Caterpillar was among the worst-performing stocks Monday on the benchmark Dow Jones Industrial Average, falling 5 percent after JPMorgan analysts downgraded the equipment maker, citing the effects of falling oil prices.
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 reported higher third-quarter revenue and profits and provided an optimistic outlook for full-year results.
Caterpillar Inc. today announced it entered into definitive agreements with Société Générale to purchase a total of $2.5 billion of its common stock under accelerated stock repurchase transactions.
Caterpillar Inc. today reported a 4 percent second-quarter increase in profits despite lower sales and revenue.
Caterpillar Inc. reported a first-quarter profit of $922 million, or $1.44 a share, an increase from $880 million, or $1.31 a share, in the first quarter of 2013.
A new report from U.S. Sen. Carl Levin, chairman of the Senate Permanent Subcommittee on Investigation, says Caterpillar Inc. avoided paying $2.4 billion in taxes by shifting billions of dollars in profits to a wholly owned Swiss affiliate.
Caterpillar Inc. reported that fourth-quarter sales and revenues were down 10 percent from 2012, but that profit-per-share beat expectations by rising from $1.04 in the fourth quarter of 2012 to $1.54 in 2013, largely because of the company’s machinery and power systems segment.
Caterpillar lowered its outlook for 2013 after reporting a drop in third-quarter sales and profits from the same period last year. The company said today that sales and revenues for the quarter that ended Sept. 30 were $13.4 billion, down from $16.4 billion in the quarter last year. Profit for the quarter was $946 million,…more
Caterpillar Marine Power Systems completed the acquisition of Johan Walter Berg AB, enabling the company to offer complete propulsion systems to the commercial marine market. Berg Propulsion, the companys core brand, manufactures mechanically and electrically driven propulsion systems and marine controls for ships. All Berg Propulsion products will be rebranded as Caterpillar. The new Cat…more
Caterpillar Inc. is shaking up its strategy as three longtime vice presidents retired and four new vice presidents come on board. Steve Fisher, Steve Larson and Bill Rohner elected to retire, the company announced. The companys board appointed four new officials from within and outside the company and is changing responsibilities for other vice presidents.…more