Caterpillar Gears Up Hiring

8:00 AM ET Fri, 12 Aug 2011

We are optimistic and we are going to have a record year and are feeling pretty good about it, but with the recent news, it's going to be a problem, says Doug Oberhelman, Caterpillar chairman/CEO. He adds that he is worried about the macroeconomic environment but the earth is still moving pretty well globally. The company is hiring about 11,000 American employees.