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The WSJ reports Caterpillar (CAT) struck a deal to purchase Hong Kong-based ERA Mining Machinery...

The WSJ reports Caterpillar (CAT) struck a deal to purchase Hong Kong-based ERA Mining Machinery for 6.9B Hong Kong dollars ($887M). The move will be aimed at helping the firm improve its market share in China - which accounts for close to 50% of global demand for construction equipment. Shares +1.5% premarket.
Comments (1)
  • clydewilliford
    , contributor
    Comments (16) | Send Message
     
    Where are Amrican Job's in this report? Why should we give a crap about China jobs!
    10 Nov 2011, 09:58 AM Reply Like
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