Big company watch. (Trade Talk).Latin American sales in US$ millions as of June 30, 2002 DEAR SHAREHOLDER... * CATERPILLAR caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. Strong Latin American results, behind bus and truck engine sales, offset flagging North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. revenues for this heavy equipment manufacturer. Operations in Mexico and Brazil benefited the most, but Caterpillar expects curtailed future revenues in the region. * UNILEVER This home and personal-care products company has been posting impressive gains. Even in Argentina, where the market declined in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with consumer income, Unilever's share held steady. Global procurement The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. and aggressive price increases bolstered the results. * CARREFOUR This French supermarket chain was hit by currency devaluations Currency devaluation A deliberate downward adjustment in the official exchange rates established, or pegged, by a government against a specified standard, such as another currency or gold. in Argentina and Brazil but saw its stock jump when the International Monetary Fund announced US$30 billion in aid for Brazil. The world's second-largest supermarket operator predicts lower costs will help future earnings. [GRAPH OMITTED] |
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