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Birkenstock plans to step into stock market: reports
Birkenstock plans to step into stock market: reports
Business and Economy
by  AFP

The owners of Birkenstock are planning an initial public offering as soon as September that could value the German sandal maker at more than $8 billion, reports said Tuesday. Birkenstock and L Catterton declined to comment when contacted by AFP about the plans for the IPO, which were also reported in the Financial Times.

Caterpillar results boosted by strong demand, pricing
Caterpillar results boosted by strong demand, pricing
Business and Economy
by  AFP

Caterpillar reported strong second-quarter profits Tuesday behind robust demand for industrial equipment and an improving cost environment that boosted profit margins. Profit margins topped estimates due to improved volumes and lower manufacturing costs, including freight, Umpleby said.