News: Caterpillar Inc (CAT)

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23 May 2013
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Mon, May 20 2013

Caterpillar, Milwaukee workers union to resume contract talks

CHICAGO, May 20 - Caterpillar Inc said late on Monday that it would resume contract talks with the union representing about 800 Milwaukee workers who make specialized mining machinery.

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Caterpillar machinery sales down 9 pct in April, led by Asia

CHICAGO, May 20 - Caterpillar Inc said on Monday that retail demand for its construction and mining equipment continued to be sluggish in April, though the sales picture appeared to be improving in almost every market outside North America.

China deal ends distraction, but not questions, for Caterpillar

CHICAGO - 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 expand in China and distracted its executives for months.

Caterpillar says settles Siwei deal with cut in purchase price

- Caterpillar Inc and China-based Mining Machinery Ltd said on Thursday they have settled outstanding issues related to Caterpillar's acquisition of mining equipment firm ERA and its Siwei unit through a reduction in the purchase price.

UPDATE 1-Caterpillar settles soured China deal with cut in purchase price

May 17 - Caterpillar Inc has reached a deal to cut $135 million from the price owed for a Chinese mining equipment maker, after accounting irregularities were discovered at the acquired company that forced Caterpillar to take a $580 million impairment charge.

Caterpillar says settles Siwei deal with cut in purchase price

May 16 - Caterpillar Inc and China-based Mining Machinery Ltd said on Thursday they have settled outstanding issues related to Caterpillar's acquisition of mining equipment firm ERA and its Siwei unit through a reduction in the purchase price.

Talks suspended between Caterpillar, Milwaukee workers' union

- Caterpillar Inc said Thursday that a bid by the United Steelworkers Union to re-open contract talks on behalf of workers in Milwaukee who make mining machinery had not resulted in a breakthrough and that no new meetings between the two sides were scheduled.

Shares of Caterpillar look 'cheap': Barron's

- Shares of the world's largest construction and mining equipment maker Caterpillar Inc look poised to rise as the economic recovery picks up, financial newspaper Barron's said on Sunday.

Analysis: Caterpillar cries "uncle" on mining; investors cry "buy"

CHICAGO - 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 the mining industry it bet on so heavily in recent years.

PRESS DIGEST - Financial Times - April 23

April 22 - Headlines Bumi shares halted amid payments concern () Bribery probe lifts Walmart directors' pay ()

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