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Archive Home > 2009 > July > 22 > Caterpillar profit falls on weak demand

Caterpillar profit falls on weak demand


July 22, 2009

Caterpillar Inc.’s second-quarter profit tumbled on slumping sales of heavy equipment and the cost of staff cuts, but it saw signs that the global economy is starting to stabilize after a prolonged slide.

The company boosted its 2009 profit forecast, citing evidence that government....

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