The chief executive of Peoria-based Caterpillar Inc. again criticized the business climate in the heavy equipment maker’s home state of Illinois Wednesday, but downplayed reports that it might leave. Get the full story »
Inside these posts: Caterpillar
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Caterpillar machine sales rise 11% in May
Caterpillar equipment is seen at the Ziegler CAT dealer in Altoona, Iowa. Caterpillar Inc. said June 18 its machine sales worldwide jumped 11 percent in May. (AP Photo/Charlie Neibergall, File)
Caterpillar Inc. said Friday its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset declines in European sales.
Caterpillar is the world’s largest maker of construction and mining equipment. Because its iconic yellow-and-black equipment is used in many different sectors all over the world, the company’s sales are considered an indicator of global economic health. Get the full story »
Stocks start the week higher, led by Caterpillar
Dow Jones Newswires | U.S. stocks rose Monday, as hopes for global growth were lifted by an unexpectedly strong jump in euro zone industrial production and encouraging comments from a Federal Reserve member. Caterpillar led the measure’s gains, rising 2 percent as expectations for global demand rose.
Caterpillar, Navistar near $586M China truck tie
Reuters | Caterpillar Inc and Navistar International Corp are finalising a 4
billion yuan ($586 million) truck and engine manufacturing tie-up with
China’s Jianghuai Automobile, a source with direct knowledge of the deal
said on Friday.
Initial investment in the project will be twice as much as the amount
previously disclosed — 2 billion yuan — as Jianghuai and Navistar are
also planning a separate 50-50 diesel engine tie, the source told
Reuters.
“There will actually be two joint ventures. The engine venture is meant
to be a supplier for the truck project,” said the source.
Caterpillar sets customer-focused goals for future
Associated Press | Heavy equipment maker Caterpillar Inc. says its long-term profit goals
won’t change when Doug Oberhelman takes over as CEO this summer. The
Peoria, Ill.-based company released an updated version of its strategic
plan Tuesday that calls for the firm to focus on its customers’ needs.
