Business

Aluminum Giant’s CEO Sees Trade War’s Lasting Impact on Use

The trade war between the U.S. and China that’s clouded the global growth outlook will have a lasting negative effect on aluminum demand, Norsk Hydro ASA CEO Hilde Merete Aasheim said.

Joe Deaux | Bloomberg News
July 26, 2019
Business, Technology

Caterpillar Tops Estimates, but Investors See ‘Cracks’ in Other Businesses

Impressive results in Caterpillar Inc.’s mining business weren’t enough to assuage investor concerns about the outlook for its other businesses for the rest of the year.

Joe Deaux | Bloomberg News
April 24, 2019
Business

Caterpillar 4Q Profits Tumble; Trade With China Cited

Caterpillar Inc. posted the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment.

Joe Deaux | Bloomberg News
January 28, 2019
Government, Business, Equipment

Caterpillar Sales Boom Can’t Save It From Trade-War Carnage

The world on the cusp of a trade war has spooked investors, and few companies are feeling the fright more than Caterpillar Inc.

Joe Deaux | Bloomberg News
June 20, 2018
Business, Equipment

Caterpillar Gives Vote of Confidence to Global Economy

Caterpillar Inc. raised its earnings forecast in a sign that industries from mining to energy are gaining momentum amid a stronger global economy — assuming no trade wars.

Joe Deaux | Bloomberg News
April 24, 2018
Business, Equipment

Caterpillar Tops Estimates Again With a Bright Outlook for 2018

If you want more evidence of a broadening expansion in the global economy, look no further than Caterpillar Inc.

Joe Deaux | Bloomberg News
January 25, 2018
Business, Technology, Equipment, Autonomous

Mining Giant Vies With Tech Firms for Workers in Push for Self-Driving Trucks

Rio Tinto Group, the world’s second-largest mining company, is focused as much on driver-less trucks and automated drills as conventional shovels and loaders these days. That means it needs a whole lot more high-tech workers.

Joe Deaux | Bloomberg News
October 4, 2017
Business

China Helps Make Caterpillar Great Again as Outlook Improves

Caterpillar Inc., the iconic American machinery maker, is finally emerging from a four-year slump, thanks in part to China.

Joe Deaux | Bloomberg News
April 25, 2017
Business

Caterpillar Sees Drag From Used Equipment as Miners Bounce Back

Ample used construction-equipment supplies and restrained spending from miners mean the commodities rebound won’t be giving much of a lift to beleaguered Caterpillar Inc., which forecast 2017 results that trailed analysts’ estimates. The shares fell.

Joe Deaux | Bloomberg News
January 27, 2017