caterpillar

Caterpillar Earnings Jump in 2Q; Company Raises Outlook for Year

Caterpillar Inc (CAT) reported second quarter earnings per share of $1.09, up from 60 cents per share in the second quarter of 2009. Second quarter profit was $707 million, a 91% increase from a year ago. Sales and revenues increased 31% to 10.409 billion, from $7.975 billion in the year-ago quarter.

Manufacturing Can Give America a Needed Boost

After decades of languishing while financial services flourished, American manufacturing is experiencing a stronger rebound than most had anticipated. An 11% sales gain in May makes Caterpillar one of the bright spots amid the malaise -- but not the only one.

Caterpillar Rides the Rails with $820 Million Deal

Heavy-equipment maker Caterpillar has agreed to purchase Electro-Motive Diesel, a manufacturer of diesel-electric locomotives, for $820 million in a bid to increase its presence in the railroad industry.

Caterpillar disappoints badly

Caterpillar Inc. (CAT) today reported its first quarterly loss in 16 years. The heavy equipment manufacturer said the worst economic crisis since the...