The Latest Breaking News from Jim Umpleby

Supply Chain Problems Persist For Automakers, Not Just Microchips

Car manufacturers compete with the defense industry and other manufacturers for scarce electronic parts and raw materials.

Motor1 · Mar 30, 2023

Caterpillar to move headquarters to Texas, marking second major corporate departure from Illinois in 6 weeks

Less than six weeks after defense contractor and airplane-maker Boeing announced it would move its global headquarters out of downtown Chicago, leaders of another major corporation are set to leave the region.

Chicago Tribune · Jun 15, 2022

Caterpillar Hikes dividend By 8%

Caterpillar Inc. (NYSE:CAT) raised the quarterly cash dividend by 8% to $1.20 from $1.11 per share of common stock. The new dividend is payable on August 19, 2022, to shareholders of record at the close of business on July 20, 2022. "We intend to return substantially all ME&T free cash flow to shareholders…

Benzinga · Jun 8, 2022