CHARLESTON, S.C. (AP) - Caterpillar says it plans to close its Summerville remanufacturing plant next year, a move that will put 280 people out of work. Full story
Doug Oberhelman, Chairman & CEO of Caterpillar, explains why he is still confident despite earnings miss; and weighs in on what's pressuring growth opportunities in mining.
A Caterpillar excavator machine is seen at a work site in Detroit, Michigan January 25, 2013. REUTERS/ Rebecca Cook
Caterpillar excavator machines are seen at a factory in Gosselies February 28, 2013. REUTERS/Eric Vidal
Workers walk past Caterpillar excavator machines at a factory in Gosselies February 28, 2013. REUTERS/Eric Vidal
Douglas Oberhelman, chief executive officer of Caterpillar and marquee speaker is introduced before his speech during the Spruce Meadows Changing Fortunes Round Table on business in Calgary, Alberta, in this September 9, 2011, file photo. Caterpillar's shares gained nearly 1 percent to $81.21 in ear