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Caterpillar Slashes Another 10K Jobs

The world's largest manufacturer of construction and mining equipment says it will cut another 10,000 jobs, and close a number of facilities over the next couple of years. Caterpillar is the latest major U.S. industrial company to grapple with a downturn in demand for crude oil, copper and other commodities produced with the help of industrial equipment. Analysts say China's slowing growth means its huge economy needs fewer raw materials and other imported...

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