Caterpillar Inc (CAT) Key Developments | Reuters.com
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Caterpillar Inc (CAT)

CAT on New York Consolidated

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Latest Key Developments (Source: Significant Developments)

Caterpillar Inc announces new analytics & innovation division
Friday, 10 Apr 2015 11:00am EDT 

Caterpillar Inc:Saysformation of a new division, Analytics & Innovation, which will be led by Caterpillar Vice President Greg Folley.  Full Article

Caterpillar Inc maintains dividend rate
Wednesday, 8 Apr 2015 01:00pm EDT 

Caterpillar Inc:Voted to maintain the quarterly cash dividend of $0.70 per share of common stock, payable May 20, 2015.Paid to stockholders of record at the close of business on April 20, 2015.  Full Article

Caterpillar Inc says US is investigating its movement of cash - AP
Tuesday, 17 Feb 2015 07:00pm EST 

Caterpillar Inc:The U.S. government is investigating how Caterpillar has been moving cash between its business units in the U.S. and overseas - The Associated Press.It received a grand jury subpoena from the U.S. District Court for the Central District of Illinois on Jan. 8 that asked for financial information related to undistributed profits of non-U.S. subsidiaries and cash movements.The company disclosed the investigation in a filing with the U.S. Securities and Exchange Commission.Separately, the SEC told Caterpillar in September that it was conducting an 'informal investigation' of the company’s affiliate in Switzerland called Caterpillar SARL.There has previously been criticism of Caterpillar’s tax strategy related to Caterpillar SARL.Last year, a congressional report said that the Peoria, the company avoided paying $2.4 billion in U.S. taxes since 2000 by shifting profits overseas.It said Caterpillar was using the Swiss affiliate to transfer the rights to profits from its parts business in order to avoid taxes.  Full Article

Caterpillar Inc. gives FY 2015 sales and revenues guidance below analyst's estimates
Tuesday, 27 Jan 2015 07:30am EST 

Caterpillar Inc:Expects FY 2015 sales and revenues to be about $50 bln.Expects FY 2015 Profit of about $4.60 per share, or $4.75 per share excluding restructuring costs.FY 2015 revenue of $55 billion - Thomson Reuters I/B/E/S.  Full Article

Caterpillar Inc. maintains dividend rate
Wednesday, 10 Dec 2014 10:39am EST 

Caterpillar Inc:Voted to maintain the quarterly cash dividend of seventy cents ($0.70) per share of common stock.Payable Feb. 20, 2015, to stockholders of record on Jan. 20, 2015.  Full Article

Caterpillar Inc reaffirms FY 2014 revenue guidance - Conference Call
Wednesday, 12 Nov 2014 10:00am EST 

Caterpillar Inc:Says outlook for FY 2014, again, pretty flat with last year at about $55 billion in sales and revenues.FY 2014 revenue of $55 billion - Thomson Reuters I/B/E/S.  Full Article

Caterpillar Inc sees FY 2014 revenue outlook at mid point of prior range; raises FY 2014 profit outlook ; gives FY 2015 revenue outlook
Thursday, 23 Oct 2014 07:35am EDT 

Caterpillar Inc:Expects FY 2014 sales and revenues to be about $55 bln, the middle of the previous outlook range of $54 to $56 bln.Revised FY 2014 profit outlook is $6.00 per share, or $6.50 per share excluding $450 mln of restructuring costs.Says that is an improvement from the previous profit outlook of $5.75 per share, or $6.20 per share excluding $400 mln of restructuring costs at the mid-point of the previous sales and revenues outlook range of $54 to $56 bln.Expects FY 2015 sales and revenues to be flat to slightly up from FY 2014.FY 2014 revenue of $55 bln - Thomson Reuters I/B/E/S.FY 2015 revenue of $57 bln - Thomson Reuters I/B/E/S.  Full Article

Caterpillar announces executive officer retirements and appointments
Friday, 10 Oct 2014 04:00pm EDT 

Caterpillar Inc:Says Group Presidents Stu Levenick and Steve Wunning have elected to retire effective in early 2015.Appoints current Group President Ed Rapp as Wunning's replacement and Tom Pellette as Rapp's replacement and Rob Charter to replace Levenick.  Full Article

Caterpillar Inc maintains dividend rate
Wednesday, 8 Oct 2014 11:29am EDT 

Caterpillar Inc:Maintains the quarterly cash dividend of $0.70 per share of common stock.Payable Nov. 20, to stockholders of record at the close of business on Oct. 20.  Full Article

Caterpillar announces $2.5 billion accelerated stock repurchase
Tuesday, 29 Jul 2014 09:00am EDT 

Caterpillar Inc:Says entered into definitive agreements with Société Générale to purchase $2.5 bln common stock.Repurchasing an additional $2.5 bln will bring total 2014 stock repurchases to $4.2 bln.Agreed to repurchase a total of $2.5 bln from Société Générale with an immediate delivery of about 22 million shares.  Full Article

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Brexit adds headwinds to U.S. companies slowing spending

WASHINGTON/NEW YORK U.S. business investment, already heading for its worst slowdown since the global financial crisis, could decline further as Britain's vote to leave the European Union creates more risks for companies, economists say.