Caterpillar Jumps 4% as China Approves Big Construction Spending Plans
September 07, 2012 at 13:07 PM EDT
Caterpillar (CAT) is up 4.2% this afternoon even as the broader market is basically trading flat. The company appears to be rising on news that China will ramp up its infrastructure spending with a plan to spend $157 billion on 60 new projects. The National Development and Reform Commission announced the approvals today ahead of [...]