Another weak year for commodity prices took its toll on Caterpillar. Sales declined by $8.47 billion, or 18%, from 2015 on the back of weak demand for oil and gas drilling equipment. That’s enough to send it 70 places lower on the Global 500 list. But investors are sticking with the company: Caterpillar’s stock price is up 15% year-to-date and the market seems bullish that the company could benefit from President Donald Trump’s proposals for infrastructure spending–that is, if they clear Congress.
Looking for leads, investment insights, or competitive intelligence?
News about Caterpillar
The deals could be valued as much as $250 billion, though many are non-binding. Here's the list.
3D Robotic's construction software for drones now works with DJI drones.
It's a good day for the world's largest construction and mining equipment maker.
Beware the law of unintended consequences.