KQED Nightly Business Report October 24, 2013
Get out from under a pile of debt but retirees and pensioners are trying to protect it. Good evening everyone. The tale of caterpillar and boeing set the tone today. For boeing blue skies ahead after they reported a surge of quarterly earnings, a huge backlog of orders and raised the outlook. Shares soared more than 5 . But caterpillar found itself in a hole. The Worlds Largest maker of earth moving and mine making equipment said profits plunged and cut the earnings forecast again and the stock tumbled 6. 5 . That rattled investors as they worry about growth forecast and the record stocks took...