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"We believe it's in the best strategic interest of the company to make this move, which supports Caterpillar's strategy for profitable growth as we help our customers build a better, more sustainable world."
The company has already withdrawn all financial guidance and said Tuesday that it expects that the outbreak will skew its performance throughout the year.
The manufacturing sector was rocked last year by slower global growth and the escalation of trade tensions between the United States and China.
Sales of new construction equipment in North America jumped 13% in the first quarter, primarily driven by road construction projects, Caterpillar said.
The company said it might be "transitioning" its rail manufacturing in La Grange, Illinois, to facilities in Winston-Salem, North Carolina, as well as "outside suppliers."
The north suburb is the winner among communities that sought Big Yellow.
Big Yellow is moving the factory's lines to two other facilities by the end of 2018.
Federal law enforcement officials on Thursday executed search warrants at three Caterpillar locations, including the corporate headquarters in Peoria.
The construction machinery and equipment company announced plans to relocate its top executives. It hasn't indicated whether its moving to Chicago or to the suburbs.
After nearly a century in central Illinois, Caterpillar Inc. has abandoned plans to build a new headquarters complex in Peoria, and has announced it is moving its corporate offices to Chicago.
Heavy equipment maker Caterpillar could move machine production out of a west suburban plant to other manufacturing plants at a cost of 800 local jobs, the company announced Wednesday.
Doug Oberhelman, 63, will leave Peoria-based Caterpillar at the end of March. He has been CEO since 2010 and has been with the company for more than 41 years.
Caterpillar is planning another round of job cuts that could exceed 10,000 people through 2018, as the construction and mining equipment maker adjusts to downturns in key markets that it serves.
Two Illinois companies were targeted by a brazen insider trading ring. Federal authorities broke up a ring that used hackers to steal corporate press announcement from Chicago-based Boeing, Peoria-based Caterpillar, and several other companies, and then profit from that information before it became public.
Chief Executive Doug Oberhelman told a crowd of about 200 people Friday that after two years of study, the $55 billion global construction equipment maker will modernize its riverfront complex to include a three-tower building.
Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the Peoria-based manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.
Peoria-based Caterpillar Inc. has reportedly reached a tentative agreement with machinists at its Joliet plant, who have been on strike for more than three months.
Union workers have walked off the job at the Caterpillar plant in Joliet, after rejecting the company's latest contract offer.
Gov. Pat Quinn is reacting to last week's announcement by Caterpillar that Illinois is out of the running as the location for a new plant that would create 1,400 jobs.
Heavy equipment maker Caterpillar Inc. has agreed to sell off a distribution and support business to a Canadian company for $465 million.
A group that promotes downstate business says Caterpillar's investment in building more machines in East Peoria and Decatur will pay over and over again.
Following a meeting with Gov. Pat Quinn, the chief executive officer of Caterpillar says the company is staying in Illinois.
Was it a false alarm? Peoria-based Caterpillar now says it has no plans to leave Illinois.
A company in Blue Island is shipping off part of its operations -- and 250 jobs -- to Indiana as Big Yellow complains to Gov. Pat Quinn about an anti-business climate here.
The chief executive of Caterpillar says other states are trying to lure the heavy equipment maker out of Illinois.
Bellinger hit 26 home runs for the Cubs in 2023. Much like the rest of the lineup, his production dipped last year.
Himon scored twice on just nine touches, breaking a 3-3 tie late in the first quarter with a nifty 51-yard TD run before capping the win.
Police said the man was pronounced dead at the scene.
Police said the shooting appeared to be isolated.
It was the fourth consecutive win for Minnesota (6-3, 4-2 Big Ten).
Some of the lines have stretched out the doors of the polling places and around streetcorners.
The former board president resigned on Thursday over social media posts that were deemed antisemitic, misogynistic, and conspiratorial.
In one comment, Feigenholtz called someone a "truth-sayer" after he criticized Westerners who praise Islam and claimed that Muslims treat women like cattle.
Former President Donald Trump went after former GOP Rep. Liz Cheney of Wyoming during a campaign event with conservative personality Tucker Carlson.
Sheriff Tom Dart said this implementation of law enforcement makes his deputies proactive instead of reactive.
For the first time since 1938, children in Des Moines, Iowa, will go trick-or-treating on Halloween. The city began its unusual custom of opting for Beggar's Night decades ago in hopes of tamping down on hooliganism.
According to the Citizens Utility Board, it will cost another $12.8 billion to complete the project--$5 billion more than previous estimates.
Dozens more lawsuits are expected.
This is part of a massive recall that includes nearly 12 million pounds of ready-to-eat meat and chicken.
The study said the unique difficulty finding a place in suburban Chicago was the result of a number of factors, including the growth of hip suburbs, big businesses relocating to the area, and high occupancy rates and slow construction.
Three patients at the University of Chicago Medicine are in the trial for the treatment.
Some pathogens that contaminate food are even showing up in the U.S. for the first time thanks to climate change.
McDonald's says Quarter Pounders will be back on the menu at hundreds of its restaurants after testing ruled out beef patties as the source of an E. coli outbreak.
Work in the labs at the IFSH in southwest suburban Bedford Park is centered around learning more about why some food products make people sick.
Dozens more lawsuits are expected.
The South Side warehouse has more than 200 employees, according to the union that represents 75 members.
Dozens more lawsuits are expected.
Experts raised concerns about people in already underserved communities losing easy access to drug stores.
The Indiana Court of Appeals has reinstated a lawsuit filed by the state accusing TikTok of deceiving its users about the video-sharing platform's level of inappropriate content for children and the security of its consumers' personal information.
Magnicity is still mum on what exactly it has in mind for the space, though 360 CHICAGO earlier said a restaurant will not be back.
In addition to talking about his work, Bennett will be presenting the award for Best Music Video at the festival.
During six undistinguished seasons in the major leagues, Bob Uecker never played an inning for the Milwaukee Brewers. But during his more than half-century as the team's play-by-play announcer, he has become a mascot for the game.
The lead singer-songwriter for the superstar band Fleetwood Mac who became a superstar solo artist talks about her latest song, "The Lighthouse," that was inspired by her own experience with abortion, and a strong desire to "do something."
Beyoncé, Kelly Rowland, Willie Nelson and Jessica Alba are the latest big-name celebrities to join Vice President Kamala Harris on the campaign trail.
Joe Rogan interviewed former President Donald Trump at his studio Friday. Here's what to know about the show.
These final moments are all about the battlegrounds. In 2020, key states were decided with just a few thousand votes and the campaigns know that could happen again Tuesday. What counts now is turnout.
CBS News Executive Director of Elections and Surveys Anthony Salvanto says the polls are the first indication of how a race is unfolding, followed by county votes.
The country's prime minister called it a "Black Friday" for all of Serbia and the town of Novi Sad.
The thieves used explosives to steal and damage art made by Warhol in the Netherlands. the owner of the gallery near the border with Belgium called the thieves "amateurs.”
Around 20 firefighting trucks were used to contain the blaze, authorities said.
The man city records document as the owner of the alley declined several requests for an interview, but could be seen repeatedly driving a forklift through CBS News Chicago's shot.
Neighbors in Bronzeville say it is an ongoing problem, and they have serious safety concerns.
Arlington Heights police and fire crews responded to the motel after a guest services employee called to report that someone entered the lobby bleeding after being shot.
Bellinger hit 26 home runs for the Cubs in 2023. Much like the rest of the lineup, his production dipped last year.
Himon scored twice on just nine touches, breaking a 3-3 tie late in the first quarter with a nifty 51-yard TD run before capping the win.
The man city records document as the owner of the alley declined several requests for an interview, but could be seen repeatedly driving a forklift through CBS News Chicago's shot.
Investor interest in South Shore has steadily increased with investors buying single family homes and condos.
The accused killer has a decade-long documented history of attacking law enforcement, inmates, and mental health staff. He was even issued a jail ID card alerting staff of his security threat.
Jackson has been waiting for this specific decision since his release from prison two weeks ago
The skull has been identified as Esther Granger, a 17-year-old girl who died in Indiana, in 1866.
Bellinger hit 26 home runs for the Cubs in 2023. Much like the rest of the lineup, his production dipped last year.
Himon scored twice on just nine touches, breaking a 3-3 tie late in the first quarter with a nifty 51-yard TD run before capping the win.
It was the fourth consecutive win for Minnesota (6-3, 4-2 Big Ten).
Zach LaVine and Coby White each added 21 points, with White going 5 of 9 from 3-point range.
The cornerback has been balancing an eagerness to return, while also dealing with an injury he has never had before.
Police said the shooting appeared to be isolated.
Javier Barajas is due back in court on Monday, Nov. 25.
In each of four incidents, the robber claimed to have a gun and handed the store or restaurant employee a handwritten note announcing a robbery.
The suspect in the shooting of a man walking to synagogue last week is facing hate crime and terrorism charges.
The man was able to get assistance from those inside the school, who rendered aid.
