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Caterpillar Profit Falls on Lower Demand

Caterpillar Inc., the maker of mining trucks and other heavy equipment, posted a lower first-quarter profit as demand fell off amid a global economy hit by the novel coronavirus (COVID-19).

Durable Goods Orders Slide on Transportation

New orders for durable goods orders plunged in March as commercial aircraft and vehicle orders slid because of the novel coronavirus (COVID-13), the U.S. Commerce Department said today.