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Wednesday, February 15th, 2012

Posts Tagged ‘ 30 Year Mortgage Rates ’

Caterpillar (CAT) Predicts Zero Economic Growth in ‘09, Sheds 20,000 Jobs

Jan 27th, 2009 | By Don Miller | Category: Financial News, Stock Market Investing

Caterpillar Inc., (CAT) predicted zero economic growth worldwide in 2009 and announced it will shed 20,000 jobs over the next few months. The world’s largest maker of construction and mining machines issued its gloomy forecast after a downturn that began in the United States grew into a full-blown global recession, gutting orders for its equipment.