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Caterpillar Prepares for Prolonged Sales Hit – The Wall Street Journal
Machinery giant said revenue in the U.S. dropped more than 40% in the second quarter
The coronavirus crisis is sapping demand for Caterpillar Inc.s giant machinery from builders and miners around the world.
Caterpillar said Friday that its revenue in the U.S. dropped more than 40% in the second quarter, and that demand from final customers fell around 22%. The company said it expects a similar decline for its third quarter.
With……
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