Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart will stop selling e-cigarettes amid "regulatory complexity" and "uncertainty" around the products, the retailer said in a memo Friday.Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Apple's iPhone 11 ships with a slow charger in the box, but it supports fast charging. So buy this cable and charger to get a 50% charge in 30 minutes.Technologyread more
The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 billion each.The Fedread more
Caterpillar Chairman and CEO Doug Oberhelman announced Monday he will retire in January, more than 41 years after he started with the heavy machinery company.
He will be succeeded as CEO by Jim Umpleby, who has worked with the Peoria, Illinois-based company for 35 years.
"Our people have heard me say many times that my greatest responsibility as Chairman and CEO is to manage Caterpillar for today and position the company and its future leaders for long-term success," the 63-year-old Oberhelman said in a statement. "It has been an honor and a privilege to lead this company, and I am confident in the choice of my successor, Jim Umpleby."
Umpleby, 57, will become CEO and join the board on Jan 1. The company, founded in 1925, also said Dave Calhoun will become nonexecutive chairman of the board.
Oberhelman, who became CEO in 2010, will remain the executive chairman until March 31. The chief executive led Caterpillar to its highest sales and revenue in its history in 2012, but it subsequently encountered headwinds.
A spokeswoman for Caterpillar told CNBC that Oberhelman's departure was his choice and that this transition is in line with that of past CEOs.
Earlier this year, Caterpillar cut its full-year sales and profits forecast as weak demand for equipment used in the mining and energy sector continued to weigh on its business.
Eli Lustgarten, a senior research analyst for Longbow Securities, said Oberhelman's retirement makes sense.
"Well, it's happening now because Doug has two years more. He's 63 years old and usually they retire at 65," Lustgarten told CNBC's "Squawk on the Street." He noted that the move will give the new CEO time to learn to navigate the company's challenges.
"And it's been pretty clear that Caterpillar's tough business conditions aren't going to disappear in  or probably . [Allow Umpleby to] have his hands around everything going on and hopefully some things begin to improve in 2018."
Caterpillar's stock was trading slightly lower in early trade Monday. The stock is up 29 percent year to date.
— Reuters contributed to this report.