Musk's X, SpaceX latest companies to move HQ to Texas for more favorable business climate
Billionaire Elon Musk's announcement that SpaceX and X will move their headquarters from California to Texas come as companies move to the Lone Star State for a better business climate.
US manufacturing sector reaping benefits of reshoring
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.
House Republicans fear Biden’s executive order boosting labor unions will increase construction costs
Republicans are concerned Biden's executive order boosting labor unions may increase construction costs for federal projects
America’s factory boom drives sales surge for excavators, steel and trucks
A backlog of orders stemming from supply-chain bottlenecks during the pandemic and higher demand from new factories under construction have boosted manufacturing companies.
Caterpillar fined $145K after worker falls into pot of molten iron and is ‘immediately incinerated,’ OSHA says
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."
Caterpillar sales surge on strong construction equipment demand, increased dealer inventories
The construction machinery and equipment company reported an adjusted quarterly profit of $2.88 per share on revenue of $13.6 billion
Some Western companies decline to join corporate exodus from Russia over Ukraine invasion
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 drives Caterpillar sales
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.