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Employment Trends Index increases again

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conference board logoThe Conference Board Employment Trends Index™ (ETI) increased again in October, after...

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Cat earnings show continued struggle in third quarter

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600px Caterpillar logoIt was one of those types of quarters for Caterpillar Inc. in the third quarter of 2016, in that little seemed changed from almost every quarter the past few years. Sales and profits were lower as markets continued to struggle worldwide.

It appears it will be more...

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Oberhelman, other business leaders want more scientific research funding

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oberhelmanCaterpillar Inc. Chairman and CEO Doug Oberhelman joined more than three dozen other CEOs...

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Oberhelman to analysts: 'no drama' behind decision to retire

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oberhelmanSeeking to debunk the notion he is being forced out at Caterpillar Inc., Doug Oberhelman on Tuesday told stock analysts there was “no drama” surrounding his decision to retire at the end of March 2017.

In a conference call with...

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Caterpillar to invest $1 Billion in Business, Education and Training across Africa

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600px Caterpillar logoCaterpillar Inc. Chairman and CEO Doug Oberhelman announced Wednesday that the company, its independent dealers and the Caterpillar Foundation will invest more than $1 billion in Africa over the next five years.

Oberhelman, who is currently taking...

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Retired Cat CEO Glen Barton has died

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GBarton1Glen Barton, former chairman and CEO of Caterpillar Inc., died early Monday at his home from metastatic cancer. He was 77.

Barton, who remained deeply involved with the community after...

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Cat says 300 at Mossville received layoff notices

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600px Caterpillar logoCaterpillar Inc. said Friday that 300 of its employees in Mossville were notified this week of their impending layoff.

The company said it was employees in the engineering and support staffs that were given WARN (Worker Adjustment and Retraining Notification) Act...

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Annual Study Reveals This Year's Craziest Excuses for Calling in Sick

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While calling in sick, when you are feeling just fine, is not a new phenomenon in the office, slightly fewer workers say they have done it over the last 12 months, according to a new CareerBuilder...

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Latest Cat layoffs from consolidations start this week

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600px Caterpillar logoCaterpillar Inc. has not yet said how many employees, many of whom are in the Peoria region, are being laid off in the latest round of job reductions that start this week.

Already, many employees in Peoria, East Peoria and Mossville – many of them engineers...

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Talent shortage continues growing in U.S.

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manpower logoNearly half (46%) of U.S. employers report difficulties filling jobs due to lack of available...

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UnityPoint agrees to acquire Pekin Hospital, ProHealth Medical Group

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UnityPoint Health–Peoria plans to acquire Pekin Hospital and other affiliates of Progressive Health Systems, according to a news release from the two parties.

The release said UnityPoint and Progressive Health Systems have signed a letter of intent to negotiate an agreement to make the latter and its Pekin Hospital...

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Oberhelman to retire in March; Umpleby named new CEO

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Caterpillar Inc. will undergo several changes at the top in the next six months, the company announced Monday.

Doug Oberhelman, chairman and CEO since 2009, will leave the CEO position at the end of the year and the chairmanship at...

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Cat makes more restructuring moves; no local jobs affected

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600px Caterpillar logoCaterpillar Inc. announced Thursday it will discontinue production of one item made in Pennsylvania, repurpose one plant and sell off other products manufacturing as it continues restructuring to withstand the current down cycle.

The changes in the mining products...

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Cat maintains cash dividend in Q3

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Caterpillar Inc. announced Wednesday it will maintain its quarterly cash dividend of 77 cents a share.

The company’s Board of Directors voted to maintain the dividend and make it payable Nov. 19 to stockholders of record at the close of business on Oct. 24.

"I am proud that...

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Millennials more likely to forfeit vacation time

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Millennial workers are the most likely generation to forfeit time off, even though they earn the least amount of vacation days. Millennials stay at work because they feel more fear and greater guilt...

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Cat YTD stock performance tops DJIA through first three quarters

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600px Caterpillar logoDespite a gloomy year to date, Caterpillar Inc. has been the best performer of the 30 stocks making up the Dow Jones Industrial Average through the first three quarters of 2016, according to Wall Street experts.

And it appears headed toward a strong fourth quarter,...

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CUB calls for higher Ameren Illinois rate reduction

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CUB logoA rate cut that Ameren Illinois has proposed for 2017 should be doubled, to a decrease...

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Halloween spending expected to reach record high

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Americans are planning to splurge on their favorite candy and costumes this Halloween season, according to the National Retail Federation.

The NRF’s annual survey conducted by Prosper Insights & Analytics says total spending...

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Study shows middle-wage jobs will decline in next 5 years

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The U.S. economy is expected to add 7,232,517 jobs over the next five years — a 5 percent increase — but a new study from CareerBuilder and Emsi shows that workers in middle-wage jobs may not find as many opportunities.

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The Purple Bubble Fragrance Bar fits well in The Heights

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Most college students are busy enough with studies and other college-related things that they need nothing else in their lives. Then, there is Emily Russell.

PURPL Logo 4CA sophomore elementary education major at Bradley University, Russell, 20, recently opened her own business in Peoria Heights,...

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Workshop dispenses help to minority entrepreneurs

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About 50 budding entrepreneurs on Thursday got invaluable advice that could propel them toward opening their own business.

They attended the first Small Business Assistance Workshop for Minority Business Owners and Entrepreneurs at the Gateway Building in downtown Peoria and learned what they need to do to access federal money and resources on their path to opening a...

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