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Non-Tech : Another Investment forum
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From: Peter Dierks10/21/2009 11:13:16 AM
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OCTOBER 21, 2009.Business Spending Looks Up
Caterpillar, Parker Hannifin Are Latest to Predict Rising Sales; Investment Uptick Seen

BY TIMOTHY AEPPEL, CARI TUNA AND JUSTIN LAHART
Big companies that sell to corporate customers are growing more bullish about their prospects for 2010, a sign that a revival of business investment could buoy the sluggish U.S. economy in coming quarters.

Reporting on results for the latest quarter, bulldozer maker Caterpillar Inc. and hydraulic-parts maker Parker Hannifin Corp. on Tuesday joined a chorus of companies that are saying the worst of the recession is past and customers are buying anew rather than simply drawing down inventories.

An upturn in spending by businesses or indications that companies are raising investment plans would be significant. Business spending on equipment, software ...

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