Caterpillar: Chanos, Jefferies See Disappointing Earnings Ahead

Dim remarks from a famed short seller and analysts at Jefferies are pushing shares of Caterpillar (CAT) lower today. In an appearance today on CNBC, Jim Chanos, founder of Kynikos Associates, sounded downbeat on Caterpillar, saying its mining and energy businesses are more and more challenged, and the heavy-equipment maker’s earnings will disappoint. Meanwhile, analysts [...]