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A collection of news and information related to Caterpillar Inc. published by this site and its partners.
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Chesapeake Bay Candle opens first U.S. plant in Glen Burnie
It's called Chesapeake Bay Candle. But for 17 years, all the products in the signature line of Annapolis-born and Rockville-based Pacific Trade International were made by cheaper labor in Asia.
On Tuesday, the brand celebrates a sort of homecoming: the...Tags: Contracts, San Francisco, Annapolis, Elections, Homes
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Caterpillar, Milwaukee union to resume negotiations
Tribune staff reporterCaterpillar Inc. and the United Steelworkers Local 1343 in Milwaukee are set to return to the negotiating table on Thursday, the Peoria-based company said in a statement. ?Negotiations had stalled on May 8. Production workers at the company’s...Tags: Employees, United Steelworkers, Health Insurance Cost
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Pay rises for area execs, mostly from awards
Winston-Salem Journal, N.C.Compensation rose, in some instances significantly, for eight of the top 10 compensated executives in the Triad during fiscal year 2012, primarily because of stock and option awards they qualified for last year. In fact, the awards represented the...Tags: Dwayne Johnson, Quarterly or Semiannual Financial Statements, Health and Safety at Work, CEO Pay, Stock Market
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Settlement resolves Caterpillar acquisition
Journal Star, Peoria, Ill.Caterpillar Inc. and Mining Machinery Ltd. have announced a settlement regarding the acquisition of a company involved in the Chinese mining industry that, earlier this year, Caterpillar admitted it had drastically overpaid for. In January,...Tags: Metal and Mineral, Mergers, Acquisitions and Takeovers, Mining, Companies and Corporations
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Cat to pay less for Chinese firm mired in accounting woes
ReutersCaterpillar Inc. has reached a deal with Mining Machinery Ltd., reducing the price it will pay to buy mining equipment firm ERA and its Siwei unit. As part of the deal announced on Thursday, Caterpillar's outstanding payment obligations to Mining...Tags: Metal and Mineral, Manufacturing and Engineering, Machine Manufacturing, China, Mining
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Nappier Joins Investor Pressure On Caterpillar Over Sudan Ties
State Treasurer Denise L. Nappier is ramping up her shareholder activism, joining critics of Caterpillar Inc. who are pushing the mining and construction equipment giant to exit Sudan. Using the power of the state's $26 billion retirement fund, Nappier...Tags: Hate Crimes, Civil Rights, Human Rights, Genocide, Sudan
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Mexican official pitches business in Chicago
Although news about Mexico is focused on immigration reform and border security, the country remains a leading trade partner for the U.S. and an increasingly important one for Illinois. During a visit to Chicago this week, the secretary for economic...Tags: Water, Lisle, Pat Quinn, Navistar International Corporation, Illinois Governor
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Caterpillar to lay off 300 employees by July
Earth-moving equipment maker Caterpillar Inc. said Friday will lay off an additional 300 employees in Decatur, Ill., by July. Peoria-based Caterpillar said in April that it planned to cut roughly 500 workers at that facility. Together, the 800 layoffs...
Tags: Employees, Metal and Mineral, Job Layoffs, Unemployment, China
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Union, GE wait on each other
Erie Times-News, Pa.More than a month has passed since GE Transportation announced its intent to eliminate 1,050 jobs at its Lawrence Park Township plant and to move much of that work to a new plant in Fort Worth, Texas. But after repeated negotiating sessions between...Tags: Collective Contract, Productivity, Wage Contract Issues, Unions
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Steelworkers union says contract talks with Caterpillar have stalled
Milwaukee Journal SentinelContract talks have stalled between Caterpillar Inc. and the United Steelworkers union at Caterpillar's plant in South Milwaukee, the union said Friday, as some workers worry they will be locked out of the plant and replaced by nonunion employees from...Tags: Metal and Mineral, Employees, Bucyrus International Inc., United Steelworkers, Mining
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BRIEF: Steelworkers union says contract talks with Caterpillar have stalled
Milwaukee Journal SentinelContract talks have broken down between Caterpillar Inc. and the United Steelworkers union at Caterpillar's plant in South Milwaukee, the union said Friday. Last week, Steelworkers Local 1343 rejected a proposed contract which, among other things, would...Tags: United Steelworkers, Unions
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Mining turnaround not likely soon, Caterpillar says
Herald & Review, Decatur, Ill.Hundreds of Caterpillar Inc. workers in Decatur facing looming layoffs would not have found much to comfort them Wednesday at the Wells Fargo Securities Industrial and Construction Conference in New York. Top Caterpillar management were among the...Tags: Conservation, Mining, Metal and Mineral, Job Layoffs, Unemployment
Jun 27, 2011
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