Caterpillar Inc. said Thursday that its fourth-quarter
profit jumped 60 percent, boosted by pent-up demand for new equipment and
continuing growth in developing countries. The performance of the world’s
largest maker of construction and mining equipment is an indicator of the
strength of the global economy. Along with strong fourth-quarter earnings,
Caterpillar issued rosy guidance, saying that it expects the global economy to
grow faster this year and construction activity to continue to improve in most
parts of the world. Caterpillar sees China’s economy growing by 8.5 percent in
2012, with more construction and rising demand for commodities bringing more
machine sales.
AP
About Me
- Marc A. Ross
- Washington, DC, United States
- Marc has an extensive background in business development for companies as well as directing the advocacy operations, communications efforts, fundraising programs and public affairs for nonprofits, corporations and political campaigns for the highest offices in the United States and the United Kingdom. Marc is available for consulting, workshops, panels, interviews, training sessions, advice, commentary and speaking on all things Advocacy 2.0. Marc can be reached via email by sending a note to marc (at) 2ndsix.com or by twitter at @microadvocacy.
