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How Caterpillar Explains the World

Top Finance News - Wed, 07/25/2012 - 2:35pm
Breaking down Caterpillar's sales by geography tells us about the strange, precarious position the world's in these days.

Midwest Rains Won't Dent Drought, Help Crops

Top Finance News - Wed, 07/25/2012 - 2:35pm
The Midwest, where record amounts of rain fell in some places yesterday, may remain abnormally dry through the first week of August.

Outback Steakhouse Parent Looks To Go Public

Top Finance News - Wed, 07/25/2012 - 2:35pm
The owner of the Outback Steakhouse chain is planning to go public, looking to raise between $279 million and $321 million from an initial public offering.

Facing Congress, Geithner Grilled on Rate Rigging

Top Finance News - Wed, 07/25/2012 - 2:35pm
Timothy Geithner was grilled on Wednesday about the growing interest rate rigging scandal, as lawmakers questioned why he failed to thwart the illegal activity during the financial crisis.

Mega-Bank Creator Sandy Weill Reverses Course, Says Break ‘Em Up

Top Finance News - Wed, 07/25/2012 - 12:40pm
This morning, Sandy Weill casually forsook all that which he once held dear by calling for the break up of big banks.

Fed Stands Ready to Act Sooner Than Later, Market Shrugs

Top Finance News - Wed, 07/25/2012 - 12:40pm
Another round of quantitative easing, focused on buying mortgage-backed securities, is the most likely action the Fed would announce.

Unlimited Vacation Time: The Ultimate Work Benefit?

Top Finance News - Wed, 07/25/2012 - 12:40pm
A number of companies, particularly the Silicon Valley, start-up kind, are moving away from the traditional vacation accrual policy and toward a more employee-friendly unlimited paid time off policy.

Comcast Offers $300 A Month Super-Fast Internet: Would You Pay Up?

Top Finance News - Wed, 07/25/2012 - 12:40pm
The average Internet user pays less than $55 per month for at least 15 megabits per second of data.

New York Times Drops BlackBerry App

Top Finance News - Wed, 07/25/2012 - 12:40pm
Research in Motion's BlackBerry users can no longer use the official New York Times app to read news stories over their devices, in a fresh blow to the maker of the smartphone once considered an essential.

New Home Sales Decline 8.4% in June

Top Finance News - Wed, 07/25/2012 - 12:40pm
Sales of new single-family homes fell 8.4% in June to an annual rate of 350,000 after reaching a two-year high in May.

Companies Say 3 Million Unfilled Positions in Skill Crisis

Top Finance News - Wed, 07/25/2012 - 11:30am
Even with almost 13 million Americans looking for work and 8 million more settling for part-time jobs, almost half the 1,361 U.S. employers surveyed in January by ManpowerGroup say they can't find workers to fill positions.

Apple Stumbles, Hits 'Air Pocket' Until iPhone 5 Release

Top Finance News - Wed, 07/25/2012 - 11:30am
Apple's customers appear to be waiting for the iPhone 5, creating an air pocket that will likely affect the current quarter as well.

Cast of 'Modern Family' Sues Over Contract

Top Finance News - Wed, 07/25/2012 - 11:30am
Five stars of "Modern Family" have banded together and are suing to void their contracts to work on the hit comedy, arguing that the contracts are illegal under California law.

Wall Street Legend Sandy Weill: Break Up the Big Banks

Top Finance News - Wed, 07/25/2012 - 10:10am
Former Citigroup Chairman & CEO Sanford Weill, the man who invented the financial supermarket, called for the breakup of big banks in an interview on CNBC.

Will the VIX Burn Investors Waiting for a Market Crash?

Top Finance News - Wed, 07/25/2012 - 10:10am
"The bottom line is everyone has it wrong because there's just so much fear out there," says Ryan Detrick, senior technical strategist at Schaeffer's Investment Research.

Bank-Rate Rigging Faces Tougher EU Rules, Antitrust Scrutiny

Top Finance News - Wed, 07/25/2012 - 10:10am
The European Union pledged tougher supervision of interbank lending rates and said it may expand antitrust probes.

Caterpillar Earnings Jump 67%

Top Finance News - Wed, 07/25/2012 - 8:50am
The world's largest maker of construction machines posted a 67% jump in quarterly profit and raised its forecast for 2012 earnings.

General Dynamics Lowers Guidance as Profits Fall

Top Finance News - Wed, 07/25/2012 - 8:50am
General Dynamics said its second-quarter net income fell 3%, and the defense contractor cut its 2012 profit prediction due to contract delays in its IT business.

Why $100 Oil Is Only a Headline Away

Top Finance News - Wed, 07/25/2012 - 8:50am
Rich Ilczyszyn, commodities trader and founder of iiTrader.com, thinks oil is just pausing on its way back to triple digits.

European Losses Hammer Ford

Top Finance News - Wed, 07/25/2012 - 8:50am
Plummeting sales in Europe -- and no hope for a quick fix in the troubled region -- hurt Ford's second-quarter profit and forced the company to lower its full-year earnings forecast.

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