Caterpillar shares slump on sales warning as machinery demand cools
By Deborah Mary Sophia (Reuters) -Caterpillar on Thursday warned of a sales drop in the current quarter as volumes take a hit from dealers tightening equipment inventories, sparking worries that a months-long boom in machinery demand may be coming to an end. Shares of the global economy bellwether slumped 7% in morning trade as it…
