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3XSQ: CAT calls economic recovery sluggish, growth "anemic"

Tuesday, September 25, 2012 - 04:36

Sep 25 - Caterpillar cut its longer range profit forecast, warning of a bigger-than-expected fall-off in demand for its products over the next few years.

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Ahead another Dow component scaled back expectations. And the booming business of anti consumerism. Later in Asia. Look at different times where this Tuesday from Reuters world headquarters in New York. Caterpillar joining the ranks of fellow Dow component three and and FedEx in reducing its outlook. The maker of mining equipment and other machines cutting its longer range profit forecast due to the slowing economy. Falling prices for coal and iron also contributing to expected weakness. Shares spell at the end of Monday's trade as the news broke and are down further today. Staples not focused on the future but the president the office supply chain closing more stores and shaking up management has invested it online unit. The -- response to the slowing economy the Clinton taking place in the US and Europe. Shares closed at 2035. At 1235 on Monday right now there to about 1225. Back to -- per -- -- did it today 2003. As in the summer of that year. Beyoncé and Jay-Z top the charts with crazy in love pirates of the Caribbean led the box office and housing prices were aware they are now. But 2012 that means. Prices have increased again according to the latest case Shiller report from July 2012. For the third straight month all twenty cities have tracked pension month to month gains. Well housing is heading in the right direction could be more trouble ahead for FaceBook. Our axle -- joins us from London at the French art issue with a -- up. Facebook's age dawn -- show all false. Lisa and -- as friends speak you'll note that means the phrase puts in hot water problems. And it's been summoned by the government to appear before the countries say it's a watchdog. I've lamented claiming is a breach of privacy your social network is playing down the severity of this apparent -- But basically lease -- what's happened is that some of Facebook's French users. Had seeing some of that personal pride that messages apparent that time lines which. If your FaceBook use you know it can reach a wider Internet audience now face of France has denied any breakdown in security systems and said. That -- while some old days has some of these masters several years old by the way had appeared weary shouldn't have. None of that originated from private messages that you can imagine what's gonna happen this one's gonna get that was a force for awhile. -- X gone out and different and you languages language and -- and that's. Trouble facing Google its shares hitting record highs making executive's company and maybe -- it cocky our power player of the day executive chairman and former CEO Eric Schmidt. Filled Google boss taking on apple and nexus seven tablet that in Japan while demonstrating a new mapping feature Schmidt says. -- she was saying quote take that apple before quickly adding that was a joke by the way. This after apple dropped Google Maps for its new iPhone 5 Schmidt did say the companies are in constant communication at all kinds of levels. From Google. To get them. The Korean. The South Korean physicians side -- is dance video gangland style has landed him on everything from The Today Show Alan. This is celebrating family style the viral video that mocked the wealthy districts all have fun goal for his father software firm. Helping it double in value. South Korean semiconductor company DI court has seen its market -- surged to 113. Billion won. Or 101 point 29 million on missile boards making -- as of today the 459. Months that people stock measured by size. The size dad -- one ho it's chairman and controlling shareholder in styles the first Korean -- to top Apple's music download chart. That's the latest -- -- -- Tuesday you can follow us on Twitter at Reuters Insider and check out of ways to channel at Reuters dot com slash GP. I'm Lisa Bernhard this is --

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3XSQ: CAT calls economic recovery sluggish, growth "anemic"

Tuesday, September 25, 2012 - 04:36