Caterpillar Inc http://www.globalpost.com/taxonomy/term/48835/all en Analysis - Caterpillar cries "uncle" on mining; investors cry "buy" http://www.globalpost.com/dispatch/news/thomson-reuters/130422/analysis-caterpillar-cries-uncle-mining-investors-cry-buy <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>CHICAGO (Reuters) - An odd thing happened on Monday when Caterpillar Inc &lt;CAT.N&gt;, the world's largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness in the mining industry it bet on so heavily in recent years.</p> <p>Its shares rallied.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130422/analysis-caterpillar-cries-uncle-mining-investors-cry-buy" target="_blank">read more</a></p> Business Caterpillar Inc Land transport mining Technology Transport Thomson Reuters Mon, 22 Apr 2013 23:00:50 +0000 5822733 at http://www.globalpost.com Shares of Caterpillar look 'cheap': Barron's http://www.globalpost.com/dispatch/news/thomson-reuters/130507/shares-caterpillar-look-cheap-barrons <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Shares of the world's largest construction and mining equipment maker Caterpillar Inc &lt;CAT.N&gt; look poised to rise as the economic recovery picks up, financial newspaper Barron's said on Sunday.</p> <p>Caterpillar rose 2.7 percent to $86.98 on Friday following positive U.S. economic news, which may be a good entry point for investors with a 12- to 24-month horizon, the article said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130507/shares-caterpillar-look-cheap-barrons" target="_blank">read more</a></p> Business Caterpillar Inc Financial regulation Short selling Thomson Reuters Tue, 07 May 2013 17:56:18 +0000 5833118 at http://www.globalpost.com Caterpillar 2Q profit drops 43 per cent as dealers cut equipment inventories; outlook trimmed http://www.globalpost.com/dispatch/news/the-canadian-press/130724/caterpillar-2q-profit-drops-77-cent-dealers-cut-equipment-in <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>A global mining industry slump cut into second-quarter earnings at Caterpillar Inc. as companies spent less on equipment and dealers cut inventories more than Caterpillar expected.</p> <p>The world's largest maker of construction and mining equipment posted a 43 per cent slide in earnings and cut its profit and revenue outlook for the year.</p> <p>Caterpillar reported earnings of $960 million, or $1.45 per share, compared with $1.7 billion, or $2.54 per share a year ago. Revenue slid 15.8 per cent to $14.63 billion.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2013 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130724/caterpillar-2q-profit-drops-77-cent-dealers-cut-equipment-in" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Economy of the United States Labor Law The Canadian Press Wed, 24 Jul 2013 12:35:45 +0000 5892334 at http://www.globalpost.com Caterpillar posts lower results, cuts outlook yet again http://www.globalpost.com/dispatch/news/thomson-reuters/131023/caterpillar-posts-lower-results-cuts-outlook-mining-weakness <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>CHICAGO (Reuters) - Caterpillar Inc's &lt;CAT.N&gt; ill-timed bet on the global commodity boom came back to haunt it yet again on Wednesday, forcing the heavy equipment maker to post a lower-than-expected profit.</p> <p>The company also cut its full-year forecast and offered a first glimpse of 2014 sales that suggested weakness from mining customers would continued to bedevil sales in the new year.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131023/caterpillar-posts-lower-results-cuts-outlook-mining-weakness" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Labor Law Manufacturing Technology Thomson Reuters Wed, 23 Oct 2013 13:03:57 +0000 5968458 at http://www.globalpost.com Caterpillar posts stronger-than-expected fourth-quarter profit http://www.globalpost.com/dispatch/news/thomson-reuters/140127/caterpillar-posts-stronger-expected-fourth-quarter-profit <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - Caterpillar Inc &lt;CAT.N&gt; posted a stronger-than-expected quarterly profit on Monday as the world's largest mining and construction equipment aggressively cut costs to offset continued sluggish sales of its earth-moving equipment.</p> <p>The results sent the company's shares up 6.1 percent to $91.40 in early electronic trading on the New York Stock Exchange.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140127/caterpillar-posts-stronger-expected-fourth-quarter-profit" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Year of birth missing Thomson Reuters Mon, 27 Jan 2014 13:32:15 +0000 6054136 at http://www.globalpost.com Cost cuts, equipment sales helps Caterpillar 4Q & 2014 forecast beat Street; OKs $10B buyback http://www.globalpost.com/dispatch/news/the-canadian-press/140127/caterpillar-4q-results-top-street-oks-10b-buyback-2014-forec <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>NEW YORK, N.Y. - Caterpillar used a combination of cost-cutting and strong sales of construction equipment to deliver a fourth-quarter profit that topped Wall Street estimates and gave the sagging stock market some needed support.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140127/caterpillar-4q-results-top-street-oks-10b-buyback-2014-forec" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Economy of the People's Republic of China USD The Canadian Press Mon, 27 Jan 2014 13:22:40 +0000 6054092 at http://www.globalpost.com What emerging market meltdown? Caterpillar more worried about Europe http://www.globalpost.com/dispatch/news/thomson-reuters/140127/what-emerging-market-meltdown-caterpillar-more-worried-about-eu <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>(Reuters) - Caterpillar Inc said on Monday it remained upbeat about the outlook for China, even as concerns about the world's second-largest economy and other developing countries triggered another sharp selloff in global financial markets.</p> <p>The comments came as Caterpillar, the world's largest maker of earth-moving equipment, reported better-than-expected earnings, lifted in part by another strong quarter of construction equipment sales in China.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140127/what-emerging-market-meltdown-caterpillar-more-worried-about-eu" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Economics Thomson Reuters Mon, 27 Jan 2014 21:32:50 +0000 6054535 at http://www.globalpost.com Caterpillar dealer push may drive some out, Levenick says http://www.globalpost.com/dispatch/news/thomson-reuters/140306/caterpillar-dealer-push-may-drive-some-out-levenick-says <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>LAS VEGAS (Reuters) - Caterpillar Inc's &lt;CAT.N&gt; bid to lift the financial performance of its dealer network isn't designed to thin the ranks of the 178 independent distributors that sell and service its earth-moving products around the globe, a company executive said.</p> <p>But Stuart Levenick, who is charged with overseeing the financial turnaround, said an unknown number of dealers including some family-run businesses, could be casualties of the push unveiled last month.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140306/caterpillar-dealer-push-may-drive-some-out-levenick-says" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Manufacturing Stuart Levenick Thomson Reuters Thu, 06 Mar 2014 12:11:54 +0000 6088338 at http://www.globalpost.com Insight: From dumb iron to Big Data: Caterpillar's dealer sales push http://www.globalpost.com/dispatch/news/thomson-reuters/140320/dumb-iron-big-data-caterpillars-dealer-sales-push <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>(Reuters) - Caterpillar Inc has a long tradition of proudly - and publicly - proclaiming how much it loves its dealers.</p> <p>In recent years, the Peoria, Illinois-based company has called the 178 independently owned businesses that distribute its earth-moving products worldwide everything from "a critical competitive differentiator" to "the foundation" of its success.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140320/dumb-iron-big-data-caterpillars-dealer-sales-push" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Construction Technology Thomson Reuters Thu, 20 Mar 2014 14:18:22 +0000 6100172 at http://www.globalpost.com Caterpillar to face U.S. Senate panel on offshore taxes http://www.globalpost.com/dispatch/news/thomson-reuters/140328/caterpillar-face-us-senate-panel-offshore-taxes <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Patrick Temple-West</p> <p>WASHINGTON (Reuters) - Caterpillar Inc's offshore tax strategies will come under scrutiny on Tuesday at a U.S. Senate hearing expected to examine dealings by the world's largest mining and construction equipment maker in Switzerland, Bermuda and Luxembourg.</p> <p>With many multinationals being criticized for tax avoidance, veteran tax sleuth Senator Carl Levin will chair another session of his Permanent Subcommittee on Investigations, with three current and former Caterpillar executives slated to testify.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140328/caterpillar-face-us-senate-panel-offshore-taxes" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Manufacturing Thomson Reuters Fri, 28 Mar 2014 21:06:48 +0000 6108057 at http://www.globalpost.com Republicans defend Caterpillar, blast U.S. tax code at hearing http://www.globalpost.com/dispatch/news/thomson-reuters/140401/us-senate-panel-grill-caterpillar-executives-at-tax-hearing <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Patrick Temple-West</p> <p>WASHINGTON (Reuters) - The broken U.S. tax code encourages companies to shift profits overseas, Republican senators said on Tuesday, seeking to deflect criticism from Caterpillar Inc at a hearing on how it allegedly avoided paying $2.4 billion in taxes.</p> <p>The world's largest maker of mining and construction equipment was only acting in its shareholders' best interests, and in a wholly legal manner, Republicans said at the Senate Permanent Subcommittee on Investigations hearing.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140401/us-senate-panel-grill-caterpillar-executives-at-tax-hearing" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Environment Finance Health Politics Thomson Reuters Tue, 01 Apr 2014 13:59:08 +0000 6110620 at http://www.globalpost.com Caterpillar defends tax strategy that saves billions; Rand Paul says company deserves award http://www.globalpost.com/dispatch/news/the-canadian-press/140401/senator-says-manufacturing-giant-caterpillar-uses-offshore-h <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>WASHINGTON - Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.</p> <p>Caterpillar has avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits to a wholly-controlled affiliate in Switzerland, according to a report released by Sen. Carl Levin, D-Mich.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140401/senator-says-manufacturing-giant-caterpillar-uses-offshore-h" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Finance Labor Law Politics The Canadian Press Tue, 01 Apr 2014 13:02:55 +0000 6110543 at http://www.globalpost.com Caterpillar defends taxes attacked by U.S. Senate Democrat http://www.globalpost.com/dispatch/news/thomson-reuters/140401/caterpillar-defends-taxes-attacked-us-senate-democrat <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Patrick Temple-West</p> <p>WASHINGTON (Reuters) - Caterpillar Inc defended itself on Tuesday against accusations of offshore tax-dodging, telling a U.S. Senate panel that a low-tax unit the company set up years ago in Switzerland has not been challenged by U.S. tax authorities.</p> <p>Executives from the world's largest maker of mining and construction equipment were hauled in front of the Senate Permanent Subcommittee on Investigations to answer to allegations made by the panel in a 99-page report.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140401/caterpillar-defends-taxes-attacked-us-senate-democrat" target="_blank">read more</a></p> Business Caterpillar Inc Caterpillar Inc. Environment Finance Health Politics Thomson Reuters Tue, 01 Apr 2014 23:07:53 +0000 6111107 at http://www.globalpost.com Caterpillar posts higher first-quarter profit, raises outlook http://www.globalpost.com/dispatch/news/thomson-reuters/140424/caterpillar-posts-higher-first-quarter-profit-raises-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By James B. Kelleher</p> <p>(Reuters) - Caterpillar Inc &lt;CAT.N&gt; on Thursday posted a quarterly profit that topped analysts' estimates and raised its full-year outlook on a stronger-than-expected rebound in sales to the construction industry.</p> <p>The news sent shares of the world's largest maker of earth-moving machinery up 4.0 percent to $107.20 in trading before the market opened.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2014.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/140424/caterpillar-posts-higher-first-quarter-profit-raises-outlook" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average Labor Manufacturing Thomson Reuters Thu, 24 Apr 2014 13:49:39 +0000 6129678 at http://www.globalpost.com Caterpillar's 1st quarter profit climbs 5 per cent, 2014 forecast also rises http://www.globalpost.com/dispatch/news/the-canadian-press/140424/caterpillars-1st-quarter-profit-climbs-5-cent-2014-forecast- <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>Caterpillar's first-quarter earnings rose 5 per cent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results.</p> <p>The Peoria, Ill., company now expects 2014 earnings of $6.10 per share excluding restructuring costs. That's up from its previous forecast for $5.85 per share and well above Wall Street expectations.</p> <p>Analysts expect earnings of $5.72 per share, on average, according to FactSet.</p> <p>Caterpillar Inc. shares jumped almost 3 per cent by midday Thursday.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.globalpost.com/terms-use#cp">Copyright 2014 Canadian Press.</a></p> <p>All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.</p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/140424/caterpillars-1st-quarter-profit-climbs-5-cent-2014-forecast-" target="_blank">read more</a></p> Caterpillar Inc Caterpillar Inc. Dow Jones Industrial Average FactSet Research Systems USD The Canadian Press Thu, 24 Apr 2014 12:42:14 +0000 6129571 at http://www.globalpost.com