Latest Caterpillar Inc News

FILE - In this Nov. 4, 2019, file photo a worker prepares a piece of Cat construction equipment made by Caterpillar to be lifted off a trailer at the Port of Tacoma in Tacoma, Wash. Caterpillar Inc. reports financial results Friday, Jan. 31, 2020. (AP Photo/Ted S. Warren, File)

Caterpillar profit tumbles with world economy on lockdown

Apr. 28, 2020 7:57 AM EDT

DEERFIELD, Ill. (AP) — Caterpillar's profits are down 46% with much of the global economy seized by the spread of the coronavirus pandemic. The company has already withdrawn all financial guidance and said Tuesday that it expects that the outbreak will skew its performance throughout the year. The heavy...