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Stock Market & Financial Investment News

News Breaks
February 12, 2014
10:09 EDTDEDeere sees modest GDP growth for 2014 with short term economic stress diminished
The company says risks still remain and grain prices and farm income are lower, but will remain near long-term average. In China, the subsidies are expected to be supportive of agriculure. In India, the Agriculture sector growth is expected due to a favorable 2013 monsoon season. Demand in the UK and Spain are expected to be lower but France and Germany may see upside. The gross value of agricultural production in Brazil is expected to increase 3% in 2014. Sees FY14 cost of sales as a percent of net sales at 75%; Sees FY14 R&D expense flat vs. FY13; Sees FY14 SG&A expense down 5% vs. FY13; Sees FY14 effective tax rate 34%-36%. Comments taken from slides for Q1 earnings conference call.
News For DE From The Last 14 Days
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February 3, 2016
18:33 EDTDEDeere urges ratification of Trans-Pacific Partnership
Deere & Company urged the U.S. Congress to ratify the Trans-Pacific Partnership, saying the trade agreement signed by 12 countries today is a much-needed step to boost the global economy. Samuel Allen, Deere & Company chairman and CEO said the global marketplace is important to Deere's employees as nearly 40% of the company's revenues already come from sales outside the U.S. and Canada. Exports at Deere's larger agricultural and construction equipment factories in Iowa and Illinois account for between one-third and one-fourth of all units manufactured at those facilities. Deere serves customers in the TPP participating countries and has facilities in seven of them. The agreement is expected to boost trade flows among all participants and strengthen global food security by improving efficiency in meeting food and feed needs as well as improving infrastructure across the Asia-Pacific region.

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