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Caterpillar Inc

April 14, 1992 | From Times Staff and Wire Reports
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.
July 17, 2002 | Bloomberg News
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.
October 15, 2002 | Bloomberg News
Caterpillar Inc., the world's second-biggest maker of heavy-duty diesel engines, said it would lay off as many as 3,270 workers at Illinois and Georgia plants that make truck engines because of slowing demand. Caterpillar and rivals such as DaimlerChrysler's Detroit Diesel unit are laying off workers as heavy-truck demand declines because of tougher U.S. truck-engine pollution rules that took effect this month.
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