Wednesday, September 23, 2015

Thought(s) of the Day: Caterpillar and Yellen

Caterpillar CEO this morning:

"We are facing a convergence of challenging marketplace conditions in key regions and industry sectors -- namely in mining and energy. While we've already made substantial adjustments as these market conditions have emerged, we are taking even more decisive actions now. We don't make these decisions lightly, but I'm confident these additional steps will better position Caterpillar to deliver solid results when demand improves."

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