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Caterpillar 4Q sales slip, but results top Wall Street

Caterpillar 4Q sales slip, but results top Wall Street

Caterpillar’s fourth-quarter sales dropped 15% as an unchecked pandemic continued to sap demand for big machinery, but the damage was not as bad as most had expected. Sales were $11.24 billion, down significantly from last year's $13.

Report: Mexican economy shrinks 8.5% in 2020

MEXICO CITY — Mexico’s pandemic-hit economy shrank 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction. Mexico’s gross domestic product grew 3.
German financial oversight head out after Wirecard scandal

German financial oversight head out after Wirecard scandal

BERLIN — The head of Germany's financial supervisory authority will leave the job as the agency is reorganized in the aftermath of the accounting scandal at payment systems provider Wirecard, the finance ministry said Friday.
Bombardier says net proceeds from deal with Alstom lower due to market conditions

Bombardier says net proceeds from deal with Alstom lower due to market conditions

MONTREAL — Bombardier Inc. reported lower-than-expected net proceeds from the sale of its rail business to Alstom, attributing the decline to the division's lower cash generation in the fourth quarter.
US contract signings to buy homes hits record for December

US contract signings to buy homes hits record for December

SILVER SPRING, Md. — The number of Americans who signed contracts to buy homes declined slightly for the fourth straight month, but it was still a record high for December. The National Association of Realtors' index of pending home sales dipped 0.
US consumer spending fell 0.2% in December in face of virus

US consumer spending fell 0.2% in December in face of virus

WASHINGTON — U.S. consumers slowed their spending by 0.2% in December, cutting back for a second straight month in a worrisome sign for an economy struggling under the weight of a still out-of-control pandemic.
Sea shanties are having a moment amid isolation of pandemic

Sea shanties are having a moment amid isolation of pandemic

PORTLAND, Maine — There once was a tune that tickled the Internet's fancy/When TikTok revived the humble sea shanty/The views came fast, the fad could last/Go, read about it go: ___ People are stuck at home, toiling away, getting bored, going stir cr
Liquid nitrogen leak at Georgia poultry plant kills 6

Liquid nitrogen leak at Georgia poultry plant kills 6

GAINESVILLE, Fla. — A liquid nitrogen leak at a northeast Georgia poultry plant killed six people Thursday and sent 11 others to the hospital, officials said.
Judge OKs extradition of 2 wanted in ex-Nissan boss' escape

Judge OKs extradition of 2 wanted in ex-Nissan boss' escape

BOSTON — A U.S. judge on Thursday cleared the way for the extradition of an American father and son wanted by Japan for smuggling former Nissan Motor Co. Chairman Carlos Ghosn out of the country while he was awaiting trial. U.S.
California jobless agency was warned of fraud, did little

California jobless agency was warned of fraud, did little

SACRAMENTO, Calif. — Despite warnings, California’s unemployment agency did nothing for four months to stop paying bogus jobless claims, according to an audit released Thursday that blamed Gov.