Economics

Caterpillar slashes outlook after profit drop

Caterpillar slashes outlook after profit drop (via AFP)

Slumping industrial giant Caterpillar on Wednesday reported a 44 percent drop in profits and again slashed its 2013 full-year forecast due to weakness in the mining sector. The company, which sells machinery and engines to the construction, mining and…



 

Like Us On Facebook - For Business And General News: ValueWalk - For Tech And Science News: ValueWalk Tech - For Tech Insights, Technical Questions and Queries: Follow Our COO, Sheeraz Raza.