Dec 5, 2023, 11:33 AM EDT
The U.S. manufacturing sector is benefitting from firms reshoring their operations from overseas back to the U.S. as they try to mitigate vulnerabilities in their supply chains.
Republicans are concerned Biden's executive order boosting labor unions may increase construction costs for federal projects
A backlog of orders stemming from supply-chain bottlenecks during the pandemic and higher demand from new factories under construction have boosted manufacturing companies.
Occupational Safety and Health Administration is fining Caterpillar Inc. after one of its workers fell into a pot of molten iron and was "immediately incinerated."
The construction machinery and equipment company reported an adjusted quarterly profit of $2.88 per share on revenue of $13.6 billion
The corporate exodus from Russia continued Tuesday as McDonald's, Coca-Cola, Starbucks, and Pepsi announced that they are temporarily suspending business in Russia over Putin's invasion of Ukraine.
Construction demand drove third quarter sales higher at Caterpillar as did rising demand from miners and other heavy industry as the global economy emerges from the pandemic.