Slowing global growth hits Caterpillar in 3Q
A slowing global economy is taking a toll on Caterpillar, which cut its outlook for the year Wednesday after profits and revenue slid in the third quarter. Hinting at a pull-back in spending by builders, dealers slashed inventories by about $400 million. That’s a $1.2 billion swing from last year’s third quarter, when dealers increased […]
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