UPDATE: Caterpillar (CAT) CFO Rapp: Global Economy Experiencing an 'Imcomplete Recovery'
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(Updated - August 10, 2012 11:53 AM EDT)
Caterpillar (NYSE: CAT) CFO Ed app spoke on Bloomberg TV today. In part, Rapp said the global economy is experiencing an "incomplete recovery," though there could be some improvement in 2013.
Additionally, Rapp commented that fundamentals in China remain the same and its growth is going through some "rough spots" right now.
Shares of Caterpillar are lower Friday, down about 0.3 percent.
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Caterpillar (NYSE: CAT) CFO Ed app spoke on Bloomberg TV today. In part, Rapp said the global economy is experiencing an "incomplete recovery," though there could be some improvement in 2013.
Additionally, Rapp commented that fundamentals in China remain the same and its growth is going through some "rough spots" right now.
Shares of Caterpillar are lower Friday, down about 0.3 percent.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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