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.
April 17, 2002 |
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.
August 12, 2001 |
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.
March 18, 2001 |
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.
March 16, 2001 |
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.
November 23, 2000 |
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.
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.
June 6, 2000 |
Caterpillar Inc. has agreed to sponsor a farming attraction at Disney's California Adventure, the Anaheim theme park that opens beside Disneyland in February, the companies said Monday. Terms were not released. The Peoria, Ill., manufacturer of earth-moving equipment will sponsor Bountiful Valley Farm, a 1-acre exhibition that will include an orange grove, insect exhibits and displays of the evolution of farming.
July 25, 1999 |
Caterpillar Inc. has always thought big. Big as in earth-movers that crawl across the ground like Titans and are used to gut mountains. And big as in sales contracts that take a government appropriation to pay. But now Caterpillar, the world's biggest maker of heavy equipment, is thinking small. That is small as in equipment that can be carried in the back of a pickup truck, rented for a day to dig a trench in the back yard.