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March 17, 2010


Terex Plans to Fix Struggling Construction Equipment Division



November 13, 2009


Terex Corp. (TEX) is focused on restoring profits from its construction equipment unit after the business attracted little interest from potential buyers, Chairman and Chief Executive Ron DeFeo said Thursday.

DeFeo said the construction unit includes some of the company's weakest product lines. The unit's third-quarter sales plunged 56% from a year earlier and the operating loss reached $59 million.

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[From Dow Jones via CNN Money]


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March 17, 2010


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