CAT Archive

Caterpillar CEO says no double-dip recession

Caterpillar CEO says no double-dip recession August 19 (AP) — Global equipment sales increased 32 percent. And engine and turbine sales were up 5 percent overall. “There seems to be a doom and gloom out there in the punditry,”CEO Doug Oberhelman said. “We’re not seeing that.” Caterpillar said equipment sales in the ...Read More


[Skip to the end] Karim writes: AMEX notes consumer spending slowed in latter part of quarter, suggesting effect of fiscal impulse waning. CAT driven by emerging market strength, states U.S. and Europe are two weakest regions, and expects rate cuts by Fed and ECB by year-end. AMEX Consumer spending slowed during the ...Read More