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Caterpillar CEO: No plans to leave Illinois

Caterpillar CEO Douglas Oberhelman speaks at a conference hosted by the U.S. Chamber of Commerce in Washington, D.C., March 30, 2011. (Andrew Harrer/Bloomberg)

News reports that Peoria-based Caterpillar Inc. was thinking of exiting Illinois were misleading, Doug Oberhelman, chairman and chief executive of the construction and mining machine maker, said Wednesday.

The media read too much into his recent letter to Illinois Gov. Pat Quinn, he said. Get the full story »