Caterpillar said Tuesday that it is scrapping plans to build a new office complex in central Illinois and will move its corporate headquarters to Chicago — but said it plans to keep a presence in Peoria, Ill.
Caterpillar Inc., based in Peoria, Ill., is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
Caterpillar Inc. today lowered its 2016 outlook in a “challenged environment,” with third-quarter sales and revenue dropping 16 percent to $9.2 billion from $11 billion in the quarter last year.
Caterpillar Inc. said today that chairman and CEO Doug Oberhelman will retire at the end of next March.
Caterpillar Inc. today announced second-quarter results that were better than the company and analysts expected, yet is looking with caution to the second half of the year.
Goldman Sachs upgraded its rating for Caterpillar Inc. from “sell” to “neutral,” citing a weakening U.S. dollar and improvement in the commodity supply-demand balance.
Caterpillar Inc. said it will combine two divisions dealing with power and energy, a plan the company will fully execute by June.
Caterpillar Inc. today said it had fourth-quarter sales and revenue of $11 billion, down from $14.2 billion in the 2014 quarter.
Caterpillar lowered its full-year outlook in its third-quarter earnings report today and said 2016 expectations for sales and revenue are expected to drop another 5 percent for a fourth consecutive year of decline.
Caterpillar Inc. today announced a second-quarter profit of $710 million, or $1.16 a diluted share, a decrease from $999 million, or $1.57 a share, in the same quarter last year.
Caterpillar Inc. today reported a first-quarter profit of $1.1 billion, or $1.81 a share, up from $922 million, or $1.44 a share, in the same quarter last year.