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Stock Market & Financial Investment News

News Breaks
August 22, 2014
09:00 EDTDEDeere announces 460 Waterloo layoffs
Deere announced that it will place approximately 460 employees who work in the company's Waterloo, Iowa operations on indefinite layoff in response to current market demand for its products. Deere said employees were informed today of the layoffs, which are effective October 20. When Deere announced third quarter earnings on August 13th, the company said it planned to reduce agricultural equipment production for the balance of the year.
News For DE From The Last 14 Days
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January 23, 2015
08:32 EDTDEDeere announced indefinite layoffs at five locations for workforce adjustments
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January 12, 2015
15:47 EDTDEUSDA data improved but still implies row crop cash decline, says Wells Fargo
Wells Fargo said the January data in the USDA's WASDE report indicates row crop cash flow will drop 18% year-over-year, which is improved from the 21% decline implied by the December report, but remains negative for Agricultural equipment makers like AGCO (AGCO) and Deere (DE). The firm maintains its Underperform rating on AGCO and Market Perform rating on Deere.

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