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Caterpillar 2012 earnings below market expectations

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The US construction equipment group Caterpillar posted on Monday a 15-percent rise in 2012 net profit, but that was below market expectations owing in large part to a charge of $580 million that arose from accounting fraud at the group’s new Chinese unit Siwei.

Posted: January 28th, 2013 in Latest Business Stories | Read More »

Price increase of Metro construction supplies prices at 2-year high in March—NSO

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MANILA, Philippines—The increase in the retail prices of construction supplies in Metro Manila jumped to a two-year high of 4.9 percent year on year in March, the National Statistics Office records showed. NSO data showed that the retail price index of selected construction materials in the National Capital Region – covering seven subgroups of products […]

Posted: May 2nd, 2011 in Latest Business Stories | Read More »

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