Caterpillar 2Q profit drops 43 percent as dealers cut equipment inventories; outlook trimmed

  • by: TOM KRISHER , AP Business Writer
  • Updated: July 24, 2013 - 2:20 PM

A global mining industry slump cut into second-quarter earnings at Caterpillar Inc. as companies spent less on equipment and dealers cut inventories more than Caterpillar expected.

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