Among Jim Umpleby’s first tasks as Caterpillar Inc.’s chief executive will be cleaning up the fallout from his predecessor’s expansion plans. Doug Oberhelman, who is leaving the top job at the end of this year after big money investments ran afoul of the global commodities bust, has embarked on a cost cuts aiming to pare 10,000 jobs, $1.5 billion in annual expenses, and up to 20 plants through 2018. Mr. Umpleby will preside...

Source: Wall Street Journal October 19, 2016 19:46 UTC