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Belgium's government is considering legal action against Caterpillar over the U.S. heavy equipment maker's decision to close a manufacturing site and lay off more than 2,000 workers. In a surprise announcement last week, Caterpillar said it would shift production to Grenoble, France, and other facilities outside Europe. Comment?
In this Oct. 12, 2006, file photo, an alligator snapping turtle is shown in Peoria, Ill. The U.S. government will decide over the next several years if federal protections are needed for the alligator snapping turtle, Northern Rockies fisher and seven other species. Comment?
The Peoria, Illinois-based company said it had profit of 93 cents per share. Earnings, adjusted for restructuring costs, came to $1.09 per share. Comment?
Journal Star Political Reporter Chris Kaergard has his beard by Erin Clark, a social worker with Lutheran Social Services of Illinois at Menzoil Men's Grooming Station & Barbershop in East Peoria, Ill., on Saturday, July 9, 2016. Satisfied by the stopgap budget reached through compromise and bipartisanship in the capital, Kaergard decided to draw an end to the budget beard after 13 months and nearly 10 inches of facial hair. Comment?
Caterpillar's first-quarter adjusted profit met Wall Street's view, even as sales declined across various categories while it continues to deal with soft product demand. The mining and construction equipment company lowered its full-year profit forecast. Comment?
Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs in Illinois and several other states, as part of a broader cost-cutting campaign announced last year. The mining and construction equipment company will cut about 230 jobs for office and production workers at a major manufacturing campus in East Peoria, Illinois, where Caterpillar says it's consolidating some manufacturing and transferring some work to outside contractors. Comment?
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