"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "

Chinese premier Wen Jiabao 12th March 2009

""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."

Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Friday, April 20, 2007

Caterpillar - not too dozy

Peoria, Illinois-based Caterpillar Inc. reported 1st Qtr earnings today and said "exceptional growth" outside North America was offsetting weakness in the U.S. residential housing and truck engine markets.

Shares surged 5.2%up $3.54 at $72.16

While net profit fell to US$816 million, or US$1.23 a share, from US$840 million, or US$1.20 a share, but Sales and revenue rose 7 % to US$10.02 billion.

Results showed while North American trucks and housing are "material markets," they're "not all that important because Caterpillar is so international and so diversified."

Thx to Caterpillar for calling by at 7.41 this am.

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