Caterpillar

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Caterpillar 3Q Earnings Tumble 44 Percent

Caterpillar’s mining business is down in a hole. Its third-quarter earnings plunged 44 percent and it cut its forecast, again. It said revenue will be almost $11 billion lower than last year, a drop of 17 percent.

10/23/2013

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar Drops Boy Scout Support Over Gay Ban

Caterpillar Inc. says it will no longer give money to the Boy Scouts of America because the organization doesn’t allow homosexuals to serve as adult leaders. Spokeswoman Rachel Potts says that the Caterpillar Foundation made the decision while reviewing the groups it supports.

06/13/2013

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar 1Q Profit Shrank; Cuts 2013 Outlook

First-quarter profit shrank 45 percent. Caterpillar lowered its expectations for full year sales and profits because its mining business is slowing. Sales of Caterpillar-branded mining machines will drop by half this year, the company said on Monday.

04/22/2013

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar 4Q Earnings Fall By Half

Caterpillar said on Monday that its 2013 profit could shrink if the world’s economy doesn’t pick up in the second half of the year, as mining companies and builders remain cautious about buying new gear.

01/28/2013

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar Will Close Owatonna Plant, Cut 100 Jobs

Officials with Caterpillar said Thursday they are planning to close their Owatonna plant and consolidating operations within their forestry business.

11/08/2012

(credit: ERIC LALMAND/AFP/Getty Images)

Caterpillar Sees Weak Economy As It Cuts Outlook

Caterpillar says the global economy is weaker than previously thought, and it’s cutting its profit and revenue guidance for 2012.

10/22/2012

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