Caterpillar Inc. (CAT) reported third quarter earnings of $1.22 per share, compared with 64 cents per share a year earlier.
Sales and revenue rose 53% to $11.134 billion, the company said in a statement.
“Third-quarter results continue to demonstra…
Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Continue reading Dow Dives …
It’s the first decline since June 2009. Still, despite the dip, the nation’s industrial sector remains in an uptrend, and a weaker dollar may further boost international sales of key U.S. companies in the months ahead.
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The Dow surged nearly 200 points, while inflation fears propelled gold to another record close.
The Institute for Supply Management said its services index rose to 53.2 last month from 51.5 in August. Economists had expected t…