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CHICAGO - Caterpillar Inc , the world’s top maker of earth-moving equipment, diesel engines and gas turbines, posted higher quarterly earnings on Friday but missed analysts’ expectations, and cut its full-year earnings outlook. Its shares fell more than 5 percent.

HAVANA - State-owned Dubai Ports World, which relinquished control over six United States ports in a political firestorm last year, is studying plans to construct a container terminal in the Cuban port of Mariel, business sources has said.

NEW YORK -Caterpillar Inc.’s warning that the housing slump was infecting the wider economy sent United States stocks tumbling by the most in more than two months on Friday, in a drop that was made more unnerving as it marked the 20th anniversary of the 1987 market crash.

NEW YORK - A United States real estate investment trust sued HSBC Holdings’ broker-dealer unit, alleging it took advantage of the credit crisis to profit at the expense of the fund.

NEW YORK - Oil prices receded on Friday as dealers took profits from a record rally over $90 a barrel that was spurred on by winter supply worries and the weakening United States dollar.

WASHINGTON - Global finance chiefs sought on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.

NEW YORK - Rupert Murdoch sketched out his plans for the Fox Business Network on Friday, saying he will spend years nurturing the new channel to win over more than half of the business news audience.

DETROIT - Daimler AG is very close to announcing a joint venture with an Indian partner to produce commercial trucks for the Indian market, a senior Daimler executive has said on Friday.