Business, Equipment

Caterpillar Forecasts Lower Revenue This Year

Caterpillar Inc. warned that revenue will be “slightly lower” in 2025 as demand concerns weigh on the outlook of the heavy equipment maker.

Joe Deaux | Bloomberg News
January 30, 2025
Government, Business, Equipment

Ancora-Backed CEO Candidate Proposes US Steel Overhaul

“I want to have a stake in something that I’m going to be involved in,” Alan Kestenbaum said Jan. 27 in an interview. “If I get the chance to run the show, I’ll invest in myself.”

Joe Deaux | Bloomberg News
January 27, 2025
Government, Business

Canada, Mexico Steelmakers Refuse New US Orders

Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the U.S. on concerns that President Donald Trump soon will reimpose duties.

Joe Deaux | Bloomberg News
January 24, 2025
Government, Business

Nippon Steel Makes Anti-Import Vow to US Steel Workers

Nippon Steel Corp. is promising unionized workers of United States Steel Corp. that it won’t send steel shipments from its overseas mills as part of its commitments to seal a $14.1 billion takeover of the American company.

Joe Deaux | Bloomberg News
November 18, 2024
Business, Equipment

Caterpillar Misses Estimates on Weakening Construction

Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction around the world.

Joe Deaux | Bloomberg News
October 30, 2024
Business, Equipment

Caterpillar Falls as Shrinking Backlog Raises Demand Worry

Caterpillar Inc. shares tumbled in premarket trading after the company said its order backlog shrank in the third quarter, in a sign of slowing demand for its iconic yellow machinery.

Joe Deaux | Bloomberg News
October 31, 2023
Business, Equipment

Caterpillar Defies Slowdown Fears as Profit Tops Estimates

Caterpillar shook off concerns of a global slowdown in economic activity, posting profit that exceeded Wall Street’s expectations amid demand for the company’s iconic yellow machinery.

Joe Deaux | Bloomberg News
August 1, 2023
Business

Caterpillar Leaves Illinois to Move to Texas

Caterpillar Inc., the producer of iconic yellow construction and mining equipment, is moving its headquarters to the Dallas-Fort Worth area, effectively ending its century-long history calling the state of Illinois home.

Joe Deaux | Bloomberg News
June 14, 2022
Government, Business, Fuel

Biden Invokes Defense Production Act to Boost EV Battery Production

The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.

Joe Deaux | Bloomberg News
March 31, 2022
Business, Technology, Fuel, Autonomous

Tesla Strikes Deal for Nickel for Batteries to Ensure Supply

Tesla Inc. agreed to purchase nickel supplies from miner Talon Metals Corp. as an expected surge in demand spurs automakers to secure access to battery metals and other electric car parts.

Joe Deaux | Bloomberg News
January 11, 2022