Caterpillar to shut 5 U.S. plants, cut more than 800 jobs
Caterpillar Inc. said Thursday it will close five U.S. plants and shed about 820 positions as the construction-equipment maker continues to scale back its production and workforce in response to falling demand.
The cutbacks are part of a strategy outlined by the Peoria, Ill.-based company in September to trim its workforce by about 10,000 positions and close or consolidate about 20 facilities through 2018. The company said Thursday it has shed about 5,300 positions so far.
University of Illinois has cut more than 500 jobs in last 18 months
URBANA — The employee count at the University of Illinois has dropped by more than 500 in the last 18 months, a response to the state’s fiscal problems, officials said Wednesday.
President Tim Killeen released what he called an “interim report” on budget-cutting efforts, showing that 484 non-instructional staff positions have been cut since February 2015, a 3 percent drop.
US Foods Agrees to Acquire Jeraci Foods
ROSEMONT, Ill.–US Foods today announced that it has agreed to acquire Jeraci Foods, an Italian specialty distributor based in Elmsford, New York. Family owned since 1972, Jeraci Foods offers a complete line of authentic Italian and other imported and domestic food products to customers throughout the metro New York area. With more than $26 million in sales annually, Jeraci will enhance US Foods’ penetration in the Italian independent restaurant and pizzeria segment.
UL Acquires Consumer Testing Laboratories Inc. (CTL)
NORTHBROOK, Ill., Oct. 6, 2016 /PRNewswire/ — UL, a global safety science leader, today announced the acquisition of Consumer Testing Laboratories Inc. (CTL), a leading multinational retail testing company, to expand UL’s global footprint and services.
Komatsu America Corp. Acquires Four Branches of Road Machinery
Komatsu America Corp., has purchased four branches of Road Machinery, LLC. The branches will become company-owned facilities under the Komatsu Southwest banner.
The four locations: El Paso, Texas; Carlsbad, N.M.; Albuquerque, N.M.; and Farmington, N.M. will support Komatsu’s long-term strategic plans to grow and strengthen its distribution channel. Komatsu America purchased the locations from Phoenix-based Road Machinery, LLC in a deal that closed October 5. No other transaction terms will be disclosed.cartoon hd for mac
Envestnet acquires Wheelhouse Analytics
Oct 10 Envestnet Inc
* Envestnet acquires Wheelhouse Analytics
* Envestnet Inc – terms of acquisition were not disclosed.
* Envestnet Inc – Frank Coates, CEO of Wheelhouse Analytics will join Envestnet | Yodlee as executive managing director Source text for Eikon: Further company coverage:
Tim Kennedy Joins Adsensa as Head of Operations for North America
CHICAGO–(BUSINESS WIRE)–Adsensa, the provider of software designed to assist P&C commercial and specialty lines insurers transform underwriting by efficiently and accurately capturing and analyzing submission data to qualify risk easier and earlier, today announced that Tim Kennedy has joined the company as Head of Operations for North America.
Trustmark Companies Names Fawaz Rasheed Chief Information Security Officer
LAKE FOREST, Ill.–(BUSINESS WIRE)–Fawaz Rasheed, 44, has been named Chief Information Security Officer of Trustmark Companies. The announcement was made by Dan Simpson, Chief Information Officer.
Audi of America appoints Matt Carpenter Chief Financial Officer Audi of America appoints Matt Carpenter Chief Financial Officer
Audi of America has appointed Matt Carpenter as vice president and chief financial officer. Matt will be responsible for the financial planning, steering, controlling, reporting and target achievement at Audi of America. He reports to Scott Keogh, president, Audi of America.
Savant Expands Investor Base, Raises over $50MM in Capital
Transaction positions firm to remain independent and execute growth strategy
– Savant positioned as one of a very few independent RIAs with nearly $5 billion in assets under management, broad employee ownership, self-governance and access to future growth capital.