Tue, Apr 21st, 2009
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(Updates throughout with details, background and share price)
CHICAGO -(Dow Jones)- Caterpillar Inc. (CAT) cut is full-year sales and profitforecasts Tuesday and admitted it had underestimated the severity of the globaleconomic downturn.
The world's largest maker of construction equipment had seen sales soar duringthe extended commodity boom, but is cutting production and underscored theuncertainty over a recovery as its 2009 sales forecast carries a range of plusor minus 10%.
Related stories from top sites:
Ford Posts 1Q Loss Of $1.4 Billion; Slows Cash Burn
Apr 21st, 2009 - CNNMoney
(Adds CFO comments, division results and Volvo changes.) Of DOW JONES NEWSWIRES DETROIT -(Dow Jones)- Ford Motor Co. (F) said it has enough money to make itthrough this...
Europe Stocks Fluctuate; Credit Suisse Gains, Akzo Nobel Falls
Apr 21st, 2009 - Bloomberg
April 23 (Bloomberg) -- European stocks fluctuated asbetter-than-estimated earnings from Credit Suisse Group AG and arally in oil shares offset unexpected losses at Akzo Nobel NVand Logitech International SA.
Marriott Beats Street's 1Q Estimates On Cost Cuts
Apr 21st, 2009 - Wall Street Journal
NEW YORK (Dow Jones)--Marriott International Inc. (MAR) swung to a first-quarter loss on restructuring charges as revenue per room tumbled, a situation the hotel giant now expects to be worse than anticipated for the year. For Wall Street...
US HOT STOCKS: Morgan Stanley, AirTran, Ford, RC2, PF Chang's
Apr 21st, 2009 - Wall Street Journal
U.S. stocks were mixed Wednesday as the Dow Jones Industrial Average fell 21 points to 7950 and the S&P 500 dropped 1.8 points to 848. But the Nasdaq Composite climbed 9.8 points to 1654...
Johnson Controls 2Q Loss Nearly $200M; Sees Pft Ahead
Apr 21st, 2009 - Wall Street Journal
(Updates With CEO, CFO comments and share price.) DETROIT (Dow Jones) -- Johnson Controls Inc. (JCI) on Tuesday reported a second-quarter loss of nearly $200 million after...
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