Cummins Cutting Jobs as 3Q Income Falls 10%

Columbus, Ind.-based Cummins Inc. says a slowdown in global markets is leading to the decision to cut up to 2,000 workers, mostly by the end of the year. Cummins reported third-quarter net profit of $380 million or $2.14 per share, down more than 10% from $423 million or $2.32 per share a year earlier. Revenue […]