Caterpillar cuts profit outlook as China construction sales slump

(Reuters) - Industrial bellwether Caterpillar Inc reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline.The Illinois-based machinery maker, famous for its black and yellow diggers and earthmovers, also said the impact on its business from Beijing and Washington's tit-for-tat trade tariffs would now be lower than previously forecast. However, it said that..