Caterpillar 4Q profit rises despite sales decline

Caterpillar put a lit on costs in the fourth quarter, pushing profits higher despite an 8% decline in revenue. The strong profits, however, were overshadowed by an uncertain take on the year ahead with global growth slowing. Shares slipped 1.6% before the opening bell Friday. Net income rose 5% to $1.1 billion, or $1.97 per […]