Combustion scientist Herman Snyder, who relocated from Wisconsin, had worked at a Caterpillar subsidiary designing gas turbine engines.
You look at Sany at the moment: it's a very promising long-term competitor to Caterpillar.
Now comes news that Caterpillar has settled out of court with the former principals of Siwei.
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And capital goods also experienced a broad declined: Caterpillar fell 1.6%, as Deere lost 0.6%.
With a U.S. growth forecast of just 2.5% for 2011, Caterpillar doesn't have high expectations.
JPMorgan Chase, Caterpillar, and General Electric were the top losers among Dow components.
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The strip mining machines used in Alberta come from a Caterpillar plant in Decatur, he said.
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Caterpillar last week said its quarterly profit was off 45% on a significant slump in sales.
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Caterpillar (NYSE:CAT), Intel, and Federal Express (NYSE:FDX) have already warned of a profit shortfall.
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They already count with more than 100 tenants including firms like 3M and Caterpillar.
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More recently, Hewlett-Packard (NYSE:HPQ) and Cisco Systems (NASDQ: CSCO) followed the same path as Caterpillar.
Fortunately for Caterpillar, its leadership shook off its complacency and caught up with the competition.
Terex trades at five times trailing earnings, versus rival Manitowoc's seven and Caterpillar's ten.
But Caterpillar insists that the acquisition is well aligned with its growth strategy in China.
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Caterpillar (CAT) was the biggest percentage gainer on the Dow, after a positive earnings announcement.
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Caterpillar, a great heartland property, sells at 15 times forward earnings, comparable with Google.
"It's like a butterfly going back into the cocoon and becoming a caterpillar again, " he said.
Heavy-equipment manufacturer Caterpillar is eager to learn how to toughen up its bulldozers and tractors.
Currently, Caterpillar is continuing to expand in the country, particularly in the mining and quarry sectors.
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Larry Solomon ran the UAW local in Decatur, Illinois, when the Caterpillar VEBA was established.
Caterpillar called it our invisible paycheck, and no one ever believed it could be lost.
Few manufacturers have a bigger stake in the infrastructure business in emerging markets than Caterpillar.
Caterpillar also expects growth in emerging markets to continue its higher trend around 7%.
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"There are more than 100 Chinese companies looking to be the next Caterpillar, " he said.
Highlights: U.S. multinationals, like General Electric, Caterpillar, Microsoft and Wal-Mart, employ one-fifth of all American workers.
Its dominance in the construction and mining markets makes Caterpillar an indicator of global economic cycles.
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Caterpillar announced 9 new plants or expansion projects in the U.S. over the past 12 months.
It competes with such companies as AGCO, CNH Global NV, Caterpillar and Kubota.
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