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Weakness in Heavy Equipment Manufacturers Creates Dividend Growth Opportunities

from Seeking Alpha

Cummins cited weak demand as a result of weak economic data adding uncertainty to the direction of the markets, and causing companies to delay capital expenditures. Cummins said that the markets most affected by the soft demand were the North American Heavy Truck market and the International Power Generation Markets. Cummins also announced it is taking actions to reduce costs, such as planned workweek reductions and a workforce reduction of 1000-1500 by year's end, while continuing to maintain investments in growth programs. more


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