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Caterpillars

BUSINESS
December 26, 2002 | Susan Kelly, Reuters
Manolo and Prada, move aside. Some brawny brands from the industrial heartland are vying for "designer" space on store shelves. Midwestern manufacturers such as Caterpillar Inc., Deere & Co. and Harley-Davidson Inc. -- best known for building powerful machines -- are muscling into consumer categories from apparel and footwear to toys and housewares. Among the top sellers are child-size, battery-powered tractors and motorcycles that kids can tool around on at 5 mph.
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BUSINESS
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.
BUSINESS
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.
BUSINESS
April 17, 2002 | Associated Press
Caterpillar Inc. said low sales of heavy machinery and engines contributed to a 51% decline in first-quarter earnings. Net earnings were $80 million, or 23 cents per share, missing estimates. Sales fell 8.3% to $4.41 billion. Caterpillar blamed price competition and said the slow economy and warmer-than-normal temperatures in recent months caused less capital spending and excess electrical power. Full-year orders will be about the same to slightly higher from orders last year, the company said.
NEWS
August 12, 2001 | ELIZABETH MEHREN, TIMES STAFF WRITER
The worms crawl in, the worms crawl out. One day not long ago, Michelle Bracken got a frantic call from her husband. Something is eating our lawn! She rushed home to this suburb south of Boston, where an eerie sight awaited her. "We literally saw the grass moving," she recalled. Three days later, the lush green carpet that to Jim Bracken symbolized the pride of homeownership disappeared. Munch, munch, munch.
NEWS
March 18, 2001 | DAVID DISHNEAU, ASSOCIATED PRESS
As the insects sleep, snug in their egg masses, forest managers are marshaling forces to battle what is expected to be Maryland's biggest infestation of gypsy moth caterpillars in at least six years. They are begging money and charting a strategy for spraying pesticides this spring on 50,000 acres, mainly in western Maryland from Garrett County to the forests around Camp David.
ENTERTAINMENT
March 16, 2001 | LYNNE HEFFLEY, TIMES STAFF WRITER
Eric Carle's "The Very Hungry Caterpillar," a picture book beloved by preschoolers since its first publication in 1969, is brought to memorable life as a glow-in-the-dark puppet production by the Mermaid Theatre of Nova Scotia.
BUSINESS
November 23, 2000 | From Reuters
Caterpillar Inc., the world's No. 1 maker of construction and mining equipment, and the commercial vehicle unit of Germany's DaimlerChrysler said Wednesday they have agreed to form a global alliance to make vehicle parts. Under the 50-50 alliance, the companies said, they will form two joint ventures, one to develop and manufacture medium-duty engines and parts and another to develop and manufacture fuel systems.
BUSINESS
June 7, 2000 | E. SCOTT RECKARD, E. Scott Reckard covers tourism for The Times. He can be reached at (714) 966-7407 and at scott.reckard@latimes.com
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.
BUSINESS
June 6, 2000 | E. Scott Reckard
Caterpillar Inc. has agreed to sponsor a farming attraction at Walt Disney Co.'s California Adventure, the Anaheim theme park that opens next to Disneyland in February. The Peoria, Ill., manufacturer of earth-moving equipment will sponsor a one-acre exhibition that will include an orange grove, insect exhibits and displays of the evolution of farming. Corporate sponsors pay Disney to have their names and products displayed at attractions. Terms of the Caterpiller deal weren't disclosed.
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