Peoria Newswire

Peoria Newswire

Comprehensive Real-Time News Feed for Peoria, IL.

Results 1 - 7 of 7 for "u:reuters.com" in Peoria, IL

  1. Caterpillar global dealer machinery monthly sales slip yet againRead the original story w/Photo

    Feb 28, 2013 | Reuters

    The report marks 42 consecutive months of declining sales for Caterpillar. However, Eli Lustgarten, an analyst at Longbow Research, said the pace of decline for the Peoria, Illinois-based manufacturer appears to be decelerating, a possible sign of stabilization.

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  2. Caterpillar ready to move into Cuban market once embargo lifted: CEORead the original story w/Photo

    May 11, 2016 | Reuters

    Caterpillar Inc, the world's largest maker of heavy equipment, is ready to move swiftly into the Cuban market once the U.S. trade embargo is lifted, Chief Executive Doug Oberhelman said on Wednesday after meeting with Cuban ministers in Havana. The detente between the United States and Cuba has raised hopes that full commercial ties will soon be restored between the former Cold War foes.

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  3. UPDATE 5-Caterpillar cuts 2016 profit outlook, sees China improvementRead the original story w/Photo

    Feb 28, 2013 | Reuters

    Caterpillar Inc, the world's largest maker of heavy machinery, on Friday lowered its 2016 sales and earnings outlook as steep declines in revenue from its construction, oil and gas and rail business segments hurt quarterly profit. Caterpillar, which has seen demand for equipment used in the energy and mining industries hit hard by a drop in commodity prices, experienced lower sales in the first quarter across all regions.

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  4. Caterpillar's global woes ripple out through supplier baseRead the original story

    Sep 25, 2015 | Reuters

    Caterpillar Inc's suppliers were feeling the pain of slumping sales at the world's largest mining and construction equipment maker long before it announced an extensive cost-cutting program. J-TEC Chief Executive Officer Gary Roling said Peoria, Illinois-based Caterpillar, his single largest customer, had recently pushed back a big order due this month to December.

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  5. Caterpillar slashes revenue forecast, may cut up to 10,000 jobsRead the original story w/Photo

    Sep 24, 2015 | Reuters

    Caterpillar Inc slashed its 2015 revenue forecast and said it could cut up to 10,000 jobs through 2018, on Thursday joining a list of big U.S. industrial companies grappling with the shock waves from the mining and energy downturn. The stock fell as much as 8 percent to a five-year low and also pulled down shares of other industrial companies and knocked about 30 points off the Dow Jones industrial average.

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  6. Caterpillar Inc plans to cut 475 more jobs amid revenue declineRead the original story w/Photo

    Aug 27, 2015 | Reuters

    Caterpillar construction machines sit parked at the Patten Cat dealership in Hammond, Indiana, in this October 20, 2006 file photo. ) said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line.

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  7. Caterpillar Inc plans to cut 475 more jobs amid revenue declineRead the original story

    Aug 27, 2015 | Reuters

    Aug 27 Heavy machinery manufacturer Caterpillar Inc said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line. The Peoria, Illinois-based company said it notified workers earlier this week it will reduce staff in its customer services support division by cutting 475 jobs.

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