Thursday, October 24, 2013

Caterpillar Races to Cut Back - WSJ.com

Caterpillar Races to Cut Back - WSJ.com:
When Doug Oberhelman took over as chief executive of Caterpillar Inc. in July 2010, one of his worries was that the company couldn't increase production fast enough to keep up with demand.

Now the big question is whether the world's biggest maker of construction and mining equipment can cut costs fast enough.
Why focus on cut costs instead of investing?

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