Caterpillar crushes earnings and raises its outlook (CAT)

Reuters/China Stringer Network Caterpillar reported earnings that topped expectations. The company raised its full-year adjusted earnings outlook, citing strong global demand. (Reuters) – Caterpillar Inc on Monday posted higher quarterly profit that beat market expectations and upgraded the full-year profit outlook, citing robust global demand for its equipment. The Deerfield, Illinois-based company reported an adjusted profit of […]

Schwarzenegger’s head on caterpillar tracks drags down UK lender

Shares in British lender CYBG dropped 7 percent after the bank pledged to increase provisions by $ 498 million for repaying customers mis-sold payment protection insurance (PPI). According to CYBG, a mid-sized bank that owns Clydesdale Bank, Yorkshire Bank and the app-based bank B in the UK, an awareness campaign launched by British financial regulatory […]

Caterpillar beats on earnings and raises 2017 forecast as demand soars (CAT)

Wikimedia Commons Caterpillar Inc, the world’s biggest construction and mining equipment maker, reported a 25 percent jump in quarterly revenue on Tuesday, driven by soaring demand for its construction equipment. The company also raised its 2017 revenue forecast for a third time this year. Profit attributable to common stockholders rose to $ 1.06 billion, or $ […]

A horrifying mouth (that’s actually a caterpillar leg) and more 2017 microscopy

Each year, Nikon provides a reminder that the world around us is stunning in its beauty, and we don’t have to travel anywhere to see it. Instead, we simply have to magnify what’s around us in the first place (and maybe hit it with a bit of UV light so it fluoresces). Everything from a […]

Wall Street doesn’t know what to make of Caterpillar stock

Caterpillar / YouTube Pity Wall Street. They just don’t know what to make of Caterpillar stock. Just over two weeks ago, StreetInsider.com reported that Caterpillar stunned the Street with an earnings beat, reporting twice as much profit as analysts had predicted. That sounds like good news, but up on Wall Street it’s sparked a bit of […]

Federal agents raid Illinois offices of machinery maker Caterpillar

Published time: 2 Mar, 2017 20:50 Federal law enforcement agents have searched the offices of heavy machinery manufacturer Caterpillar in Peoria, East Peoria and Morton, Illinois. The company said it was cooperating with the authorities. The Internal Revenue Service’s criminal investigation division, the Department of Commerce’s office of export enforcement and the Federal Deposit Insurance […]