Caterpillar Inc., the world's largest maker of earthmoving equipment, said Monday that it has created three new units to streamline manufacturing and development work, and announced that Vice President Jerry Palmer will retire.

Palmer, 61, who led the wheel loaders and excavators unit, will leave at the end of the year, the Peoria-based company said. His business, the mining and construction equipment unit, and the track-type tractors division will be restructured into three new areas.

Chief Executive Jim Owens reorganized the businesses to align products with common manufacturing and development processes. Owens has plants running at full capacity to meet demand for turbines used to power oil platforms and construction equipment sold in markets such as China.

Ferrovial makes M25 shortlist

Ferrovial, the Spanish construction group, is understood to have made the shortlist for the £5 billion widening of the M25. The group, which recently acquired Britain’s biggest airports, is believed to have teamed up with Amey, one of its UK subsidiaries, and the construction group Laing O’Rourke, to table a bid.

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Bruce Golding says attacks on Contractor General are unnecessary

The Opposition Jamaica Labour Party is frowning at what it describes as unwarranted attacks on Contractor General Greg Christie by Government Members on the Public Accounts Committee (PAC) of Parliament.

In a statement Wednesday, Opposition Leader Bruce Golding left little doubt that he is of the view that the attacks over the last two weeks, have been orchestrated to undermine Mr. Christie's credibility.Mr. Golding charged that Government members are upset by pronouncements Mr. Christie made in discharging his statutory duties.He accused Government members, led by K.D. Knight of turning the Sandals Whitehouse into charade.The Opposition Leader contended that Mr. Knight has attempted to put Mr. Christie on trial instead of the functionaries in the project which wracked up cost overruns of in excess of US$40 million.Mr.