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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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September 16, 2014
07:26 EDTCATUltima Media to hold a conference
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September 12, 2014
09:31 EDTCATCaterpillar view lowered to Mixed from Positive at OTR Global
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September 10, 2014
10:00 EDTCATOn The Fly: Analyst Downgrade Summary
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09:14 EDTCATUpdate: Caterpillar downgraded at BofA/Merrill
As previously reported, BofA/Merrill downgraded Caterpillar to Neutral from Buy. The firm downgraded shares to reflect a slowdown in growth outside the U.S., a stronger U.S. dollar, easing ECB monetary policy, slowing Chinese import growth, and recessionary pressures in Brazil. Price target lowered to $121 from $125.
09:04 EDTCATCaterpillar downgraded to Neutral from Buy at BofA/Merrill
07:49 EDTCATLongbow to hold a conference
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September 4, 2014
13:59 EDTCATProgress Rail loses railcar improvement deals, WSJ says
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