Tag: Caterpillar stock

Construction Equipment

Federal agents raid Caterpillar HQ as part of investigation; stock tumbles

UPDATE 4:10 p.m: Cat has issued a brief press release regarding Thursday’s raid of its facilities by federal agents. This story has been updated to reflect this new information.   Three of Caterpillar’s Illinois facilities received surprise visits from federal agencies Thursday morning as law enforcement officials seized documents and electronic records apparently pertaining to an […]

March 2, 2017

Business

Not even Caterpillar can escape Donald Trump’s disses

In perhaps a prime example of just how far Donald Trump will reach to underscore his “Make America Great Again” slogan, the Republican presidential candidate has called out Caterpillar’s recent financial performance as evidence of how far the country has apparently fallen. “People are buying Komatsu tractors instead of Caterpillar tractors. I’m telling you, we’re in […]

August 19, 2015

Business

Caterpillar shares fall after analyst downgrades stock due to falling oil prices

While the falling price of oil has been delighting consumers at the pump across the U.S. for the last couple of months, the situation recently became decidedly less delightful for Caterpillar executives. Shares of the Peoria, Illinois-based heavy equipment maker dipped 5 percent at the market’s close Monday to $87.03 after JPMorgan downgraded its rating of the […]

January 6, 2015