Peoria, Ill.-based equipment maker Caterpillar Inc. announced Oct. 17 that its CEO and chairman Doug Oberhelman will retire from the company in March, 2017. Oberhelman has been with Caterpillar for 41 years, and was appointed CEO in 2010.
Milan-based contractor Salini Impregilo S.p.A. has accepted an informal challenge by Italy’s prime minister, Matteo Renzi, to complete a long stalled contract to build a record-breaking suspension bridge over the Messina Strait, between the mainland and Sicily.
The U.S. Environmental Protection Agency has reached a settlement with Occidental Chemical Corp. to perform engineering and design work necessary to clean up 8.3 miles of New Jersey’s lower Passaic River, the most polluted portion.
British Columbia’s chief mining regulator refuses to move compliance and enforcement to a separate agency, despite three reports that say design issues contributed to the massive Mount Polley Mine spill more than two years ago.
Construction’s September unemployment rate ticked up slightly to 5.2%, from 5.1% in August, but fell from 5.6% for September 2014, according to the Bureau of Labor Statistics.