James B. Kelleher

What emerging market meltdown? Caterpillar more worried about Europe

August 25, 2021 at 12:49 a.m.

(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...

Caterpillar posts lower results, cuts outlook yet again

August 24, 2021 at 9:44 p.m.

CHICAGO (Reuters) - Caterpillar Inc's 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...

Analysis: Caterpillar plan illustrates risk of variable pay plans

August 24, 2021 at 7:53 p.m.

PEORIA, Ill (Reuters) - Caterpillar Inc has put workers on notice that its short-term incentive plan, the centerpiece of a performance-based, profit-sharing program, will make its smallest payout since the...

Deere profit jumps; concerns over farm-belt spending

August 24, 2021 at 7:16 p.m.

CHICAGO (Reuters) - Deere & Co reported higher-than-expected quarterly profit on Wednesday on strong sales of its tractors and harvesters in the Americas. But concerns that farm-belt spending and commodity...

Dealer data from Caterpillar suggests second-quarter results may be weak

August 24, 2021 at 6:37 p.m.

CHICAGO (Reuters) - Caterpillar Inc released unaudited dealer data on Tuesday showing a slowdown in sales of its heavy equipment everywhere except North America, a possible warning sign ahead of...

U.S. shale is a boon to manufacturers but not their workers

August 24, 2021 at 4:55 p.m.

YOUNGSTOWN, Ohio (Reuters) - This city has been down for so long, it's hard to believe what's risen up here in the heart of America's "Rust Belt." On an industrial...

China deal ends distraction, but not questions, for Caterpillar

August 24, 2021 at 2:55 p.m.

CHICAGO (Reuters) - Caterpillar Inc's deal to cut the purchase price of a Chinese mining-equipment maker it bought last year ends an embarrassing episode that overshadowed the company's effort to...

Analysis: Caterpillar cries “uncle” on mining; investors cry “buy”

August 24, 2021 at 1:22 p.m.

CHICAGO (Reuters) - An odd thing happened on Monday when Caterpillar Inc , the world's largest maker of earth-moving equipment, posted disappointing profits and cut its full-year forecast, blaming weakness...

In Chicago, thousands march to protest proposed school closings

August 24, 2021 at 6:38 a.m.

CHICAGO (Reuters) - Thousands of demonstrators rallied in downtown Chicago on Wednesday to protest the city's plan to close 54 public schools, primarily in Hispanic and African-American neighborhoods. The closings,...

Chicago announces mass closing of elementary schools

August 24, 2021 at 6:23 a.m.

CHICAGO (Reuters) - Chicago will close 54 schools and 61 school buildings by the beginning of the next academic year in the country's third-largest public school district, a move that...

All Stories