A New Cat On The Hot Seat

Slowing global markets are shaping up as the first big test for the revamped Caterpillar

For eight years, CEO Donald V. Fites has been working to insulate Caterpillar Inc. from surprises. But on Feb. 22, Illinois members of the United Auto Workers gave him a shock. Although union leaders had finally agreed to a contract to end the company's six-year labor standoff, rank-and-file workers rejected the deal.

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