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A tentative agreement was reached on a new contract with the union representing workers at four Caterpillar facilities.
The deal with the world's largest construction equipment maker over wage increases and other issues, possibly averted a strike.
The current six-year labor contract ended March 1.
Workers had threatened a strike for wage increases, improved safety measures and better healthcare benefits.
CATERPILLAR EARNINGS SHOW SALES UP 20% ON STRONG DEMAND