Saturday, Jul 4, 2015
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Recent Comments

CoolEdge - How the SSM “anti-polygamy” movement turned into Animal Farm - Quincy, IL News - QuincyJ
Thousands of years of history, with rules developed to make a society function better ... but you have it figured out they were wrong. "zero bearing on my life as I'm neither gay nor a polygamist." yeah right ... giving entitlements to any "marriages" you don't perceive as influencing your life should be allowed. You know the original colonies demanded their residents attend church…
WarCry - How the SSM “anti-polygamy” movement turned into Animal Farm - Quincy, IL News - QuincyJ
Morality cannot be legislated. Period. When you start making morality laws, then freedom doesn't exist any more. While some might laugh at using the example, look at the movie DEMOLITION MAN. One of the running gags in that movie is when someone says a "bad word", Big-Brother-Is-Always-Listening computer buzzes and issues a fine for a "violation of the verbal moralities code". If that's…
WarCry - How the SSM “anti-polygamy” movement turned into Animal Farm - Quincy, IL News - QuincyJ
Some monogamists "marry" underage kids, too. But that's breaking the law, same as it would be if polygamy was made legal. You're using deviant cases like Warren Jeffs to paint a picture of a whole host of people, and that's no more justified that calling the entire Catholic church pedophiles or all men serial killers because of John Wayne Gacy. You cannot paint with that broad of a…
Quijote57 - How the SSM “anti-polygamy” movement turned into Animal Farm - Quincy, IL News - QuincyJ
The Founding Fathers most likely did not intend for political liberty to include freedom to practice immorality. Liberty is too often confused with license. Yes, some of the Founders had immoral relationships (the supposed relationship between Jefferson and his female slave, for instance), but I don't think they intended for those to be codified as legal in all the states. And I don't think…
Quijote57 - How the SSM “anti-polygamy” movement turned into Animal Farm - Quincy, IL News - QuincyJ
You make valid arguments except this: in some instances, the polygamist marries an under-aged teenager who does not or cannot consent.

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Caterpillar 4Q results top analysts' expectations

1 year, 5 months ago from Associated Press

The Peoria-based company's board approved a new $10 billion buyback

Caterpillar's fourth-quarter net income rose compared with results weighed down by a large impairment charge a year ago. Its performance topped Wall Street's view.

The Peoria, Ill.-based company's board approved a new $10 billion buyback. Caterpillar also provided a 2014 forecast above analysts' estimates.

Its shares climbed more than 6 percent in premarket trading Monday.

For the period ended Dec. 31, Caterpillar Inc. - which makes mining gear, construction and forestry equipment and large power generators - earned $1 billion, or $1.54 per share. That compares with $697 million, or $1.04 per share, a year earlier.

The prior-year period included an impairment charge of 87 cents per share, partially offset by a tax settlement of 45 cents per share.

Analysts surveyed by FactSet expected earnings of $1.27 per share for the latest quarter.

Revenue declined 10 percent to $14.4 billion from $16.08 billion, but still beat Wall Street's forecast of $13.41 billion.

Full-year net income dropped to $3.79 billion, or $5.75 per share, from $5.68 billion, or $8.48 per share, in the previous year.

Annual revenue fell 16 percent to $55.66 billion from $65.88 billion, hurt mostly by a sharp decline in sales of new machines for mining.

For 2014, the company anticipates adjusted earnings of $5.85 per share on revenue of about $56 billion. Analysts predict earnings of $5.75 per share on revenue of $55.36 billion.

Caterpillar said that it plans to repurchase about $1.7 billion shares of its common stock in the first quarter. The company said that this move should complete its existing $7.5 billion repurchase program set to expire on Dec. 31, 2015. With the anticipated completion of the program, Caterpillar said its board approved a $10 billion repurchase program that is set to expire on Dec. 31, 2018.

The company's stock gained $5.38, or 6.2 percent, to $91.55 in premarket trading about 75 minutes before the market open.


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