New Head at Caterpillar Faces Slow Growth

New Head at Caterpillar Faces Slow Growth

Caterpillar, the US-based leader in the machinery and engine industry, announced that in January Doug Umpleby, a longtime Caterpillar executive, will succeed Doug Oberhelman as the company’s CEO. He will be challenged by slow growth worldwide. 

Can Jet CEO Make Walmart.com Fly?

Can Jet CEO Make Walmart.com Fly?

US | Wal-Mart’s decision to buy Jet.com, a fast-growing e-commerce company, for $3.3 billion is being viewed as a shrewd move for both companies—one that strengthens their ability to compete with Amazon. 

US Still A Strong Draw For FDI

US Still A Strong Draw For FDI

Aaron Brickman, senior vice president for strategy and development at the Organization for International Investment (OFII), a nonprofit trade association, also founded SelectUSA, a federal program to promote foreign direct investment in the US. He visited Global Finance to discuss the state of FDI worldwide.

ECB Corporate Bond Buying Lures US Issuers

ECB Corporate Bond Buying Lures US Issuers

Capital Markets | Fixed Income
US companies are rushing to borrow in European bond markets. They’re taking advantage of low interest rates on euro-denominated issues after the European Central Bank’s decision to start buying investment-grade corporate bonds in June—part of its economic stimulus program. Last year already set a record for corporate borrowing in Europe’s bond markets, where rates are significantly lower than in the US.

Kashkari Declares War On Big US Banks

Kashkari Declares War On Big US Banks

US: At 42, he is a former banker, a former bailout czar and a former politician. He wants to persuade the public, from Wall Street to Main Street, that large banks pose a risk to the economic system. The risk is too high, he says, and must be eliminated—surely not a minor feat, not even for one of the presidents of the mighty Federal Reserve.

Breen Goes Lean Before Mega-Merger

Breen Goes Lean Before Mega-Merger

Newsmakers | United States
Edward Breen earned his reputation breaking up Tyco, so it’s no surprise that he’s hit the ground running since taking over at DuPont last October as interim CEO, a position made permanent a month later.