Chanos's short call on Caterpillar looks good after earnings miss - The Tell - MarketWatch
"Caterpillar on Wednesday lowered its full-year 2013 guidance to earnings of $5.50 a share and cut its revenue forecast to $55 billion. The company previously forecast earnings of $6.50 a share on revenue of $56 billion to $58 billion. For 2014, Caterpillar said it expected sales to be flat from 2013, plus or minus 5%."
U.S. Senator Paul plans 'hold' on Yellen's Fed nomination: CNBC | Reuters
"Republican Senator Rand Paul plans to put a "hold" on the nomination of Janet Yellen to be chair of the Federal Reserve, CNBC reported on Friday, a move that would force supporters to round up 60 votes in the 100 seat Senate to confirm her.CNBC, citing a source close to the Kentuck...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.