Caterpillar Seen Trailing Macy’s as Europe Saps U.S. Earnings

Caterpillar Seen Trailing Macy’s as Europe Saps U.S. Earnings

Daniel Acker/Bloomberg

Caterpillar over the last several quarters has been working to reduce inventory as the weaker economy in China, stalled budget talks in the U.S. and parts of Europe in recession reduced orders.