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Caterpillar Inc., the biggest maker of construction and mining equipment, cut its 2016 revenue forecast and said next year won’t be much different as companies defer purchases amid sluggish growth and low commodity prices. Shares fell.

Caterpillar Inc.’s Doug Oberhelman will retire after 41 years at the largest maker of construction and mining equipment, leaving his replacement to finish the job of steering through a commodities slump.

Caterpillar Inc. reported better-than-expected earnings, as a drive to cut costs countered the impact of lower demand, and said the worst of the slump in mining-equipment sales may be passing. Company shares rose the most since February.

Caterpillar Inc. is using cost-cutting logistics to keep profits steady during the commodities meltdown.

Caterpillar Inc. has agreed to pay $60 million to settle claims about defects in its C13 and C15 engines, which were taken off the market after widespread reports by fleets of shutdowns and sudden loss of horsepower.

Caterpillar has announced the planned closing of five plants and the elimination of about 820 jobs as part of its ongoing restructuring in response to “tough market conditions.”

Caterpillar Inc. will stop production of its on-highway vocational trucks due to the “current business climate in the truck industry.”

A five-year, $305 billion bill that was signed into law in December provides a modest increase to highway and transit spending, as well as a ray of sunshine during what has been a dark period for Caterpillar.

For Caterpillar Inc., the commodities rout has yet to hit bottom.

Caterpillar Inc., the world’s biggest mining and construction machinery manufacturer, reduced its sales forecast and said it will cut as many as 10,000 jobs over four years in response to a slowdown in the mining and energy industries.