across the globe.
Police deployed Thursday at a plant in the French Alps run by U.S. manufacturer Caterpillar where workers camped out overnight to protest layoffs.
Caterpillar is speeding up layoff plans at a central Illinois plant, letting go of more than 1,000 workers two weeks early with pay.
French workers facing steep layoffs at a Caterpillar factory freed four bosses they had been holding at the U.S. manufacturer's plant in the Alps to protest the job cuts.
Caterpillar Inc. on Tuesday announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.
Caterpillar Inc. said Wednesday it is offering voluntary early retirement packages to about 2,000 production workers, following a string of layoffs at the heavy equipment maker, as it struggles with lower demand amid the global economic downturn.
Swarms of crop-eating pests are laying more larvae in the West African country, experts said Tuesday, warning that the caterpillars also have been identified as a species capable of more damage than previously believed.
Heavy equipment maker Caterpillar Inc. announced 2,110 new job cuts Friday as it scales back production amid a world economic slowdown.
Caterpillar Inc.'s fourth-quarter profit dropped 32 percent as the global economic slowdown sapped demand for heavy equipment, forcing the company to lower its 2009 profit expectations and make further job cuts that will ultimately wipe out 20,000 positions.
A caterpillar plague in Liberia is spreading, and has now affected 400,000 people in more than 100 villages in the West African nation, the U.N. said Wednesday.
Hordes of voracious caterpillars are destroying crops and prompting terrified villagers to flee their homes in northern Liberia in what is described as the West African country's worst plague in 30 years, a U.N. agency said Thursday.
Caterpillar Inc., the world's largest maker of mining and construction equipment, said Monday it will cut executive compensation by up to 50 percent next year due to slower demand amid the global economic downturn.
Caterpillar Inc. has started cutting ties with some contract workers as the world's largest maker of construction and mining equipment tries to lower costs amid the global economic slowdown.
Caterpillar axing 2,500 workersCaterpillar, the world's largest construction and mining equipment maker, says it will permanently cut 2,500 jobs in the US.
UPDATE: US Stocks Rally Broadly, Push DJIA Back Above 10000 - WSJ.comNEW YORK (Dow Jones)--U.S.
Caterpillar Inc. located out of Peoria,Illinois announced 2Q profits falling 66% but showed some recover abroad in China driving the stock prices up in the last two days on the market.
Caterpillar Says Obama Stimulus Plan 'Missed an Opportunity'Caterpillar Inc., the bulldozer manufacturer President Barack Obama used to help push his $787 billion stimulus plan, called the program disappointing and less effective than measures approved by China.
Editorial: Deeds, Not Words. By Investor's Business Daily. Thursday, April 02, 2009 4:20 PM PT G-20: Improving on his previous statements, President Obama joined a global consensus against protectionism Wednesday in London. Sounds good, but it'll be meaningful only if he hits protectionists at home.
French workers hold bosses hostage over job cutsWorkers at a French office of Caterpillar have detained four managers over concerns related to planned job cuts, French radio has reported.
Rep. Aaron Schock (R-Illinois) was seen on MSNBC saying that no one came to him and asked him to vote for this stimulus package following President Obama's appearance at Caterpillar. He added that he was surrounded by Caterpillar employees asking him to vote against the stimulus.
Parasitic Wasps Got Their Poison From an Ancient VirusIn a classic tale of symbiosis, researchers have determined that a parasitic wasp got its most potent weapon from an ancient virus that may have attacked it around 100 million years ago.
Obama: Caterpillar will rehire if stimulus passesWASHINGTON (AP) - President Barack Obama says Caterpillar's chief executive has told him the company will rehire some laid-off workers if the stimulus bill passes.
Miserable Monday: More Than 40,000 LayoffsSeveral major U.S. and foreign companies announced thousands of new layoffs today as they work to adjust to new economic realities.
Caterpillar to slash 20,000 jobsUS construction equipment giant Caterpillar announced Monday that it intends to cut about 20,000 jobs worldwide to cope with plunging sales amid a sharp economic slowdown.
Major U.S. Companies to Slash 43,000 Jobs - washingtonpost.comAmerican companies announced job cuts totaling 43,000 this morning, as the global downturn slammed the profits of exporters like Caterpillar and a domestic recession hit hard at retailer Home Depot.
Caterpillar Q4 Net Tumbles 32 Percent -- Depression DeepensCaterpillar Inc said on Monday that quarterly earnings fell more than 32 percent as the downturn that began in the United States metastasized into a full-blown global recession that hit sales of its earth-moving construction and mining equipment.
Caterpillar Cuts From The Top : Senior-Level Salaries Slashed, Lower-Level Less ImpactedCaterpillar is taking the high road to cutbacks: the maker of tractors and other construction and mining equipment, said Monday it would drastically slash senior-level compensation, while making shallower cuts lower down in the ranks. More Articles
USC's 'print-a-house' construction technologyCaterpillar, the world's largest manufacturer of construction equipment, is starting to support research on the "Contour Crafting" automated construction system that its creator believes will one day be able to build full-scale houses in hours.
Caterpillar Meets With Churches as Methodists Weigh Divestment Heavy-equipment giant Caterpillar opened negotiations with Christian groups threatening to divest from the company because of its sales to Israel.
Moths remember what they learn as caterpillarsThe transformation from caterpillar to butterfly or moth is one of the most beguiling in the animal world. Both larva and adult are just stages in the life of a single animal, but are nonetheless completely separated in appearance, habitat and behaviour.
Moths remember life as caterpillarDuring the dramatic transformation from caterpillar to moth, memories and minds remain at least somewhat intact, according to a new study.
Like most men I cannot sing. To make matters worse, unlike Erick Sermon and Shel Silverstein I was not blessed with the ability to rhyme words. So any hope of me making an impact as singer is virtually non-existent.
Stocks Fall on Caterpillar, Google Earns Stocks pulled back Friday, retreating from record levels following disappointing results from longtime favorites Caterpillar Inc. and Google Inc. The Dow Jones industrials fell more than 120 points.
Belgian Military Deployed to Combat CaterpillarsA mini-platoon of soldiers will be deployed to the Belgian forests to tackle a plague of hairy caterpillars that are causing allergy outbreaks in humans.
So I was going to submit my article today as a politics article, and then though, mm, no, its Saturday. Not only do I not feel like bringing about too much cynicism today, there's still fun to be had at my expense. Don't worry; humor is healing.
"Just playing!" Bush drives 75-ton tractor at reportersThe Caterpillar D10T tractor weighs 148,000 lbs, stands 14 feet high, over 10 feet wide, 18 feet long and has a 560hp deisel engine.
George W Bush and Air Force one touched down on the tarmac at the Peoria Regional Airport at 8am CST this morning. I'm writing out of boredom, as I can't leave my work building; the highway I-74 has been shut down (although Bush will be traveling via 474) and my lunch awaits me o …
Mate-Attracting ChemicalsA chemical ecologist and a genetics researcher at the University of California, Davis, have joined forces to trick fruit flies into thinking that silkworm moths are potential mates.
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