Caterpillar to Pay Millions for Crimes Against Customers, Including XPO Logistics
A wholly owned subsidiary of Caterpillar Inc. will pay tens of millions of dollars for intentionally cheating its customers with unnecessary repairs and dumping rail car parts into the ocean to cover up its actions.
Caterpillar Seeks New CFO With Halverson to Retire Next Year
Caterpillar Inc. Chief Financial Officer Brad Halverson will retire in early 2018.
Caterpillar Boosts Its Outlook as the Global Recovery Gains Traction
Caterpillar Inc. is strengthening its forecast for a first annual sales increase in five years, thanks largely to construction in China.
July 25, 2017China 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.
Caterpillar to Move Headquarters From Longtime Home to Chicago
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.
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.
Caterpillar Lowers Sales Forecast as Rebound Proves Elusive
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.
Caterpillar CEO Leaves Heir to Finish Navigating Commodity Rout
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.
Caterpillar Profit Tops Estimate as Cuts Stop Slide
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.
Caterpillar’s All-Seeing Sensors Steady Profit in Downturn
Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.