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Stock Market & Financial Investment News

News Breaks
August 15, 2014
09:01 EDTDEDeere to reduce size of manufacturing workforce by 600 employees
Deere announced it will reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action will place more than 600 employees at four locations on indefinite layoff. In addition, Deere is implementing seasonal and inventory adjustment shutdowns and temporary layoffs at several of the affected factories. When Deere announced third quarter earnings on Wednesday, the company said it planned to reduce agricultural equipment production in the company's fourth quarter. Employees have been informed at the affected facilities, which include John Deere Harvester Works, East Moline, IL; John Deere Seeding and Cylinder, Moline, IL; John Deere Des Moines Works, Ankeny, IA; and John Deere Coffeyville, Coffeyville, KS. No other locations are included in today's layoff announcement.
News For DE From The Last 14 Days
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April 16, 2015
07:36 EDTDEDeere management to meet with Deutsche Bank
Meeting to be held in Seoul, South Korea on April 16 hosted by Deutsche Bank.
April 15, 2015
08:21 EDTDEDeere management to meet with Deutsche Bank
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April 13, 2015
07:36 EDTDEDeere management to meet with Deutsche Bank
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06:47 EDTDEDeere reports March U.S./Canada utility tractor sales down less than 5%
Deere reports industry U.S./Canada utility tractor sales were down 5% in March, while Deere sales were down less than the industry in the month. Deere reports its U.S./Canada row-crop tractor retail sales were down more than the industry, which was down 19% in the month. Deere's U.S./Canada 4WD tractor retail sales were down more than the industry, which was down 24% in the month. In March, Deere's U.S./Canada combines retail sales were down more than the industry, which was down 48%. Information from Deere's retail sales comment for March posted to the company's investor relations website.

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