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Caterpillar, 3M Flag Falling Sales to Businesses [Video]

Big manufacturers are logging lower sales to businesses ranging from cruise-ship builders to medical offices, as the coronavirus pandemic continues to drag on economic activity across the globe.

Caterpillar Inc. said Tuesday that revenue fell by at least a fifth in the latest quarter in each of its three global segments: construction, mining and energy and transportation. 3M Co. said sales were down in about half its business lines from a year earlier and that demand for its products for nonemergency medical and dental procedures…

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