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Caterpillar Profit Rises Despite Lower Revenue

Caterpillar Inc. today reported higher fourth-quarter profit as expense controls made up for lower revenue. The Deerfield, Illinois-based maker of earthmoving machines and heavy equipment also warned of “continued global economic uncertainty” in 2020.

Industrial M&A Falls in 2019

Industrial merger and acquisition activity fell in 2019 because of slowing economies and trade uncertainty, consulting firm PwC said in a report.

Heidenhain Opens Expanded Western U.S. Headquarters

Heidenhain Corp. has opened its newly completed West Coast headquarters. This includes the expansion of its executive, sales and technical support offices, as well as demo facilities in San Jose, Calif. The company also maintains a Midwest headquarters in Schaumburg, Illinois.

Hybrid Technique from Purdue Aims to Produce Stronger, Corrosion-Resistant Nickel

Nickel is a widely used metal in the manufacturing industry for both industrial and advanced material processes. Now, Purdue University innovators have created a hybrid technique to fabricate a new form of nickel that may help the future production of lifesaving medical devices, high-tech devices and vehicles with strong corrosion-resistant protection.