Caterpillar stock sagged toward a one-month low Tuesday. Concern over slowing global economies drove the bellwether industrial stock downward.
Caterpillar fell well short of fourth-quarter profit expectations and the machine maker said that sales have begun to slow in China. Shares tumbled 10 percent at the opening bell Monday, the worst sell-off in more than seven years.
Caterpillar beat most profit and revenue expectations in the third quarter, but company shares were punished Tuesday when Wall Street sensed some pessimism in the company's outlook, which remains unchanged.
We talk with Crain's Chicago Business Deputy Managing Editor Ann Dwyer about some of the biggest business stories this week, from Aon Center being sold to Caterpillar looking to Cuba to boost sluggish sales. Also, find out when McDonald’s will begin serving breakfast all day.
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