Caterpillar profit tumbles with world economy on lockdown

April 28, 2020 7:06 am Leave a comment

Construction equipment made by Caterpillar stands ready for export to Asia on Nov. 4, 2019, at the Port of Tacoma in Tacoma, Washington. (AP Photo/Ted S. Warren, File)

Caterpillar's profits are down 46% with much of the global economy seized by the spread of the coronavirus pandemic.

Slowing spending by builders drags on Caterpillar earnings

October 23, 2019 11:00 am Leave a comment

A Puckett Machinery Co. technician walks past a new heavy duty Caterpillar excavator that awaits modification in Flowood, Mississippi. Caterpillar Inc. reports financial earns on Wednesday, Oct. 23. (AP Photo/Rogelio V. Solis)

A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and revenue slid in the third quarter.

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Cooling energy sector pings Caterpillar

July 24, 2019 8:22 am Leave a comment

A Caterpillar 279D Compact Track Loader sits at a demolition site on May 8 in Fort Lauderdale, Florida. Caterpillar Inc. reported on Wednesday it had earnings of $1.62 billion, or $2.83 a share, in the second quarter.. (AP Photo/Wilfredo Lee)

Caterpillar is posting weak profits and revenue for the second quarter as the energy sector cools.

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South Milwaukee Caterpillar employee injured on the job dies

May 16, 2018 6:10 am Leave a comment

An employee at the Caterpillar weld shop in South Milwaukee has died of injuries he suffered on the job last week.

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Caterpillar moving top execs to Chicago area

February 1, 2017 9:06 am Leave a comment

Caterpillar Inc. is moving its headquarters to the Chicago area and won't build a new complex in its current Peoria, Ill., location.

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Caterpillar notifies state of Prentice closing

August 3, 2016 8:59 am Leave a comment

Caterpillar has notified state labor officials that it will discontinue operations at its forest-products operation in Prentice.

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Caterpillar to locate offices in Tucson

May 3, 2016 1:46 pm Leave a comment

a Caterpillar grader is trucked out of the plant in Decatur, Ill. Caterpillar Inc. said Friday, April 5, 2013, it plans to lay off more than 460 employees this June at its Decatur plant as part of an ongoing series of production cuts. (AP File Photo/Seth Perlman)

Heavy equipment-maker Caterpillar Inc. plans to put hundreds of jobs in Arizona with the selection of Tucson as the location of new consolidated offices for the company's mining and technology division.

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Caterpillar closing 5 plants, cutting 670 jobs

January 29, 2016 2:35 pm Leave a comment

Caterpillar's restructuring plans include eliminating more than 200 jobs in northern Wisconsin.

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Court slams Caterpillar for denying union access to site of worker’s death

October 2, 2015 4:09 pm Leave a comment

A federal court has ordered Caterpillar to allow a union inspector into its South Milwaukee plant to investigate the 2011 death of a crane operator.

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Caterpillar could cut 10,000 jobs to reduce costs

September 24, 2015 12:18 pm Leave a comment

Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets that it serves.

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