Summary Box: Caterpillar sales keep growing

AP News
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Posted: Oct 21, 2010 5:18 PM

CONTINUED IMPROVEMENT: Equipment maker Caterpillar reported a 96 percent jump in third-quarter profit Thursday.

DEVELOPING RESULTS: Caterpillar says it continues to see strong demand in developing regions, such as Latin America and China, because those economies are surging out of the recession. But sales also improved in developed areas as some companies upgraded aging equipment.

STABILIZING SIGN? Caterpillar's strong results may suggest good things about the health of the global economy. But the company predicts global economic growth of only about 3.5 percent in 2011.