Caterpillar Inc., the world's largest maker of bulldozers and excavators, said it's cutting 20,000 jobs and this year's profit and sales will trail analysts' estimates as the deepest recession in a quarter century saps demand.
By Melita Marie Garza Bloomberg News Service , Denver Post: Business
Mon, 01/26/2009 - 9:12am
Caterpillar Inc., the world's largest maker of bulldozers and excavators, said it's cutting 20,000 jobs and this year's profit and sales will trail analysts' estimates as the deepest recession in a quarter century saps demand.