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Caterpillar profits fall 45%, cuts forecast

Stacey Vanek Smith Apr 22, 2013
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Caterpillar reported disappointing earnings this morning. The heavy-equipment maker announced its profits are down 45 percent and also cut its forecast for the rest of the year. JONAS ROOSENS/AFP/Getty Images

Caterpillar profits fall 45%, cuts forecast

Stacey Vanek Smith Apr 22, 2013
Caterpillar reported disappointing earnings this morning. The heavy-equipment maker announced its profits are down 45 percent and also cut its forecast for the rest of the year. JONAS ROOSENS/AFP/Getty Images
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Caterpillar reported disappointing earnings this morning. The heavy-equipment maker announced its profits are down 45 percent and also cut its forecast for the rest of the year.

Julia Coronado, chief economist at BNP Paribas, joins Marketplace’s Stacey Vanek Smith to discuss what’s got Caterpillar down, both here and abroad.

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