While you were sleeping: Boeing, Caterpillar lift outlook

Wed, 25 Jul 2012

By Margreet Dietz July 26 (BusinessDesk) - Boeing and Caterpillar upgraded their full-year profit forecasts, providing a lift to Wall Street, as did bank stocks. Boeing shares were last up more than 3 percent, while those of Caterpillar were up 2 percent. Caterpillar Chief Executive Officer and Chairman Doug Oberhelman said he is "cautiously optimistic about the world economy in 2013." "While we're expecting a record year in 2012, we understand the world is facing economic challenges, and if it becomes necessary, we are prepared to act quic...

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