Much Ado About Pettiness

By all rights, Caterpillar Inc. ought to be one happy company these days. Two years of a weak dollar has all but knocked Japan's Komatsu Ltd. off the field, leaving Cat a clear run at the construction-equipment market. Demand is so strong that Cat can't fill many orders for months. As a result, the Peoria company's sales, profits, and market share (chart) are soaring.

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