January 26, 2008 |
Caterpillar Inc., the world's largest maker of bulldozers and excavators, said fourth-quarter earnings rose 11% as demand from China, Russia and South Africa helped overcome slower sales in the U.S., where recession is "a definite threat." Net income increased to $975 million, or $1.50 a share, from $882 million, or $1.32, a year earlier, the Peoria, Ill.-based company said. Sales gained 10% to $12.1 billion. Overseas sales accounted for about 56% of the year's $45 billion in revenue.
April 14, 1992 |
The two sides in the Caterpillar Inc. strike got together with a federal mediator in hopes of ending the five-month walkout. Negotiators for Caterpillar and the United Auto Workers union met in separate rooms, and three mediators shuttled between them. There was no word on what specifically was discussed or if any progress was made. The parties came together at the invitation of the Federal Mediation and Conciliation Service in the Chicago suburb of Hinsdale. The last talks were held March 26.
April 10, 1998 |
Caterpillar Inc. said it bought Rockwell International Corp.'s Kato Engineering unit. Terms were not disclosed. Mankato, Minn.-based Kato, which has 560 employees, makes electric generators used in primary and standby power systems. It reported sales of $70 million last year. Peoria, Ill.-based Caterpillar is the world's largest maker of construction and mining products, natural gas engines and industrial gas turbines. It also produces a wide range of power generators.
June 7, 2000 |
Caterpillar Inc. will be allowed to sell its own brand of toys, shoes and other merchandise at a farm attraction it is sponsoring in Walt Disney Co.'s new California Adventure park, Caterpillar spokeswoman Rachele Kunz says. Usually, only Disney merchandise is sold at the park. Though unusual, the arrangement with Caterpillar is not without precedent: A Mattel Inc.
July 17, 2002 |
Caterpillar Inc. said second-quarter net income fell 26%, far below estimates, and lowered its estimate for full-year profit because of declining spending on bulldozers and backhoes. Shares of the No. 1 maker of earthmoving equipment fell 4.9% after the company said net income fell to $200 million, or 58 cents a share, from $271 million, or 78 cents, in the year-earlier quarter. Sales fell 3.6% to $5.