Business News

Caterpillar Profits Way Up

Sales of previously owned homes jumped in March by the most in four years. Purchases increased 6.1% to a 5.19 million annualized rate. Houses were snapped up in 52 days on average, the fastest since July. Realtors say that 40% of homes sold in March were on the market for less than a month. (Bloomberg)

Caterpillar reported a higher quarterly profit despite a dip in revenue, citing a boost from the strong U.S. dollar on imported goods, especially from Japan, and a gain from the sale of a business. The world's largest construction and mining equipment maker reported profits of $1.11 billion, up 20% from a year earlier. (Reuters)

3M reported first-quarter profits of $1.2 billion. The maker of Post-it notes, industrial coatings and ceramics posted revenue of $7.58 billion. The stock has risen 19% in the last 12 months. (AP)

Procter & Gamble reported a quarterly profit of $2.15 billion. The world's largest consumer products maker posted revenue of $18.14 billion in the period. P&G shares have dropped nearly 9% since the beginning of the year. (AP)

Ten years ago today, YouTube was born, when co-founder Jawed Karim uploaded and starred in the site's first ever video, titled: "Me at the Zoo." (

On Air Now

John Kruse
John Kruse
6:00am - 7:00am
American Outdoors Radio



News Disclaimers