Caterpillar Retail Sales Drop 7% Globally

Caterpillar Inc. (CAT) announced global retail sales dropped at a slower pace in the three months through May as Latin America improved.

Total machine retail sales fell 7 percent from the same period a year earlier, smaller than the 9-percent drop in the three months through April, the Peoria, Illinois-based company said in a filing.

For more about Caterpillar's retails sales...