Bob Tita is a reporter who focuses on national news in the United States. He writes for publications such as The Wall Street Journal, Yahoo Finance, Agri America Marketing Inc, and the Alliance for American Manufacturing. Bob's articles cover a range of topics including labor strikes, business acquisitions, agricultural technology, manufacturing, and environmental regulations.
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Bob Tita's coverage spans a wide range of business and industry topics, with a focus on the US. He is particularly interested in covering news related to manufacturing, steel industry, labor unions, and construction. His articles often include private sector announcements and cite data.
To effectively reach out to Bob, consider offering insights or expert commentary on developments within the manufacturing sector, especially those related to the steel industry or labor unions in the US. Additionally, pitches focused on new technologies impacting traditional industries or financial impacts on major companies are likely to resonate with him.
Given his interest in citing data and government announcements as well as press releases from private sectors, providing access to relevant statistics or exclusive information about corporate strategies may enhance outreach efforts.
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By: Bob Tita
Higher prices and lower costs for manufacturing helped Caterpillar navigate falling sales of construction and mining equipment last quarter. The maker of bulldozers, excavators and giant dump trucks now expects sales for 2024 to be slightly lower than in 2023, after previously guiding to flat sales. Caterpillar expects dealers to end 2024 with slightly lower inventories compared with last year.
Vice president and President Biden visit company’s hometown of Pittsburgh for Labor Day, as Nippon Steel works to shore up deal support.
U.S. Steel chief executive said the company would close steel mills if its planned sale to Nippon Steel collapses, as the Biden administration is moving closer to blocking the deal. CEO David Burritt said the nearly $3 billion that Japan-based Nippon Steel has pledged to invest in the Pittsburgh company’s older mills is critical to keeping them competitive and maintaining workers’ jobs. “We wouldn’t do that if the deal falls through,” Burritt said in an interview.
By: Aaron Zitner, Bob Tita, Kris Maher, Nate Smallwood
In Pennsylvania’s steel country, locals fight to keep their jobs at U.S. Steel even if it means foreign ownership.
The Republican presidential nominee called for a 200% tariff on goods made in Mexico that were previously made in the U.S.
The United Steelworkers’ opposition to the sale of U.S. Steel was dealt a setback after an arbitration panel ruled Nippon Steel sufficiently complied with the union’s contract to become the storied steelmaker’s new owner. The union filed a grievance earlier this year alleging that Nippon Steel hadn't met the requirements and obligations of its labor agreement with U.S. Steel, which runs into 2026. The three-member arbitration panel determined that Japan’s Nippon Steel provided assurances and showed the financial capability to comply with the contract, U.S. Steel said.
Orders have fallen as labor shortages ease and production volumes slide.
Orders have fallen as labor shortages ease and production volumes slide. Robots are getting less work at U.S. factories.
Steelmaker Nucor said it will take more time for big infrastructure projects and interest rate cuts to revive flagging steel demand in the U.S. Nucor, the largest U.S. steelmaker by sales, dashed hopes for a late-year market rally by forecasting lower-than-expected profit from the fourth quarter. Federal infrastructure legislation approved in recent years hasn’t yet been a boon for the American steel market, according to Nucor Chief Executive Leon Topalian.
Caterpillar tempered its annual sales outlook again, as eroding construction and mining activity weigh on demand for the machinery maker’s equipment. Caterpillar's per-share profit on an adjusted basis came in below analysts’ expectations. Caterpillar reported a 9% decrease in sales of construction equipment and a 10% drop in mining equipment.
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