Caterpillar

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Caterpillar to Blame for Worker's Fall Into Molten Iron

OSHA proposes $145K fine over Steve Dierkes' death in June

(Newser) - A worker had been on the job a little over a week when he fell into a pot of molten iron that ABC News reports was "twice as hot as lava." Steve Dierkes, a melting specialist at a Caterpillar foundry in Mapleton, Illinois, was "immediately incinerated" by...

Coffee Shop: Big Company Has 'Ridiculous' Claim on Word 'Cat'

Cat and Cloud Coffee is pushing back on Caterpillar's trademark infringement claim

(Newser) - The world of copyright and trademark infringement is a tricky one that often involves David vs. Goliath battles—a truth that a coffee shop in Santa Cruz, Calif., is finding out the hard way. KSBW reports that Cat and Cloud Coffee first received a cease-and-desist order last August from none...

Rough Day for Stocks, Scary Warning on Housing

Dow falls more than 400 points

(Newser) - It's shaping up to be a bleak day on Wall Street, with the Dow falling more than 400 points at the open. The S&P 500 and Nasdaq were in similar straits. The Wall Street Journal chalks up the declines to lousy earnings reports from blue chips Caterpillar and...

This Company Has a -5% Corporate Tax Rate

GE tops WalletHub's list of companies with lowest corporate tax rates; Caterpillar has the highest

(Newser) - To best understand how President Trump's plan to cut the corporate tax rate from 35% to 20% would affect companies, it's necessary to determine a company's effective tax rate. WalletHub is on the case. The outlet reviewed annual reports for the top 100 companies on the S&...

Ex-Caterpillar Employee May Collect $600M as Whistleblower

If the IRS reclaims what it thinks it's owed from the company

(Newser) - You've likely never heard of the name Daniel Schlicksup, and it's a safe bet that Caterpillar Inc. wishes it never did, either. The 55-year-old is a former accounting executive at the world's biggest maker of bulldozers, and as a long feature at Bloomberg explains, he just might...

Presbyterians Divest From 3 Big Companies Over Israel

Church says H-P, Motorola, Caterpillar help build settlements

(Newser) - The biggest Presbyterian denomination in the US made headlines last night by voting to divest from three big companies it says help Israel oppress Palestinians, reports Religion News Service . Presbyterian Church USA will sell its stock in Caterpillar, Hewlett-Packard, and Motorola Solutions because it says Israel uses their products in...

Amphibious Caterpillars Can Live Underwater for Weeks

Creature may breathe through bodily pores

(Newser) - Researchers in Hawaii have discovered several species of caterpillars that live underwater for weeks at at time. What's more remarkable is that insects don't have gills—or hold their breath. Other amphibious creatures that survive under water store oxygen in their lungs. These guys don't. "I couldn't believe it,...

Dow Up 46 Ahead of Earnings
 Dow Up 46 Ahead of Earnings 
MARKETS
Jan 11, 2010 3:12 PM CST

Dow Up 46 Ahead of Earnings

China reports big 56% jump in imports from year-ago

(Newser) - The markets were mixed today as traders awaited the launch of quarterly earnings season, which began after the bell. Dow component Caterpillar gained on trade figures from China, the Wall Street Journal reports.
  • The Dow gained 45.80 points to close at 10,663.99.
  • The Nasdaq lost 4.76,
...

Dow Climbs 96 to New 2009 High
 Dow Climbs 96 to New 2009 High 
MARKETS
Oct 19, 2009 3:19 PM CDT

Dow Climbs 96 to New 2009 High

Expectations for Caterpillar, AmEx earnings boost Dow

(Newser) - Stocks rallied today on expectations for this week’s earnings reports, with the Dow rising 96.28 points to hit a new 2009 high of 10,092.19. Caterpillar, which reports tomorrow, gained 6.5% after saying it would raise prices. American Express, which reports Thursday, gained 2.6%. Traders...

Tech Falls, But Dow Up 68
 Tech Falls, But Dow Up 68 
Jul 21, 2009 3:11 PM CDT

Tech Falls, But Dow Up 68

Market extends winning streak into 7th day

(Newser) - Stocks closed with modest gains today as the tech and financial sectors, drivers of the recent rally, lost some steam, the Wall Street Journal reports. Nonetheless, the Dow was boosted by a 7.7% rise by Caterpillar, which reported a smaller-than-expected profit decline and raised its full-year earnings forecast. Apple...

Manufacturing Stats Send Dow Down 187
 Manufacturing Stats 
 Send Dow Down 187 
MARKETS
Jun 15, 2009 3:18 PM CDT

Manufacturing Stats Send Dow Down 187

Manufacturing, housing demand reports disappoint

(Newser) - Stocks fell today as a sharp monthly decline in the New York Fed’s manufacturing index hammered the materials, industrial, and energy sectors, the Wall Street Journal reports. Alcoa fell 6.3%, with Caterpillar, John Deere, and GE also down. In housing, the National Association of Home Builders’ index of...

Stocks, Oil Jump Together
 Stocks, Oil Jump Together 
Market Open
Jun 10, 2009 8:49 AM CDT

Stocks, Oil Jump Together

(Newser) - Stocks jumped at the open today, with the Dow up 61 points, the Nasdaq adding 0.5%, and the S&P gaining 0.7%, powered by strong moves in its energy and basic materials sectors. That was due in part to the surge in fuel prices, with oil clearing $71...

Earnings Send Stocks South
 Earnings Send Stocks South 
MARKET Open
Apr 21, 2009 8:40 AM CDT

Earnings Send Stocks South

(Newser) - Stocks slid at the open this morning, after a rash of less-than-inspiring earnings reports from major companies. The Dow was down 30 points, as components Coca-Cola, Caterpillar, Dupont, and Merck all posted lousy first quarters. Caterpillar swung to a loss and slashed guidance, sending shares down 5%, while Dupont fell...

Worries Prevail, Dow Falls 42
 Worries Prevail, Dow Falls 42 
MARKETS
Apr 6, 2009 3:27 PM CDT

Worries Prevail, Dow Falls 42

Industrial, financial stocks pace declines

(Newser) - Stocks fell today, ending a 4-day winning streak for the Dow as worries about grim first-quarter earnings reports spooked investors, the Wall Street Journal reports. Alcoa, which will give its report tomorrow, fell 4.3%, as did Caterpillar, off 3.5%. The Dow fell 41.74 to close at 7,...

Dow Drops 300 to Lowest Close Since '97

Index makes a beeline for 6,000

(Newser) - Investors sold stock in droves today amid continued financial-sector woes and a poor report on manufacturing, the Wall Street Journal reports. Financials sank, and the manufacturing woes sent General Electric, Boeing, Caterpillar and 3M into downward spirals. The Dow fell 299.64 to close at 6,763.29. The Nasdaq...

Caterpillar Boss Contradicts Obama on Jobs

Even more layoffs will be needed before stimulus works: CEO

(Newser) - Caterpillar's CEO said the stimulus package would let the company start rehiring laid-off workers, according to President Obama—but he was swiftly contradicted by the boss himself, ABC News reports. CEO James Owens said that even with the stimulus package, the massive scale of the downturn would require the firm...

Big Biz Slams 'Buy American' Stimulus Clause

Exporters warn of foreign backlash if package erects free-trade barriers

(Newser) - American exporters are fighting to ditch "Buy American" provisions from the economic stimulus package, the Washington Post reports. The House version bars most foreign iron and steel from stimulus projects, while a Senate version calls for only American-made equipment and goods to be used in nearly all projects to...

Stocks Shrug Off Job Losses
 Stocks Shrug Off Job Losses 
MARKET open
Jan 26, 2009 8:58 AM CST

Stocks Shrug Off Job Losses

Pfizer deal drives gains

(Newser) - Pfizer’s massive deal to buy Wyeth helped investors shrug off the bloodbath at Caterpillar, Home Depot and Sprint-Nextel this morning, sending indexes slightly higher at the open. The Dow rose 55 points, while the S&P and Nasdaq rose 11 and 18 points respectively. Caterpillar fell 10% pre-market after...

Caterpillar to Slash 20K Jobs
 Caterpillar to Slash 20K Jobs 
Jan 26, 2009 7:50 AM CST

Caterpillar to Slash 20K Jobs

Don't they know Obama wants to heap money on infrastructure?

(Newser) - Caterpillar Inc will cut 20,000 jobs—or 18% of its workforce—after posting a 32% drop in fourth-quarter income, the Wall Street Journal reports. “We were whipsawed in the fourth quarter,” said CEO Jim Owens. “Key industries were hit by a rapidly deteriorating global economy.”...

Late Reversal Leads to Gains
 Late Reversal Leads to Gains 
MARKETS
Sep 11, 2008 3:39 PM CDT

Late Reversal Leads to Gains

Off big early on Lehman, worries, Dow finishes session up 164.79

(Newser) - The markets saw gains late in the day today despite large losses in the financial sector, MarketWatch reports. Lehman Brothers fell another 41.9% as traders deemed its survival plan ineffective. But falling oil boosted industrial and transport shares, and the Dow closed up 164.79 at 11,43371. The...

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