Caterpillar says it could cut 10,000 jobs

...southwest of Chicago, after considering other locations. It said then that it would expand and modernize the complex. Chairman and CEO Doug Oberhelman wrote Thursday in a guest column for the Peoria Journal-Star that plans for the new headquarters...

Alcoa splitting into 2 companies

...Alcoa to create two strong value engines that are now ready to pursue their own distinctive strategic directions," Chairman and CEO Klaus Kleinfeld said in a statement.The company has been shifting its focus to its more profitable automotive and...

FedEx lowers fiscal 2016 profit forecast after posting mixed results for 1st quarter

...percent on Jan. 4, and surcharges for oversized packages will go up in November, before the peak holiday season.Chairman and CEO Fred Smith said the Memphis, Tenn.-based company was "performing solidly given weaker-than-expected economic...

Sears sales soften in 2nd quarter

...three years, bolstered by selling and leasing back some of its buildings to a new real estate investment trust.Chairman and CEO Edward Lampert, a billionaire hedge fund investor, combined Sears and Kmart in 2005, about two years after he helped...

United Airlines CEO resigns in scandal linked to ex-official with Aiken ties

The chairman and CEO of United Airlines is stepping down in connection with an investigation into dealings with the agency that operates New York-area airports.

NASCAR's 'Gentle Giant' Buddy Baker dies

...one of the greatest storytellers in the sport's history, a unique skill that endeared him to millions," NASCAR chairman and CEO Brian France said. "But those who witnessed his racing talent recognized Buddy as a fast and fierce competitor...

Nylon recycling facility closing in Augusta

...our strong working relationships with post-consumer carpet collectors throughout the country," Vance Bell, Shaw chairman and CEO, said in a statement. "Evergreen Augusta served Shaw and our industry well. Evergreen Ringgold enhances the long-term...

Home Depot separates itself from retail crowd in 2Q

...the second quarter was $59.42, a 1.7 percent increase, and the number of transactions rose 2.6 percent.Chairman and CEO Craig Menear said the consumer was the driver of the average receipt performance during the quarter, with it being...

Under new SEC rule, public companies will have to reveal CEO vs worker pay gap

...Spade & Co., whose chief Craig Leavitt pulled in $26.2 million; and Restoration Hardware Holdings Inc., whose chairman and CEO Gary Friedman saw his compensation drop to $2.6 million from $36.4 million in 2013.

Anthem to buy Cigna in $48 billion deal

...four independent directors from Cigna's current board will join the nine current members of Anthem's board.Cordani will serve as president and chief operating officer of the combined company, with Anthem's Swedish as chairman and CEO.