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CMI Cummins Inc

273.502
-8.23 (-2.92%)
Last Updated: 17:21:10
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cummins Inc NYSE:CMI NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -8.23 -2.92% 273.502 282.55 273.04 282.00 270,833 17:21:10

Cummings Inc's Incoming CEO Expresses Recession Fears - Report

17/10/2011 12:00am

Dow Jones News


Cummins (NYSE:CMI)
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The incoming chief executive of Cummings Inc. (CMI), Tom Linebarger, said some nations in Europe may currently be in a recession, and fears the U.S. could be in one as well, The Financial Times reports on its website Sunday. He said it "wouldn't surprise me to find out that the U.S. is already in negative growth," adding "The U.S. is already weak. If Europe gets a bad cold, the U.S. will get much sicker," the FT said. But he also said he was optimistic over the long-term, the FT reported. "I don't think the next six to nine months are going to be terrific, but if you look out over four or five years, I think it's going to be good over that time," he told the FT.

Newspaper website: www.FT.com

-Dow Jones Newswires; 212-416-2800

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