China Mining Pullback Hits Caterpillar's Asia Sales

Continued downward pressure on Asian miners caused a dip in retail sales for Caterpillar Inc. (NYSE:CAT) in the region. The world's biggest maker of construction and mining equipment reported that its Asia-Pacific region dealer sales fell in the period of March to May of this year, down 30 percent from the same period a year earlier, after falling 25 percent in the three months through April.