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Caterpillar profits drop 45% on weak mining sales

Cecilia Jamasmie | April 22, 2013 | 1:34 pm Europe 

Heavyweight machinery maker and bellwether of the global economy Caterpillar (NYSE:CAT), reported Monday a 45% drop in first-quarter earnings as weak global mining and construction demand hit particularly hard its mining business. The world’s biggest maker of earthmoving equipment posted a...

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