CATERPILLAR RAISES PROFIT FORECASTS

CATERPILLAR, the world's largest maker of construction equipment, raised its 2012 profit forecast yesterday and said the global economy was slowly improving amid pockets of weakness. For the second quarter, Caterpillar reported a profit of $1.67bn, or $2.54 per share, compared with $1.02bn, or $1.52 per share, a year earlier.