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Caterpillar could eliminate nearly 900 jobs in the US and Central America, the company said on Friday.Job cuts will happen at locations in Texas and Panama as part of a restructuring, a spokeswoman said. Employees were notified earlier this year, she said.The heavy equipment manufacturer also said it is "contemplating the closure" of an engine factory in La Grange, Illinois, which is part of its subsidiary Progress Rail, a supplier of railroad and transit products. The closure, if it happens, would eliminate 600 full-time jobs in engine manufacturing. The company said it might be "transitioning" its rail manufacturing to facilities in Winston-Salem, North Carolina, as well as "outside suppliers." The company said the employees were informed in January.Caterpillar is planning to close its work tools facility in Waco, Texas, by the end of 2018, eliminating 200 job and contractor positions there, the company said. The employees were notified last month. The company plans to move the manufacturing to Wamego, Kansas, and also to "external suppliers."Caterpillar also confirmed that it's closing a facility in Panama, and that 80 jobs will be eliminated. The company said these workers were informed in January.The cost-cutting measures come even as a growing global economy is boosting demand for its heavy-duty equipment. The company reported in January that quarterly sales grew 18%, its first increase since 2012.Sales in North American grew by 46% driven by selling and leasing machinery for home building, infrastructure and for the oil and gas industries. Sales were also boosted by increased spending in China.The company added 3,000 employees last year to meet demand, bringing its total workforce to 98,000. 1735
California's Camp Fire didn't just kill dozens of people and destroy thousands of homes. It also left an insurance company in financial ruins, unable to pay millions of dollars to policyholders.A state judge ruled that Merced Property & Casualty Co. can't meet its obligations after last month's Camp Fire, the deadliest and most destructive wildfire in California history.Merced's assets are about million, but it faced about million in outstanding liabilities just in the city of Paradise, court filings show.Judge Brian McCabe's decision allows the California Department of Insurance to take control of Merced. According to court documents, the state's Conservation & Liquidation Office will start liquidating what's left of the company.Photos: Wildfires devastation in CaliforniaUnlike with bankruptcy, where a business or individual can start over, liquidation means there is no hope for a company's recovery.Fortunately for Merced's policyholders, they are covered by the California Insurance Guarantee Association, which "protects resident claimants in the event of an insurance company insolvency."But the association has maximum benefit limitations, according to Merced."If it ends up that you have a claim in excess of CIGA's limits," the company said, "the excess will be a claim against the assets of Merced." 1337

Campaign manager says Trump would have posted several negative tests by debate time (which isn’t possible to know right now) and that they’ll do a rally instead. pic.twitter.com/bctppZft9H— Maggie Haberman (@maggieNYT) October 8, 2020 242
Canadian health officials’ approval of the NHL’s return-to-play proposal has led the league to consider designating one or more cities north of the border to serve as hubs for its 24-team playoff format. NHL deputy commissioner Bill Daly wrote in an email to The Associated Press on Friday that the approval followed productive discussions with government health officials. The approval comes as the NHL has entered the advanced stages of selecting its hub cities, which include three located in Canada. The NHL, however, encountered a setback as the Tampa Bay Lightning closed their training facilities after three players and some staff members tested positive for COVID-19.The NHL is currently in Phase 2 of its return-to-play program, which allows for small, voluntary group workouts.Only six players are allowed on the ice at a time, and only non-contact drills are allowed.Players are required to report to training camps on July 10 before the NHL begins its expanded 24-team postseason. 1001
CBS Television Studios has released a statement after "NCIS" star Pauley Perrette implied that "multiple physical assaults" were the reason she quit the hit series.In a series of tweets earlier this week, Perrette -- who played forensic scientist Abby Sciuto -- talked about "tabloid articles out there that are telling total lies about me" and referenced her not "spilling the beans."She also mentioned "a very rich, very powerful publicity 'machine'" she also alleged was spreading false information about her before tweeting the reason she says she left."Multiple Physical Assaults," Perrette tweeted. "I REALLY get it now. Stay safe. Nothing is worth your safety. Tell someone."She left the long-running CBS crime drama after 15 seasons on the series in an episode aired last week."Pauley Perrette had a terrific run on NCIS and we are all going to miss her," CBS Television Studios wrote in a statement provided to CNN."Over a year ago, Pauley came to us with a workplace concern," the statement went on to say. "We took the matter seriously and worked with her to find a resolution. We are committed to a safe work environment on all our shows."The actress did not identify who she is accusing for the alleged assaults and CBS did not give details regarding the workplace concern.CNN has reached out to Perrette for additional comment. 1355
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