Caterpillar Reports Continued Drop In Global Sales
Construction and mining equipment manufacturer Caterpillar (CAT) said its global retail machine sales fell 13% during a three-month period ended in February, sending the company's shares down in morning trading Wednesday. In a filing, the world's biggest supplier of construction machines reported that Asia-Pacific sales for the period declined 26% from the prior year. That compares to a 12% decline during the three months ended in January and a 7%
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