Industrials

CALGARY, Alberta (Reuters) - Caterpillar Inc is struggling to add skilled workers in its manufacturing operations despite high U.S. unemployment levels that have forced President Barack Obama to take extraordinary measures, the company's chief executive said on Friday.

(Adds CFO comments, share repurchase and EPS view)

Temple-Inland agreed to a sweetened $3.48 billion deal to be sold to larger rival International Paper.

By Chuck Mikolajczak

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The delay was because of General Electric Co engines not meeting performance guarantees, said Qatar Airways CEO Akbar Al Baker at an unrelated event at Boeing's plant in Everett, Washington, north of Seattle, rather than any issue with Boeing.

Improving sales led the drugstore operator to a smaller quarterly loss and the company said it expects a narrower loss for the full year.

By Susan Thomas and Christopher Jungstedt

LE BOURGET, France, June 19 (Reuters) - Boeing Co's 747-8 Intercontinental, the new elongated passenger version of its legendary jumbo jet, made its international debut on Sunday, under cloudy skies after a half-hour delay due to wind.

General Mills' board of directors declared a 9% annual dividend increase on Tuesday after the market closed.

Caterpillar Inc. (NYSE:CAT) announced today the election of David L. Calhoun and Dennis A. Muilenburg to its Board of Directors.

By Kyle Peterson

Shares of Alcoa surged as the aluminum producer announced a multiyear contract valued at about $1 billion to supply Airbus's new, lighter alloys for commercial aircraft.

International Paper said it offered to buy Temple-Inland for $30.60 a share in cash.

Graham Packing Company said it received an unsolicited proposal from a third party to to buy the plastic container supplier for roughly $1.64 billion in cash.

Shares of Owens-Illinois slumped after the company downgraded its second-quarter earnings view. 

By Martinne Geller

Wall Street cheered a softer-than-expected ruling from the Department of Justice in favor of for-profit education stocks. 

Goldman upgraded DryShips to "buy" from "neutral" on the stock's more appealing valuation.

By Mike Miller