of kimberly clark. kimberly clarke, the world's top maker of personal products. and next is mr. gregory lang, the president and c.e.o. from the manufacturing company and president and c.e.o. of caremark corporation the leading drugstore chains and providers. gentlemen, you probably know the rules statements will automatically be included in the record and we encourage you summarize your statements. about five or six minutes, and i also encourage you to be candid. life is short. let's make the most of this. ok? [laughter] >> all right. mr. duke, why don't you begin. >> chairman baucus, ranking member hatch, members of the committee, i appreciate the opportunity to testify today. we you are intelligently need modernize our tax code, and i thank you for taking on this issue. the ultimate outcome must be a strong, vibrant, job-creating u.s. economy. i hope all of you know your local wal-mart store back in your home state, but let me start with the company we run out of arkansas. every week we serve 106 million unique customers. about 1/3 of the u.s. population. the business model th

must grow -- 104 years, kimberly- clark must grow. to do this, we need a tax system that is competitive with our global competitive -- competitors. we need a tax system that does not penalize us for making money outside the u.s. mr. chairman, this is an important debate. many businesses face critical decisions about future investment and growth. you and your colleagues have an opportunity to create a level playing field for u.s. businesses to compete and win on a global basis. they do for giving me the opportunity to share my views on a tax system that supports american companies and that enables the growth of the american economy. and i am pleased to take any questions you may have. >> thank you, mr. falk. >> chairman, ranking member, others. we are a leading semiconductor innovator that move and store digital content. wheeler also a member of the semiconductor association and part of a tax reform working group. so i can offer a perspective. i would like to think the opportunity for presenting our views on how the tax code can provid

kimberly-clark will be 140 years old in 2012. we have been around through lots of different tax systems and grow our company through the years. through the years, we have been providing consumers with the essentials for a better life. we estimate that one out of every four people around the world use our products every day, and they buy lots of them that wal-mart and cvs as well. i would expect that everyone in this room has used a kleenex or change a diaper at some point in time in their lives. we will not ask for a show of hands. we are also a leading provider of safety products that help protect workers in the environments in which they work. also, if you have been in hospital, you would find that medical professionals count on kimberly-clark for products essential to the health and hygiene of their staff. so our company touches people's lives in many parts of the economy. our consumers live in more than 150 countries, so we have to have a global presence to serve them. because many of the products we sell are lightweight, bul

kimberly-clark dropped 2% on a doubtful profit forecast. hospital operator hca tumbled 19% after reporting short of expectations. >>> newport cigarette maker lorillard fell after a poor forecast. research in motion fell more than 4% after announcing a cut of about 2,000 jobs. e-trade jumped 6% on a report rival td ameritrade made a bid for the company. netflix dropped steeply on short revenue and subscriber concerns. texas instruments rose after closing because despite citing slow orders, its outlook wasn't as bad as many feared. also late, despite turning a quarterly profit for the first time since 2008, u.s. steel fell on a sales drop and a pessimistic forecast. >>> finally, one japanese department store is selling a box lunch for $229,000. the meal is just meat, fish, and root vegetables, but it comes in a three-tier 18-karat three-kilogram gold box. just a wooden box is fine with me. >>> well, football will soon be flying. baseball, giants visits the white house, and the padres field home. plus, it wouldn't be a dream reception in the n

earnings steady bright spot were no help monday, kimberly-clark dropped 2% on a doubtful profit forecast>>> hospital operator, hca, tumbled 19% after reporting short of expectations. newport cigarette maker, lorillard fell after a cautious growth forecast. research in motion fell more than 4% after announcing a cut of about 2,000 jobs. e-trade jumped 6% on a report that rival td ameritrade may bid for the company. >>> after the bell, netflix dropped steeply on short revenue and subscriber concerns. >>> texas instruments rose after closing because despite sliding orders, its outlook wasn't as bad as many feared. >>> and for the first time since 2008, u.s. steel fell on a sales drop and pessimistic forecasts. >>> and finally, one japanese department store is selling a box lunch for $229,000. the meal is just fish, meat and root vegetables. but it comes in a three-tier, 18-carat, 3.3-kilogram gold box. that lunch box is a lunch fit for a king. >>> baseball's giants visit the white house and a padre steals home. plus it would be a dream reception in the nfl or fantasy alley-oop of the nba. y

the guy sitting right here was the cio of kimberly-clark, an old friend of mine. so i asked him how many servers per employee he had, and he said we had 0.4 and headed for 0.2, proudly. ok, who do you think is sitting at 30 to one? facebook. would you think is sitting at 50 to one? for your technical people in the room, do you think they are operating inefficiently? no, i do not think so. furthermore, do you think that they are using all those servers to serve up web pages? no. right? these are truly information- power businesses. at the end of the day, my opinion -- lots ofpe

the guy sitting right here was the cio of kimberly-clark, an old friend of mine. so i asked him how many servers per employee he had, and he said we had 0.4 and headed for 0.2, proudly. ok, who do you think is sitting at 30 to one? facebook. would you think is sitting at 50 to one? for your technical people in the room, do you think they are operating inefficiently? no, i do not think so. furthermore, do you think that they are using all those servers to serve up web pages? no. right? these are truly information- power businesses. at the end of the day, my opinion -- lots of people may share this -- is all companies and that being information companies. all companies and of being software companies. i just did he know speech for a large german car company that you may know, that is clearly when you start realizing what they are trying to do, right -- it is really can we use all this cloud technology to takeoff structures down and across this down so now, i can change and 8% spent on a bunch of stuff that other people can go due to 80% i get to build applications,

the kimberly clark cap reported their second-quarter earnings dropped sharp, an 18% jump in profits. re setting to drive these with price hikes. dim berly clark makes scott papers -- kimberly clark makes scott papers, huggies 'typers. >>> new ice cream lovers you have a new reason you want to donate blood as of today. the american red cross is offering a pint of dr -- the program runs through the end of the month. the offer applies to locations at five bay area red cross centers. they are the ones in san jose, oakland, pleasant hill, newark hand pleasanton. >>> a landmark is closing. 31 years to the day it opened. the theater's long time owner say this is an error of streaming video. and the red track do not traffic moviegoers. >>> still ahead, a bush prior raising in system. >>> sand >>> and what's happening today that could answer the daes about amy white -- the questions about aimy whitehouse's death. >>> welcome back. more than 1,000 firefighters are fighting a brush fire that's burned almost 11,000 acres in san diego county. the fire started thursday on the los kye yotis indian r

companies like walmart which will be represented by their ceo, michael duke, thomas faulk from kimberly clarknd larry merlot with cvs. they have a lot of people working for them and a lot of people do business with these companies. today they're looking attackses and how that affects business and hiring. this is relevant to a lot of people's lives lives, maybe more so than the debt ceiling. it seems like more and more the debt ceiling is getting into the vernacular every day, people starting to talk about this more. >> some people are giving up on talking about it altogether. why not rap about it? a rapper tells washington to raise the debt ceiling. let's listen to this together ♪ raise the debt ceiling ♪ raise the debt ceiling >> he's keeping the message simple, tim. >> yeah, he is. he's cumulonimbus, from what i understand, he makes it rain. that's one of the signs that -- when you get a rap song like this, grand master ali, in the american vernacular, once you've done that, you've probably hit a mainstream issue. i'm not sure if it's going to be on the hot 100. >> pretty phat, tim, p-h-a-t

." >>> kimberly, 12 years old, saw her mother standing in the living room of their house on clark streetidaho. behind the bedroom door, her step-father was in a stupor, induced by the very sleeping pills kim said her mother had sent her to buy. now, said kim, she heard her mother say -- i'm ready. >> she told me to go in the bedroom, which i didn't like, because we weren't allowed in there. if she had been in there prior, checking on him and whatnot, at some point had put him on the floor on a sheet. and i really didn't know exactly how she was going to do it until i walked in and saw the gun at the end of the bed. and she went over and turned up the stereo really loud and she said it would cover the noise. first, she asked me to pull the trigger. >> reporter: she gave you the gun? >> no, no, she was holding it. >> reporter: she was holding the gun. pointed at him. >> right. >> reporter: where at him? >> at his chest. then she said, well, help me pull the trigger. and i basically refused to do it. and i started screaming at her, what do you want? what do you want from me? what do you wan