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U.S. Morning Call: Caterpillar inches along in weak economy

Tuesday, September 25, 2012 - 02:31

Sept 25 - Caterpillar has cut its 2015 earnings forecast, becoming the latest company to sound alarms on the sluggish global economic recovery.

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Caterpillar offers a more sluggish growth outlook and Google not mapping to the new iPhone here's your morning call for Tuesday. US stock futures signaling a slightly higher open after a lower finish yesterday. Investors today will get another look at the real estate of real estate went S&P case Shiller home price index comes out at 9 AM. Economists expect eight point 9% rise in July to match the month prior indicating slow steady growth in housing market. How about the state of the entire world UN general assembly kicks off today with President Obama set to take the podium in the morning session. Although markets seem to be making a recovery this morning investors still feeling the pain from had a analysts' forecasts Al late Monday. The world's largest heavy equipment maker reduced its -- 2015 numbers. Saying it seemed less demand for its products largely due to weak month prices. This may undermine -- company's expansion into the mining sector impacts sales in Australia and China. Caterpillar joins the likes of Norfolk Southern FedEx and UPS all three company's bottom lines recently hit by slowing demand around the world. Shares of caterpillar down 2% in the premarket. Ever -- stocks to watch -- company article expected to -- profits and sales sink when it reports quarterly results today. The ongoing eurozone crisis may have prompted vacationers to pull back on booking cruises. And explore Facebook's French connection. Manages from the social network have to appear before the country's data watchdog. To explain to glitches with its new timeline feature. Google saying could it to -- to new customers in Japan. The tech giants started selling its nexus seven tablet deep in competition with Sony whose tablets also run on Google's operating system. And Google Maps not going on an iPhone any time soon according to chairman Eric Schmidt. Users have complained that Apple's new Napster is contains glaring geographical errors and -- features that made Google Maps popular. At the nexus seven launch in Japan Schmidt told reporters quote we would've been better if they had kept ours but what line now. Shares of Google trading up slightly in the premarket. That's your morning call for Tuesday follow us on Twitter at Reuters Insider for the latest headlines and check generally YouTube channel at Reuters dot com slash Reuters TV. I'm Lisa -- it is writers.

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U.S. Morning Call: Caterpillar inches along in weak economy

Tuesday, September 25, 2012 - 02:31