(Reuters) - The world's top maker of earthmoving equipment, diesel
engines and gas turbines said on Friday quarterly earnings fell
more than expected due to lower truck engine sales, weakness in
North American construction markets and higher production
costs. For details, see [ID:nN20219174].
The earnings miss added to fears that rising defaults in
residential home loans would weigh on the economy, which
hammered credit and equity markets alike on Friday.
[ID:nN23341036].
Read more at Reuters.com Bonds News
engines and gas turbines said on Friday quarterly earnings fell
more than expected due to lower truck engine sales, weakness in
North American construction markets and higher production
costs. For details, see [ID:nN20219174].
The earnings miss added to fears that rising defaults in
residential home loans would weigh on the economy, which
hammered credit and equity markets alike on Friday.
[ID:nN23341036].
Read more at Reuters.com Bonds News
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