June 19, 2010 at 3:44 p.m.
Filed under:
China,
Construction,
International
By Reuters
Caterpillar Inc. , the U.S. machinery giant that sells billions of dollars of earth-moving equipment and other products to China each year, said on Saturday it was heartened by China’s move to gradually make the yuan more flexible, saying it would help lift U.S. exports.
“Caterpillar is encouraged by this development,” said Rich Lavin, a group president with the company who is responsible for emerging markets, “and we believe over time that a stronger Chinese currency will promote more exports from the U.S. to China.” Get the full story »
June 18, 2010 at 10:16 a.m.
Filed under:
Manufacturing
By Associated Press
Caterpillar equipment is seen at the Ziegler CAT dealer in Altoona, Iowa. Caterpillar Inc. said June 18 its machine sales worldwide jumped 11 percent in May. (AP Photo/Charlie Neibergall, File)
Caterpillar Inc. said Friday its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset declines in European sales.
Caterpillar is the world’s largest maker of construction and mining equipment. Because its iconic yellow-and-black equipment is used in many different sectors all over the world, the company’s sales are considered an indicator of global economic health. Get the full story »
June 1, 2010 at 9:34 a.m.
Filed under:
M&A,
Manufacturing
Associated Press | Heavy equipment maker Caterpillar Inc. says its railroad service unit will spend $820 million cash to acquire locomotive maker Electro-Motive Diesel.
Caterpillar says that its Progress Rail Services division has agreed to buy EMD from private equity firms Berkshire Partners and Greenbriar Equity Group.
Get the full story »
April 30, 2010 at 5:05 p.m.
Filed under:
Economy,
Jobs/employment,
Layoffs,
Manufacturing
From Crain’s Chicago Business | Peoria-based heavy-equipment producer Caterpillar expects to rehire 9,000 of the 19,000 workers who were laid off worldwide during the recession.
Get the full story: chicagobusiness.com.
