Caterpillar Inc. Chairman and Chief Executive Officer Doug Oberhelman said the largest maker of construction and mining equipment has “a lot more to do” to improve performance after its sales fell for the first time in five years.
The U.S. Supreme Court will use a case involving nursing-home pharmacy Omnicare Inc. to resolve lower court disagreement over lawsuits that accuse companies of deception when they sell stock to the public.
Italy may need to create a so-called bad bank to take non-performing loans off the books of some of the nation’s lenders, prompted by the European Central Bank’s balance-sheet reviews and stress tests, according to Boston Consulting Group.
South Africa’s jobless rate, which is the highest of more than 40 emerging markets tracked by Bloomberg, fell last quarter to 24.1 percent as the government hired workers and the jobs in the informal industry rose.
Raising the U.S. gasoline tax above 18.4 cents a gallon is the “simplest and most straightforward” way to fund a long-term highway bill, the president of the nation’s largest lobbying group for businesses told Congress.
Three of Australia’s foremost market economists -- with a century of experience between them -- are defying their peers and traders’ bets by predicting the central bank will be forced to resume cutting interest rates.