Caterpillar’s Profit Surge Masks Tentative Recovery
The world’s largest manufacturer of construction equipment, Caterpillar, has announced impressive Q2 2010 results, with net profit almost doubling compared to Q2 2009 as a result of strong sales and revenues growth. Increased demand for machinery was the underlying growth driver, with cost-cutting boosting the bottom line. The company is often considered a bellwether for… [Read more]