Caterpillar CEO says U.S. should be careful with protectionism

05/13/2010 | Reuters

Caterpillar CEO Jim Owens said that any laws that would prohibit Chinese or other foreign companies from buying U.S. firms would be detrimental to the nation's business sector. Owens said there are several heavy equipment manufacturers that could be available at reasonable prices for foreign investors. "We can't play this thing where we're going to be able to invest in and buy in their country and we're not going to invest in and buy in our country," he said.

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