Caterpillar CEO predicts economic recovery.

Caterpillar CEO predicts economic recovery--Caterpillar CEO Jim Owens believes there will be renewed growth in the U.S. economy by 2009, due to the actions taken by Congress and the Federal Reserve in the early part of 2008. Although Caterpillar's 2007 sales decreased $3.5 billion in North America, worldwide demand produced record numbers for the company. Owens said Caterpillar will invest $2 billion over the next five years to build new plants in developing countries, with special focus on small- and medium-sized equipment. (Reuters/ The Guardian/OPEI SmartBrief)