Peoria Newswire

Peoria Newswire

Comprehensive Real-Time News Feed for Peoria, IL.

Results 1 - 16 of 16 for "u:bloomberg.com" in Peoria, IL

  1. Caterpillar Seeks New CFO With Halverson to Retire Next YearRead the original story w/Photo

    Aug 1, 2017 | Bloomberg

    He'll will stay with the company to "help ensure a smooth transition for the CFO position," Peoria, Illinois-based Caterpillar said. probe into its offshore dealings.

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  2. Trump Steel Curbs Could Hobble U.S. Users, Caterpillar CFO SaysRead the original story

    Jul 25, 2017 | The Washington Post

    Caterpillar Inc., whose products were featured at the White House's "Made in America Product Showcase" last week, is flagging caution on the Trump administration's efforts to curb steel imports. Caterpillar Chief Financial Officer Brad Halverson said the company is concerned any action on steel imports could put U.S. manufacturers at a competitive disadvantage, as domestic steel prices could see a "significant" increase.

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  3. Parts Helping Make Caterpillar Whole as Recovery Gains SteamRead the original story

    Jul 25, 2017 | The Washington Post

    Small parts are giving a big boost to Caterpillar Inc.'s efforts to shake a four-year slump in sales of its giant yellow machines. Shares surged to a five-year high Tuesday after the heavy-equipment maker boosted its 2017 sales and earnings outlook.

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  4. Caterpillar Halts Four-Year Sales Slump With Asia-Driven ReboundRead the original story

    Apr 24, 2017 | The Washington Post

    Caterpillar Inc., the biggest maker of construction and mining equipment, reported its first increase in rolling retail machine sales since 2012, led by gains in the Asia-Pacific region. Machine sales reported by dealers rose 1 percent in the three months through March from a year earlier, compared with a 1 percent drop in the quarter through February, the company said Monday in a filing.

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  5. Caterpillar Sued by Investor After Corporate Offices RaidedRead the original story w/Photo

    Mar 3, 2017 | Bloomberg

    Caterpillar Inc. was sued by a shareholder for alleged deception a day after federal officials raided its corporate headquarters in Peoria, Illinois, seeking evidence as part of a criminal probe. The company is accused in the investor suit of making false and misleading statements and failing to disclose that it used its foreign subsidiaries to avoid paying billions of dollars in U.S. taxes. Plaintiff Jacob Newman seeks class-action status and unspecified damages for "significant losses," according to the complaint filed Friday in federal court in Chicago.

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  6. Caterpillar Goes From White House Kudos to Multi-Agency RaidRead the original story

    Mar 2, 2017 | The Washington Post

    One week ago, Caterpillar Inc. was being praised by President Donald Trump for producing great bulldozers. "I love Caterpillar," Trump told company Chairman Doug Oberhelman at a meeting of manufacturing heads at the White House.

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  7. Federal Agents Search Caterpillar OfficesRead the original story w/Photo

    Mar 2, 2017 | Bloomberg

    Bloomberg's Julie Hyman reports on the search by federal officials of three Caterpillar facilities in the Peoria, Illinois, area, including corporate headquarters. She speaks on "Bloomberg Markets."

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  8. Trump Love Can't Save Caterpillar or U.S. Steel From SlumpRead the original story

    Feb 23, 2017 | The Washington Post

    Doting words from President Donald Trump about Caterpillar Inc.'s bulldozers and U.S. Steel Corp.'s pipeline prospects couldn't save the two companies from a slump in material stocks Thursday. Shares of the Peoria, Illinois-based machinery maker posted the biggest decline in five months while the Pittsburgh-based steelmaker lost as much as 10 percent and ended down 7.9 percent.

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  9. Trump Love Can't Save Caterpillar or U.S. Steel From Stock SlumpRead the original story

    Feb 23, 2017 | The Washington Post

    Doting words from President Donald Trump about Caterpillar Inc.'s bulldozers and U.S. Steel Corp.'s pipeline prospects couldn't halt a downward trend in the two companies Thursday as material stocks tumbled. Shares of the Peoria, Illinois-based machinery maker headed for the biggest decline in five months while the Pittsburgh-based steelmaker lost as much as 10 percent.

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  10. When Hardly Anybody Works at Corporate HQRead the original story w/Photo

    Feb 1, 2017 | Bloomberg

    One of the most commented- upon business  trends of last year -- you remember, back when people sometimes still talked about things other than Donald Trump -- was the migration of corporate headquarters in the U.S. from suburbs and smaller cities to big-city downtowns. With Caterpillar Inc.'s announcement Tuesday that its top executives will be moving from Peoria, Illinois, to Chicago, that trend appears to be continuing .

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  11. Neil Gorsuch and the Supreme Court: What You Need to KnowRead the original story w/Photo

    Feb 1, 2017 | Bloomberg

    Not many people were surprised when Donald Trump nominated federal judge Neil Gorsuch to the Supreme Court last night; in fact, Noah Feldman predicted it  several months ago. The real question is: Will Democrats, still smarting from Republicans' refusal to hold hearings on Obama nominee Merrick Garland, play ball? Let's hope the answer's yes.

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  12. Caterpillar Sees Drag From Used Equipment as Miners Bounce BackRead the original story

    Jan 26, 2017 | The Washington Post

    Ample used construction-equipment supplies and restrained spending from miners mean the commodities rebound won't be giving much of a lift to beleaguered Caterpillar Inc., which forecast 2017 results that trailed analysts' estimates. The shares fell.

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  13. Caterpillar Forecasts Fall Short as Demand Slump PersistsRead the original story

    Jan 26, 2017 | The Washington Post

    Caterpillar Inc. forecast 2017 revenue and earnings that trailed analysts' estimates as signs of a recovery in mining and energy have yet to translate into a rebound in demand for the company's signature yellow machines. Revenue will be in a range of $36 billion to $39 billion, with a midpoint of $37.5 billion, the Peoria, Illinois-based company said in a statement Thursday.

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  14. Caterpillar Revenue Forecast Trails Estimates on Demand OutlookRead the original story

    Jan 26, 2017 | The Washington Post

    Caterpillar Inc. forecast 2017 revenue and earnings that trailed analysts' estimates amid a continued slump in demand from energy and mining companies. Revenue will be in a range of $36 billion to $39 billion, with a midpoint of $37.5 billion, the Peoria, Illinois-based company said in a statement Thursday.

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  15. Video-Game Tech Digging Real Dirt for Caterpillar, KomatsuRead the original story

    Jan 11, 2017 | The Washington Post

    In Chicago, not far from Lake Michigan, the driver of a Caterpillar Inc. bulldozer looked left, right and forward to maneuver the 230,000-pound machine through a desert obstacle course of sand mounds and old tires. But for all his effort, he didn't go anywhere.

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  16. Caterpillar Will Consider Retaining Jobs in U.S. Under TrumpRead the original story

    Dec 7, 2016 | The Washington Post

    Under a Donald Trump government, Caterpillar Inc. will consider keeping jobs in the U.S. that may have otherwise been shifted abroad, Chief Executive Officer Doug Oberhelman said. Tax changes and other policies proposed by President-elect Trump would help generate more jobs and it's "reasonable" to think the economy can grow 3 percent, Oberhelman said in an interview with CNBC Wednesday.

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