Caterpillar is buying $1.5 billion of its common stock. It's part of an effort by Cat to return capital to stockholders despite sagging global economic conditions. Cat CEO Doug Oberhelman says the company also raised its quarterly dividend by 10-percent. The move comes as Caterpillar reported a decrease in second-quarter profit compared to the same time last year.
Caterpillar buying $1.5 billion of its own stock
