Caterpillar To Cut 20,000 Jobs

By Melita Marie Garza Bloomberg News Service , Denver Post: Business
Mon, 01/26/2009 - 9:12am

Caterpillar Inc., the world's largest maker of bulldozers and excavators, said it's cutting 20,000 jobs and this year's profit and sales will trail analysts' estimates as the deepest recession in a quarter century saps demand.

NEXT
Topics:  caterpillar inc   cut   jobs   
BING NEWS:
  • Biden signs stopgap bipartisan measure to fund government, avert shutdown
    Johnson tried to placate Trump by bringing up a slimmed-down, 116-page version of the bill on Thursday. It included disaster relief, farm aid and the debt ceiling. Trump immediately backed it, calling ...
    12/21/2024 - 12:51 pm | View Link
  • The Fed Cut Rates and Signaled a Long Fight Against Inflation
    Jerome Powell, the Fed chair, said that the central bank cut rates after each of its last three meetings because inflation had significantly slowed, but that it was a “closer call” this time. He added ...
    12/18/2024 - 10:08 am | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Business News

  • The most powerful news photos of the year
    Business Insider, Monday - 12/23/2024 - 04:50 PM

    Butler, Pennsylvania. Anna Moneymaker/Getty ImagesGetty Images released its top 100 most powerful news photos of the year. Photos show key moments in the 2024 presidential election and conflicts in the Middle East. Photographers captured the aftermath of natural disasters and phenomena like the solar eclipse. Getty Images released a compilation of the most powerful news photos taken by their photographers in 2024.

    More | Talk | Read It Later | Share
  • A timeline of OpenAI's rocky 2024
    Business Insider, Monday - 12/23/2024 - 04:43 PM

    OpenAI lost executives, achieved a historic valuation, and started the transition to a for-profit company in 2024. Justin Sullivan/Getty ImagesOpenAI reached new funding and valuation heights in 2024. The ChatGPT maker also saw longtime employees depart and a legal fight with Elon Musk. Here are the biggest moments from OpenAI's roller-coaster year.

    More | Talk | Read It Later | Share
  • I visited a Canada Goose Cold Room where you can test its jackets in below-freezing temperatures, and now I understand why they
    Business Insider, Monday - 12/23/2024 - 04:17 PM

    When you buy through our links, Business Insider may earn an affiliate commission. Learn moreAmir Ismael/InsiderShopping for a winter coat can be incredibly hard because you won't know how it'll perform until you actually wear it in ideal outdoor conditions. And by then, it's likely too late to return it if it doesn't live up to expectations.

    More | Talk | Read It Later | Share
  • Blundstone makes some of the best Chelsea boots money can buy
    Business Insider, Monday - 12/23/2024 - 04:17 PM

    When you buy through our links, Business Insider may earn an affiliate commission. Learn moreAmir Ismael/Business InsiderFounded in 1870 in Tasmania, Australia, Blundstone is easily one of the most well-regarded footwear brands in the Southern Hemisphere. At its start, the brand was a boot supplier for Aussie troops in World Wars I and II, but it wasn't until 1969 that the brand introduced its most iconic silhouette, the 500 series Chelsea boot.

    More | Talk | Read It Later | Share
  • Unfair decisions by AI could make us indifferent to bad behaviour by humans
    The Next Web, Monday - 12/23/2024 - 10:18 AM

    Artificial intelligence (AI) makes important decisions that affect our everyday lives. These decisions are implemented by firms and institutions in the name of efficiency. They can help determine who gets into college, who lands a job, who receives medical treatment and who qualifies for government assistance. As AI takes on these roles, there is a growing risk of unfair decisions – or the perception of them by those people affected.

    More | Talk | Read It Later | Share
  • These will be the most in-demand programming languages in 2025
    The Next Web, Monday - 12/23/2024 - 09:38 AM

    Across Europe, skills shortages are emerging as a key challenge. The Council of the European Union says this is driven by demographic change, demand for new skillsets, and poor working conditions in some sectors. Adding to that, a recent report highlighted that around 42% of Europeans lack basic digital skills, including 37% of those in the workforce.

    More | Talk | Read It Later | Share