BHP and RIO are toning down massive capital expenditure plans in the face of questionable demand...

|About: BHP Billiton Limited (BHP)|By:, SA News Editor
BHP and RIO are toning down massive capital expenditure plans in the face of questionable demand and rising costs going forward, and now appear to be listening to investors and directing some of those billions towards capital returns. Might American industrial names -  XLI -1.3%, CAT -2.1%, JOY -2.1% - feel the pain?