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Dow, Nasdaq have best month of the year

Caterpillar drove the Dow Jones industrial average higher Friday after the company reported a huge gain in first-quarter earnings. The world's largest maker of mining and construction equipment rose 2.5 percent after its earnings increased more than five-fold. The company also raised its sales and profit forecast for the year.

Caterpillar to axe 2,500 workers

Caterpillar, the world's largest maker of construction and mining equipment, says it will permanently cut 2,500 jobs.

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