Caterpillar set to retrench hundreds of workers as it plans shutdown of several facilities

Caterpillar Inc. will close two facilities in Texas and Panama and is also considering shutting its engine manufacturing plant in Illinois as part of a strategy to boost profitability and better handle business cycles, but the move could cut 880 jobs. The plant closures, which were announced internally over the past two months, were confirmed… Read More Caterpillar set to retrench hundreds of workers as it plans shutdown of several facilities

Fifteen dead as boat carrying migrants sink off Greek island

Fifteen people, including at least five children, drowned on Saturday when the small boat they were traveling on capsized in the Aegean Sea, Greek coast guard officials said. The incident occurred off Greece’s Agathonisi island, which is close to the Turkish coast. The identity and nationality of the victims was not immediately known. “At least… Read More Fifteen dead as boat carrying migrants sink off Greek island