Cat, Deere Finding Refuge Overseas

Summary


CHAMPAIGN, Ill. (AP) - Caterpillar executives talk a lot these days about how 2007 had the makings of a disaster. Its truck engine and construction equipment sales in North America plunged and the sluggish U.S. economy offered no hope of a quick turnaround.

Yet the Peoria, Ill.-based company had its best year ever, with profits of $12.3 billion and almost $45 billion in revenue, thanks largely to overseas sales.

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Cat, Deere Finding Refuge Overseas

"I cannot think of a time in my 27 years with this compan...

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