Caterpillar Inc. is investing millions of dollars to create a new industrial engine, so more job opportunities could be coming to South Central Texas.

Caterpillar is being fined $145,000 due to a workplace accident where a new employee was “immediately incinerated” after falling into an 11-foot-deep pot of molten iron, according to the Occupational Safety and Health Administration.

Shares are mostly lower in Asia after a mixed session on Wall Street, where tech sector losses offset gains in other parts of the market.

Bexar County is focusing on creating a talented workforce for manufacturing in the area.

Plans to pump money into rebuilding the nation’s roads, bridges and other infrastructure could give companies that make machinery and materials a solid foundation for growth.

FILE - In this Sept. 18, 2019, photo a Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. The Deerfield, Illinois, company reported a profit Tuesday, Oct. 27, 2020, of $1.22 per share. Sales were $11.24 billion, down significantly from last year's $13.14 billion, yet far better than Wall Street projections of $11.18 billion, according to a survey of analysts by Zacks Investment Research. That is still well below the $1.1 billion, or $1.97 per share, that the company earned in the prior year. The Commerce Department reported Thursday that the U.S. economy shrank in 2020 by the largest amount in 74 years, and the Labor Department reported that 847,000 Americans applied for unemployment benefits last week.

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Wednesday, Oct. 28, 2020. Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. (AP Photo/Kin Cheung)Asian shares headed lower Wednesday on worries about rising virus counts and Washington's inability to deliver more aid to the economy. Japan's benchmark Nikkei 225 fell 0.3% in morning trading to 23,420.93, while South Korea's Kospi declined 0.2% to 2,325.22. The U.S. dollar weakened to 104.30 Japanese yen from 104.41 yen late Tuesday.

TEXAS – It’s hairy, it may be cute, but trust us when we say you don’t want to go anywhere near it. One of the most venomous caterpillars in the nation has been spotted in Virginia earlier this week, according to a recent CNN report, and in case you weren’t aware, they are already commonly found in the state of Texas. Puss caterpillars won’t jump out and bite you if you see them out and about at Texas parks or in wooded areas; however, it’s their thick, furry coat that you’ll need to worry about. The caterpillar’s coat has venomous hairs that stick to skin when it comes in contact, causing a very unpleasant reaction. To learn more about these caterpillars, visit Texas A&M’s website here.