caterpillar may have been helped by competitor joy global. a weaker dollar last quarter helped its international business. earnings were well above street estimates. margins improved and its outlook for 2011 came in better than forecast. all that is a pretty bullish recipe, the stock jumped 7% on that guidance. this is joy global's highest stock price since the commodity boom in the middle of 2008. we have gotten 2011 forecasts from several big manufacturing conglomerates in the past 24 hours, but not all of the outlooks have been greeted with stock buying. here's a trio we've been watching. honeywell dropped almost 2%. its profits and sales forecast did not provide any upside surprise. g.e. lost 1%. it thinks its industrial business will re-start growth next year and the following year. danaher was able to find buyers as it raised its quarterly forecast thanks to emerging markets. danaher makes craftsman tools for sears and other tools. they're probably not popping champagne at boston beer company tonight, but rather sam adams beer. the occa

you would have to have a baby stroller and was assigned by caterpillar to be able to support it and carry it. it is a very real issue. there was a meeting at the planning commission where they took up this issue and unanimously approved it. there was an individual that is here today and i will paraphrase this. use of the right of way makes sense because using [chime] using existing clutter is in the streets today, and we are just adding to it. i urge you to support this legislation and these amendments. >> i am somewhat surprised that this thing about the polls and everything, they are cutting down their polls. concerns about the beautification, i appreciate the legislation of the staff. we have the worst cellphone service around. i guess because we don't have these devices much anymore because everything is underground. everything about it, we have a hard time calling the police. i am hoping you are considering this legislation and consulting in all of the emergency people that need to be involved with this conversation concerning the areas that don't have these devices. it is hard for u

thatelped o companies like chevron and mining related companies like caterpillar drive the dow higher. the nasdaq saw an eight-day winning streak end, but app closed slightly higher, up 53% for the year. >>> one spot on wall street was head hot. mergers and acquisitions. general electric, the current owner of this network, rose after confirming it would buy british oil field services company wellstream holdin for $1.3 billion. dell fell almost 4% after sweetening its cash offer for the network storage company compelant. thermo fisher will acquire dionex for $2.1 billion. keep an e on yahoo! today. reports say the internet portal will lay off about 600 employees, about 5% of its workforce, as early today. elsewhere, moody's warned due to the increased debt it would bring on if president barack obama's tax benefits package becomes law, it may cut the united states aaa bond rating. >>> data released mnday by the government shows u.s. airlines packaged $473 billion in fees is year. >>> finally, a scientist helped one man recover $2.3 billion he dropped into his factory's shredding machine

big companies like caterpillar, general electric, harley davidson, mcdonald's and verizon borrowed money as the credit market seized up during the financial crisis. and it's gmail for the g.s.a. the general services administration will use google's gmail for its 15,000 employees. google partnered with unisys on the contract, worth almost $7 billion over five years. still ahead, tonight's "street critique" guest is looking for merger targets in health care. hilary kramer of gamechangerstocks.com. >> susie: is the u.s. ready to cut its huge deficit? even the president's special deficit commission can't seem to agree. the group released today a sweeping plan that could change the way the u.s. spends money and collects taxes. now while there's heated debate about what to do, darren gersh reports on what the deficit- cutting measures could eventually mean for you. >> reporter: let's start with investors. if you own a stake in companies that do a lot of business with uncle sam-- think defense contractors, health care providers, consultants, telecom companies-- you should know a very big corpor

what it makes well and we should make what we make well, all our high-tech products made there caterpillar taking american factories, moving them over there, making the tractors there, china rigs trade. barack obama talked about this when campaigning in indiana and he talks about it to the chinese there are things that he can do and he has said so much but he never takes any action. why? mr. black, those big banks in new york have that strangle hold on washington, goldman sachs, jp morgan, the modern day mr. potters are keeping our president from doing the right thing. >> well, the big banks have become bigger by failing. right? we now reward disaster. china is rewarding success. >> china subsidizes profitable company, we rewart companies that fail. >> bill what would a banking system that drove job creation and innovation in this country look like and how far away from it are we now? >> you put a negative symbol in front of what we do now that would pretty much be it. right now, we have created massive subsidies for the worst banks to not loan to productive purposes to not loan to people

that helped oil companies like chevron and mining related companies like caterpillar drive the dow higherthe nasdaq saw an eight-day winning streak end but apple still closed slightly higher up 53% for the year. one spot on wall street was red hot. mergers and acquisitions. general electric, the current owner of this network rose after confirming it would buy british oil field services company wellstream holdings for $1.3 billion. dell fell almost 4% after sweetening its cash offer for network storage company compe compellent and they rememberofisher buys die joenex. yahoo! will lay off 5% of its workforce as early as today. >>> elsewhere, moody's warned due to the increased debt it would bring on if president barack obama's tax and unemployment benefit package becomes law it may cut the united states' aaa bond rating. >>> data released monday by the government shows u.s. airlines collected more than $4.3 billion in baggage and ticket fees so far this year. some of it mine with delta pocketing the most. >>> and finally a forensic scientist nicknamed the jigsaw expert helped one very lucky

and on one last topic, caterpillar. they just issued a bunch of bonds for the first time in non- currency, which is the currency of china, bonds. host: next call to his foreign debt. .aller: i'm a veteran calling please let me make a comment. i want all our veterans to get together. i feel like all of those guys out to be taking drug tests. they're playing with our lives. they're playing with unemployment. gives the president's top 1% that tax bonus i will never vote for the president again. host: thank you for your call. greenway, wisconsin. paul is next, an independent. we're talking about the details of the fed loan during the height of the financial crisis. caller: good morning. i was really shocked about this when it came out, and i'm glad it came out. us doling out money to foreign banks, i mean, where does it stop? this is ridiculous. host: next call from port charlotte, fla., john is a republican. caller: i would like to reiterate again that ron paul is really responsible for this information that is coming out.

agco stock added almost 4%, deere rallied 3%, and caterpillar was up more than 1%. but all three stocks are at new 52-week highs, and all rallied on twice their usual volume. the utility sector was the biggest drag on the overall market, but natural gas utility nicor jumped, thanks to a deal in the works that would create one of the nation's largest nat gas distributors. agl resources is buying nicor for $2.4 billion in cash and stock. the combined companies would have 4.5 million customers in seven states. nicor shares rose $2.03, or 4%, to $48.79 agl stock fell $2.15, or almost 6%, to $34.98 women's apparel retailer talbots checked in with better than expected profits coming into the holiday season. earnings came in two cents ahead of estimates. the earnings per share dropped from a year ago because there are more shares trading compared to last year. the stock dropped 23% on more than ten times its usual volume. has been on a tear this year. it hit over $200 a share at the end of november. the stock, though, was down about 4% after hours on the executive resignat

industrial supply caterpillar benefited most it's up almost two percent this hour what the nasdaq has swung into the red in the last few moments as concerns remain on european debt. for markets around the world the most six had a late spurt to close in the black. bank credit suisse and morgan stanley. yes and of a potential merger of moscow's says. some energy stocks lost for the ground gluco with almost a percent of the roys in u.s. fuel stockpiles push light sweet eighty eight dollars a barrel. plus the second largest bank says it could buy a controlling stake in bank of moscow which is the country's fifth largest lender in the first half of next year the deal will become v.t.c. thirteenth purchase in recent years. in economic news the russian industrial production rose six point seven percent in november beating forecasts but the economics ministry has cut its full year expectations for g.d.p. growth from four percent to three point eight despite saying it now thinks the average price will be higher than previously thought at seventy seven dollars and fifty cents. is business to jo

banks were teetering on the edge but many of america's major corporations including mcdonald's, caterpillar, general electric and more. the fed issued $9 trillion, that's with a "t," $9 trillion in short-term loans to american banks and corporations. our next guest led the fight to force the federal reserve to reveal exactly how much money it handed out and to whom. joining us in the exchange tonight, senator bernie sanders of vermont. it was his plan that required the fed to go public on all its emergency lending. senator, thank you for joining us. congratulations. you are in many respects a true american hero tonight. you have revealed $9 trillion in taxpayer spending. how does that feel? >> well, i think, eliot, what we have begun to do is lift the veil of secrecy at one of most important agencies and that is the federal reserve, of which the american people know very little. and i think what you are seeing is the incredible power of a small number of people who sit on the fed who, in my view, have incredible conflicts of interest getting incredible help from the taxpayers of this countr

workers from companies as i mentioned in my one-minute speech like caterpillar, john deere, whirlpool, and others, companies in my state of california but have the chance to have union members, union and nonunion workers have opportunities that don't exist today because we haven't opened up these markets. so, mr. speaker, it seems to me as we look at the challenges that are lying ahead, the notion of saying we are going to continue funding at the levels that created a 91% increase in nondefense discretionary spending, that we are going to continue the funding levels that have created that obviously failed $787, if you add interest and all, it's a trillion dollar stimulus bill which has been decried as having failed from people all across the political spectrum, and if you look at the notion of our denying the american people a chance to have their proposals heard through their elected representatives with the kind of free flowing debate when it comes to the notion of trying to bring about reductions in spending is just plain wrong. so that's why i'm going to urge my colleagues, mr. sp

the gentleman mentioned a caterpillar.caterpillar can build something that can compete with other companies, then mexico is pretty vital to our competitiveness. i don't seek drastic changes, again, unless that security is thrown into the process. it is a very of vital relationship. i think what we oftentimes overlook. host: and vivian is on a line for democrats. caller: thank you. mexico had that big sale when we opened up china. there is a lot of american expatriate's moving down to the south america's for the costs and taxes and things like that. i see a lot of americans moving down to the yucatan peninsula, places like that. do they feel in danger down there? they are moving into nicaragua, panama. i was wondering, do they feel in danger down in the south american countries, these expatriates' moving down there so's their dollars will stretch further? guest: i don't think you will find a lot of people moving to places where many of the drug cartels are active. one of my colleagues retired down in mexico. he keeps on the

the ceo from the railway and secretary of transportation from california or representatives of caterpillar. basically an all-star team located in the same issue of. i mention this not because -- there has been discussion of many issues for many years. at this stage everyone has gotten the idea that something has to be fought about visually or schematically about how we are going to handle this. the question is whether to have trade policy or think about these things in a more organized way that favors business and the ability to manufacture and do business in this country but what the solution sets will be. we are organizing meetings where people bring their ideas. we will take this back and build it into the debates in washington. what this means in more concrete terms which gets to some of the things going on internationally is this whole question of which revision we should have for facilitating the movement in the united states. i had the good fortune in september, some months we had, to visit with the german government and the eu as part of a larger fact-finding mission organized by t

harley davidson, mcdonald's, general electric, caterpillar.ans, my co-host, joins me from new york. we reported on this at the time. we didn't know where the money was going. we reported a major change for the first time ever in the history of the federal reserve, they had announced they will be the banker of last resort. if companies need much and the credit markets have frozen up, because when mcdonald's and ge need money they don't walk to the local bank and ask for a loan. it has to map in this international credit market. it wasn't happening. the fed became the banker of last resort. >> not just the central banks of the united states, the u.s. central bank, became the central bank to the world. look at barclay's enand ubs. this is a fed more aggressive than we've ever seen. we've never seen a central bank take on such responsibility. the fed would say we averted a great depression because the fed was moving quickly getting an awful lot of money into the system. we' detractors will say this amounted to another bailout to wall street. all o

[applause] and when caterpillar recently decided to build a plant in this community, they told president green one of the main reasons was the work convinced forsyth tech had the capability of providing them with the technical work force that they need. [applause] that's something everybody in this room should be very proud of and i know that business leaders from throughout the community have looked intensively with president green have others to help make this happen, and i know that your congressional delegation as well as your governor have worked hard to make this happen. now none of this progress had been by itself and had links to the hard work of students here at forsyth. commitment of local leaders local business leaders, most importantly it happened because there was a decision made to invest in the collective future of this community. it happened because there was a decision in this called leche and there were loans, scholarships that made it affordable to go here. to invest in the basic research and development that helped jump-start north carolina's buy utech industry, to in

our big companies, caterpillar, dupont, intel -- it tinkers them to set up their manufacturing abroad need to reform the corporate income tax. that is the kind of change we need to make to bring manufacturing back to america. caller: you would agree then that our biggest problem is jobs and people paying taxes guest: absolutely critical arco bouquet. it does not take a genius to figure this out. what we need to do as a country -- listen up, america. do it as a first-come basis. that would save a bunch of money. the next thing we need to do -- anybody that makes anything out of a country, you need to tax them to death or either bring jobs back. don't buy it. would you agree to that? we cannot do that either. we would rather take care of everybody else. you caught all of our social programs. host: johnny, we are going to leave it there. guest: i think the best economic program is strong economic growth, and i think we get that by encouraging the private sector to invest and to expand. i think there are a lot of federal activities now that discourage the private sector from investment. i

jobs can be created for caterpillar workers, for john deere workers, whirlpool workers in this country if we can open up the markets within this hemisphere. union and nonunion jobs will be created. we need to move now. with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. for what purpose does the gentleman from massachusetts rise. mr. lynch: i ask unanimous consent to address the house. revise and extend. the speaker pro tempore: without objection, the gentleman is recognized for one minute. mr. lynch: thank you, mr. speaker. later on today, mr. speaker, we will address this bill which would award a tax cut for the richest 2% of americans. and it's important that we understand the context in which this bill is being addressed. in this current year we have taken in -- the government has taken in $2.4 trillion in revenue, but we have spent $3.7 trillion. and so we have a deficit of $1.3 trillion. if this bill passes, it will add almost $1 trillion to our national debt. at current rates by the year 2040, the interest on

if you are a major american corporation, like general electric, or mcdonald's or caterpillar or harleydavidson or verizon, no problem. you are going to receive a major handout from the united states government. but if you are a small business in vermont, or in california, or virginia, well, guess what? you're on your own. because right now we know that one of the real impediments to the kind of job creation that we need in this country, is that small businesses are not getting the loans they need. furthermore, what we now know is the extent of the bailout for the large financial corporations. goldman sachs received nearly $600 billion. morgan stanley received nearly $2 trillion. citigroup received 1.8 trillion. bear stearns received nearly a trillion. merrill lynch received $1.5 trillion in loans from the fed. what is most surprising for the american people is not just the bailout of wall street and the financial institutions and the bailout of large american corporations, like general electric, but i think the american people would find it very strange that at a time when the american

being in asia and developing countries, how will we take anything other than agricultural good and caterpillar tractors? there is a lot of microeconomics that is an obstacle in some respects to achieving the president's objective. thinking about policy, i certainly didn't find anything to disagree with jim mcnerney. the ability of our exporters to shape the growth abroad. also, frankly, in a world where the competition is as much about capital talent and ideas rather than pure market share, the ability to be the system's integrator of the supply chain. we try find a niche in a globally competitive market, trying to find capital rather than forcing capital offshore seems to be the thing to do. the sad thing is for anybody who is a c.f.o. or tax manage, if you asked them, they would not incorporate the united states if they were launching a business, they would incorporate elsewhere and take advantage of the fact that only their i can in the united states would be taxed at a corporate rate rather than worldwide income. the whole system is designed in a way that is a very powerful lever like barr

if you are a major american corporation like general electric or mcdonald's or caterpillar or harvey davidson or verizon, no problem; you are going to receive a major handout from the united states government. but if you are a small business in vermont or in california or virginia, well, guess what? you're on your own, because right now we know that one of the real impediments to the kind of job creation that we need in this country is that small businesses are not getting the loans they need. furthermore, what we now know is the extent of the bailout for the large financial corporations. goldman sachs received nearly $600 billion. morgan stanley received nearly $2 trillion. citigroup received $1.8 trillion. bear stearns received nearly $1 trillion. and merrell lynch received some $1.5 trillion in short-term loans from the fed. but i think what is most surprising for the american people is not just the bailout of wall street and the financial institutions and the bailout of large american corporations like general electric, but i think the american people would find it very strange t