Caterpillar Inc.’s stock was downgraded to “Neutral” from “Overweight” by JPMorgan Chase & Co. analyst Ann Duignan Monday. Duignan, who had rated Peoria-based Caterpillar “overweight” since April 2009, cited pressures on the sector to reduce costs and the potential negative impact on the U.S. coal and energy sectors following the re-election of President Barack Obama in downgrading the stock. Mining remains “pressured as companies continue to assess their investment plans for the longer term, and cuts are becoming more broad-based,” Duignan said in a research note.
Comments: The Obozo fall out continues...Wonder if Obozo will be visiting the caterpillar plant again anytime soon with his false promises?
KANNAPOLIS, N.C. (AP) – Tony Stewart told anyone who would listen why he continued racing anywhere, anytime, regardless of purse or crowd or car. Even after he flipped five times last week, Stewart was quick to offer a stout defense for his short-track weeknight racing while some questioned if his extracurricular racing was putting his championship chances in NASCAR at risk. Well, his championship chances are officially over for this season. The three-time NASCAR champion broke his right leg Monday night at Southern Iowa Speedway in Oskaloosa
Damani Henard called his mom to say he was biking to a friend´s house to play video games. "I´ll see you when you get home," Yolanda Paige said. "OK, I love you," the 14-year-old said. Paige got home late Tuesday night and didn´t see her son, but figured he had stayed overnight. Then detectives showed up at her door. "They were telling me my son was murdered," Paige said as she prepared to go to the morgue.
Illinois had the second-largest decrease in employment in the nation last month, the Labor Department reported Friday. The state lost 17,800 jobs, second only to Ohio, where employment fell by 20,400 positions. The nation as a whole was split last month. Payrolls rose in 23 states, fell in 26 and were unchanged in New Mexico. Illinois´ unemployment rate held at 9.5 percent in March
Which United States president will go down in history as the greatest humanitarian to have served in the office? The Republican Herbert Hoover is often known as the "Great Humanitarian" for his work administering famine relief in post-World War I Europe (and Bolshevik Russia) in the 1920s — but he did all that before he actually became president. Others might make the case for Franklin Delano Roosevelt, the Democrat who succeeded Hoover in the White House, whose New Deal initiatives relieved poverty and sickness on a grand scale within the United States.
There was an 1854 Lefaucheux pinfire pistol carbine on display, as well as an 1876 .22-caliber derringer in a glass box. But neither was for sale. It wouldn´t have mattered if they were. The gun enthusiasts who showed up in Rosemont on Friday for what was billed as the first-ever Chicagoland Gun Show didn´t seem interested in gawking at antique pistols. Some wanted to buy high-powered rifles, semi-automatic handguns and high-capacity magazines. But there wasn´t a single gun dealer at the show, only a Chicago collector who said he was there to show off his collection.
Four shootings -- two of them double homicides -- and a stabbing left 7 people dead Saturday, authorities said. In what appeared to be the last homicide of the day, a 32-year-old man was fatally stabbed about 11:50 p.m. in the South Shore neighborhood on the South Side, police said. The stabbing happened during a domestic argument in the 2500 block of East 73rd Street, Chicago Police Department News Affairs Officer Ron Gaines said. Byline corrected to site style by Staff.
Springfield — Citing inaction on pensions, a prominent Wall Street bond-rating agency downgraded Illinois’ bond rating Friday, making the state the nation’s worst credit risk. The move by Standard & Poor’s to rate Illinois’ bonds at A- with a negative outlook comes as the state is preparing to go out on the market Wednesday with a $500 million bond issue. With the new lowered rating, Illinois eclipsed California as the least creditworthy state in the country in Standard & Poor’s eyes and could face higher borrowing costs. “We assessed what the pension fund status is,
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
One of President Obama´s chief political assets has been his ability to excite young people like almost no politician in history. But the days of America´s youth fawning over the president are over. A new Harvard University Institute of Politics poll released Wednesday confirms what other surveys have shown in recent months: Millennials have soured on Obama so much this year that their opinion of him largely mirrors the American public´s. Even though Obama does not ever have to face another election, he should be worried about the findings for a couple of reasons, which we will dive into momentarily.
President Obama will cast growing income inequality and a decline in economic mobility as a “fundamental threat to the American dream” during a speech Wednesday in Washington. The speech will serve as an early preview for next year’s State of the Union address, according to a White House official, who said Obama would focus much of his energy over the next three years on the issue. “The decisions we make over the next few years will determine whether or not our children will grow up in an America where, if you work hard, you can get ahead,” the official said.
Good stuff from Jonathan Turley at today’s House hearing on executive power, although I regret that I couldn’t find a more user-friendly format for you to watch. There’s no compilation clip; you’ll have to make do with the C-SPAN embed by fast-forwarding to the time cues I give you and being patient while the vid buffers (and buffers, and buffers).(Snip)That brings us to point two: Even if Congress can’t stop Obama, the courts can. The problem there, though, says Turley, is that O and the DOJ have argued successfully in many cases that no one has standing to sue him
A stunning new study unveiled on Fox News´ Hannity finds that President Barack Obama’s White House calendar records just one face-to-face meeting between Obama and his Health and Human Services (HHS) Secretary Kathleen Sebelius in the more than three-and-a-half years leading up to the disastrous Obamacare launch. The startling statistic comes from a new Government Accountability Institute (GAI) analysis of Obama’s own official White House calendar, as well as the Politico presidential calendar, and raises new questions about Obama’s executive leadership and management throughout the implementation of his singular legislative achievement. More alarming still, the president’s schedule lists 277 private
[Video] President Obama on Wednesday declared that addressing income inequality would be the focus of “all” of the White House’s efforts “for the rest of my presidency.” In a sweeping address that touched on raising the minimum wage, investing in infrastructure and ending tax breaks for the wealthy, Obama warned that the American economy has become “profoundly unequal,” declaring economic mobility the “challenge of our time.” “The combined trends of increasing inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life, and what we stand for around the globe,” he said in an hour-long
Just over two weeks ago, MSNBC host Martin Bashir delivered a harsh piece of commentary that culminated in the suggestion that someone should “s-h-i-t” in former Alaska Governor Sarah Palin‘s (R-AK) mouth. Bashir offered an abject apology on his next broadcast, but a chorus of critics continued to demand action against the host. After a reported “vacation” for the host earlier this week, Bashir announced, Wednesday afternoon, that MSNBC and Martin Bashir are parting ways. Here’s the statement from Martin Bashir, via email: After making an on-air apology, I asked for permission to take some additional time out around the Thanksgiving holiday. Upon