Caterpillar Inc.’s income rose to $146 million...
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Caterpillar Inc.’s income rose to $146 million for the third quarter, contrasted with a loss of $26 million for the same quarter last year. Sales grew 23% to $2.25 billion for the quarter, compared to the year-ago period. The Peoria, Ill., firm credited the turnaround to increased demand and higher physical sales volume, improved price realization due to a weaker U.S. dollar and an ongoing cost-reduction program.
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