BOSTON ( TheStreet) -- This week's flood of earnings reports, kicked off early today by Caterpillar ( CAT), leads your quick fix of company, market, economic and investing news for Monday, Oct. 24.
Monday's 5 Biggest Stories
The busiest week of third-quarter earnings reports awaits investors. Already, Caterpillar ( CAT) reported the highest revenue ever for the industrial company. Bloomberg European leaders won't tap the European Central Bank's balance sheet to boost the bailout fund. BloombergChina's PMI is turning around and back in expansion territory, while Europe PMIs continue to sink. FT Alphaville Nearly 1,000 are feared dead after a massive 7.2-magnitude earthquake hit Turkey on Sunday. Telegraph Your comprehensive slate of economic data for the week. Thursday's report on GDP is the highlight. Calculated Risk
Quote of the Day
"I think I did everything right. I did well when others didn't. I happen to earn one-fifth of the profits. I pay about a third in taxes, I give away about a third, and I follow the law. And if I'm doing something they think is incorrect, I'd like to know that," hedge fund manager Ray Dalio said during an interview with Charlie Rose when asked about his thoughts on Occupy Wall Street and the ire against the top 1%. Charlie Rose
Other Company News
Netflix ( NFLX), which reports quarterly results after the closing bell today, announced more international services. Now subscribers in the U.K. and Ireland will be able to complain about the Internet streaming selection. Washington Post Swiss banks like Credit Suisse ( CS) may pay billions to the U.S. to settle a probe of offshore tax evasion. Oh, and they'll disclose their client lists to help the U.S. find Americans who hid money from the IRS. BloombergGoogle ( GOOG) is reportedly jumping in alongside Microsoft ( MSFT) to bid for Yahoo! ( YHOO), although neither wants to own or run the company. Kind of like when someone bids for Baltic Avenue in Monopoly. NYT DealBook
Is this really the reason why the stock market has rallied so high this month? Business Insider When you count inflation, investors are in worse shape, mired in red over the past few months. MarketWatch Hiring plans of U.S. companies reflect the worst employment outlook since January 2010. Bloomberg
When game imitates life: CNBC was forced to suspend its Million Dollar Portfolio Challenge game after some players exploited a technical glitch to rise to the top. News on News On Friday, Neil Young hosted his annual Bridge School Benefit concert, where he performed with Arcade Fire on a great rendition of "Helpless." YouTube-- Written by Robert Holmes in Boston. >To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: email@example.com.