SYRACUSE, N.Y.—Chinese construction-equipment makers are burrowing into Caterpillar Inc.'s backyard and they're counting on people like Lon Coon to do it.
NEW YORK—U.S. stocks tumbled deeper into correction territory in a Monday rout that sent the Dow Jones Industrial Average plunging to the biggest point drop since Dec. 1, 2008.
NEW YORK - U.S. stocks fell sharply early Monday as the New York Stock Exchange invoked the so-called Rule 48 to smooth the open of trading after a credit downgrade of the federal government primed markets to extend last week's steep losses.
A $2 billion pipeline project intended to ship oil from West Texas's booming oil fields to California has failed to pique the interest of several big refiners in the Golden State. The culprit: the growing popularity of railroads.
Sears Holdings swung to a fiscal first-quarter loss as the retailer recorded a large gain on asset sales a year earlier and as revenue and margins weakened in the latest period.