8 result(s) displayed (1 - 8 of 8):

CAT outlook brightens after 3Q 'low point' (from Corporate Dealmaker)

Caterpillar Inc. (NYSE:CAT) chief executive Jim Owens called the recently ended third quarter the "low point for Caterpillar sales and revenue." The heavy equipment manufacturer reported sales of $7.29 billion for the quarter, down 44% from the same period a year earlier. Profit for the quarter dropped to $404 million,...

Posted on October 20, 2009 10:00 AM

CAT posts loss, calls infrastructure stimulus too small (from Corporate Dealmaker)

Three months ago, Peoria, Ill.-based Caterpillar Inc. (NYSE:CAT) announced 20,000 job cuts among other restructuring measures. Just six months before that it was riding profits from sales of equipment as commodity prices soared and mining companies, among others, were demanding more products. Now, the world's No. 1 construction equipment maker...

Posted on April 21, 2009 1:16 PM

Two cheers for two industrial CEOs (from Corporate Dealmaker)

Let's take a little time Tuesday morning to acknowledge the hard work and strategic vision of a couple of industrial CEOs in the news: Jim Owens of Caterpillar Inc. and Andrew Liveris of Dow Chemical Co.No, seriously. It's true that both are in hot water at the moment, Liveris more...

Posted on January 27, 2009 10:45 AM

Caterpillar follows mining boom to bust, 20,000 jobs cut (from Corporate Dealmaker)

It was only six months ago Peoria, Ill.-based Caterpillar Inc. was flying high on profits from sales of equipment as commodity prices soared and mining companies, among others, were demanding more products. These days, the world's No. 1 manufacturer of construction machinery, is singing the same sad song heard around...

Posted on January 26, 2009 3:18 PM

Building and buying in emerging markets pays off for Caterpillar (from Corporate Dealmaker)

IBM Corp. knows it. Procter & Gamble Co. knows it. And Caterpillar Inc. knows it too: A strong presence in fast-growing emerging markets does wonders for a company's results.Cat's second-quarter earnings, released Tuesday, shot up 34% thanks to the company's sales in developing economies in Asia, South America and elsewhere....

Posted on July 22, 2008 4:17 PM

Caterpillar strategy calls for heavy-duty alliance (from Corporate Dealmaker)

Caterpillar Inc., the world's No. 1 manufacturer of construction machinery, and Navistar International Corp. are setting 2010 as the year they will introduce a CAT-branded heavy-duty truck in the U.S. for road construction, large infrastructure projects and oil and petroleum development. CAT's growth strategy also requires...

Posted on June 13, 2008 12:31 PM

Caterpillar adds tunnel boring to its repertoire (from Corporate Dealmaker)

At a construction equipment exhibition last month, Caterpillar Inc. chairman and CEO Jim Owens outlined long-term growth expectations for the Peoria, Ill., manufacturer. Owens said the company plans to invest about $2.3 billion in...

Posted on April 3, 2008 3:00 PM

Caterpillar spends $500M to control Japan JV (from Corporate Dealmaker)

The 50-50 joint venture between Caterpillar Inc. and Mitsubishi Heavy Industries Ltd. was formed 44 years ago. Now, under a share redemption plan, Caterpillar would become the majority shareholder (67%) in Shin Caterpillar Mitsubishi Ltd., with an option to reach full ownership after five years...

Posted on March 26, 2008 12:13 PM