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General Electric said Monday it made a series of deals with Saudi Arabia worth over $1.4 billion as part of the kingdom’s ambitious plan to wean itself off crude oil.
Trucking operator Werner Enterprises Inc. said Derek Leathers has been promoted to chief executive, replacing company founder Clarence Werner, who will remain executive chairman.
The massive sporting goods retailer has announced that it will close all 463 stores this summer and lay off approximately 14,500 people as they begin liquidating the company.
Caterpillar Inc. will close five U.S. plants and shed about 820 positions, cutting production under a plan to close or consolidate about 20 facilities through 2018.