Caterpillar

Business

China Helps Make Caterpillar Great Again as Outlook Improves

Daniel Acker/Bloomberg News

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 to Move Headquarters From Longtime Home to Chicago

Luke Sharrett/Bloomberg News

Caterpillar Inc. will move its global headquarters to the Chicago area from its longtime home in central Illinois this year, the company said on Jan. 31, as it continues to grapple with weak demand for its earth-moving equipment.

January 31, 2017
Business

Caterpillar Sees Drag From Used Equipment as Miners Bounce Back

Krisztian Bocsi/Bloomberg News

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
Business

Caterpillar Lowers Sales Forecast as Rebound Proves Elusive

Scott Maxworthy/Flickr

Caterpillar Inc., the biggest maker of construction and mining equipment, cut its 2016 revenue forecast and said next year won’t be much different as companies defer purchases amid sluggish growth and low commodity prices. Shares fell.

Andrew Willis | Bloomberg News
October 25, 2016
Business

Caterpillar CEO Leaves Heir to Finish Navigating Commodity Rout

Jeff Kowalsky/Bloomberg News

Caterpillar Inc.’s Doug Oberhelman will retire after 41 years at the largest maker of construction and mining equipment, leaving his replacement to finish the job of steering through a commodities slump.

October 17, 2016
Business

Caterpillar Profit Tops Estimate as Cuts Stop Slide

Rebecca Cook/Reuters

Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.

Joseph Richter | Bloomberg News
July 26, 2016
Business

Caterpillar’s All-Seeing Sensors Steady Profit in Downturn

Krisztian Bocsi/Bloomberg News

Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.

Sonja Elmquist | Bloomberg News
July 25, 2016
Business

Caterpillar to Pay $60 Million to Settle Engine Defect Claims

Daniel Acker/Bloomberg News

Caterpillar Inc. has agreed to pay $60 million to settle claims about defects in its C13 and C15 engines, which were taken off the market after widespread reports by fleets of shutdowns and sudden loss of horsepower.

June 29, 2016
Business

Caterpillar to Close Five Plants, Cut 820 Jobs

Daniel Acker/Bloomberg News

Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to “tough market conditions.”

April 29, 2016
Business

Caterpillar to End Production of On-Highway Vocational Trucks

Rebecca Cook/Reuters

Caterpillar Inc. will stop production of its on-highway vocational trucks due to the “current business climate in the truck industry.”

February 26, 2016

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