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Stock Market & Financial Investment News

News Breaks
July 21, 2014
07:41 EDTCATWhistleblowers allege bogus repairs by Caterpillar unit, WSJ says
Caterpillar subsidiary Progress Rail Services is the subject of a previously reported criminal investigation by a federal prosecutor and current and former employees at the unit allege that railcar inspection workers face pressure to produce billable repair work and sometimes broke clients' cars on purpose or replaced parts that weren't broken, reported The Wall Street Journal. Note that in November 2013 Caterpillar disclosed in a regulatory filing that Progress had received a grand jury subpoena from the U.S. District Court for the Central District of California, though the Journal said that few details were available at that time. Reference Link
News For CAT From The Last 14 Days
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March 26, 2015
07:25 EDTCATThe Economist to hold a forum
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March 24, 2015
07:28 EDTCATCaterpillar CEO remains confident on China operations, Want China Times says
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March 23, 2015
06:15 EDTCATCaterpillar to eliminate 230 jobs at Joliet plant, WSJ reports
Caterpillar is planning to cut 230 jobs at its plant in Joliet, Illinois and move production of oil pumps and valves to one of its plants in Monterrey, Mexico, The Wall Street Journal reports. Caterpillar says production of struts and hoists cylinders will remain at the Joliet plant, which employs 770 workers. Reference Link
March 19, 2015
13:21 EDTCATCaterpillar heads for test of its 52-week low, levels to watch
Shares were last down over 1.5% to $80.01, off the low of the day at $79.56. At the low of the day, next support is at the 52-week low at $78.19. Resistance is at the high of the day at $80.50.
13:17 EDTCATCaterpillar end market conditions still negative, says Wells Fargo
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09:12 EDTCATCaterpillar reports retail machines sales down 11% in three months end February
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