KQED Nightly Business Report January 27, 2012
a bullish forecast about the global economy from caterpillar today. the world's leader in bulldozers and excavators expects sales to grow as much as 20% this year. the company also predicted the global economy avoids a recession. tom, those comments came as caterpillar reported record quarterly earnings, posting a gain of 60%. >> tom: susie, that performance is an important economic indicator because caterpillar's business comes from infrastructure and agriculture spending across the globe. caterpillar earned $2.32 a share, surpassing estimates by almost 60 cents. these results cap a...