Tag Archives: Caterpillar

Another Round? No Thanks

Leroy-Somer layoffs in Tennessee Another round? No, thank you, I’ve had enough. In a working-class Utopia, corporate structure would resemble a bartender-patron relationship. In reality, employees don’t get a choice. Here’s the latest chapter in a series of unfortunate layoffs in America: from a Leroy-Somer plant in Lexington, Tennessee. 63 employees in Lexington are expected to […]

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Crumbling Pillars

Government report in NYT calls tax fraud ‘deliberate’ A week after federal law enforcement raided its Peoria, Ill., headquarters, the scope of Caterpillar’s alleged fraudulent tax practices is becoming clearer. A Dartmouth professor commissioned by a yet-to-be specified government organization to investigate the company’s actions labeled them ‘deliberate’, saying it intentionally manipulated its bookkeeping and accounting records to keep a […]

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Breaking – Feds search Caterpillar

Stock sinks, questions bubble up Federal law enforcement officers entered three Peoria Caterpillar facilities this morning and executed a search warrant, according to multiple news reports. The activity was confirmed by a statement from the company, which did not identify the search’s purpose or the name of the agency conducting it. According to an article by Chris Kaergard, political […]

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‘Pillars’ of a Rebuild

Caterpillar moving HQ to Chicago area Caterpillar’s saga continues with a headquarters relocation, the company announced Tuesday, as it plans to move its home base and current weight of burdens to the City of Big Shoulders. An exact site is yet undetermined. While the construction company has incentives aplenty for relocating by the lake—drawing from a […]

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No Butterfly Zone

Caterpillar lays off workers, maintains dividend A long, bleak march of downsizing began last fall for Caterpillar, Inc., and this month it swept through the midsize city of Peoria, Illinois. An undisclosed number of Caterpillar employees at the company’s Peoria plant received layoff notices the second week of December as part of a workforce reduction […]

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Caterpillar update: Still crawling

EA highlights 4 points of impact from expected downsizing It has not been a good week for Caterpillar, Inc. The brand has suffered a number of unprecedented- if expected- difficulties that now accompany the impending layoffs it announced last week, and the industry waits with bated breath, wary that any of them could provide the […]

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Caterpillar is releasing new “tough phone”

In the October 2013 issue of Electrical Apparatus I wrote about protective equipment in the field like “tough books” and covers for tablets and testing instruments. Now we can add tough smartphones to the list. Caterpillar, the Peoria, Ill. based manufacturer of construction and mining equipment, has released the B15 smartphone. This isn’t like any ordinary cellphone […]

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Caterpillar reports record sales and profits for the fourth quarter and full-year of 2011

Caterpillar, Inc., the Peoria, Ill.-based manufacturer of construction and mining-equipment, delivered record-breaking 2011 sales and revenues of $60.138 billion, an increase of 41% from $42.588 billion in 2010. Profit in 2011 was $4,928 billion, an increase of 83% from $2.700 billion in 2010. Profit per share of $7.40 was up 78% from $4.15 in 2010. […]

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