Updated from 9:58 a.m. ESTGoing hungry at home, Caterpillar ( CAT) moved its fourth-quarter feast abroad. The industrial bellwether reported an 11% jump in fourth-quarter earnings on Friday, thanks to strong growth in overseas markets. In the U.S., the company said it expects "recessionary conditions" to continue. "A recession is defined as a broad downturn in the economy, a development that seems to be taking place," said the company in a press release, noting that economic conditions are superior in "most of the rest of the world."
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