NEW YORK (MarketWatch) -- Caterpillar Inc. said Monday its fourth-quarter profit fell 55% to $697 million, or $1.04 a share, from $1.55 billion, or $2.32 a share, in the year-ago period. The latest quarter included a previously-disclosed goodwill impairment charge of 87 cents a share. "Lower sales and revenues and the cost impact from sharply lower production and the $2 billion decline in Caterpillar inventory also had a negative impact on fourth-quarter profit," the company said. Caterpillar also booked a $300 million positive impact related to a tax settlment. Revenue dropped 7% to $16.08 ... Read More