World Business Briefing: China: Intel Considers Building Chip Plant Intel is considering building its first semiconductor factory in Asia in the northeastern Chinese city of Dalian. China’s central government has approved the project, said Gao Fujun, assistant counsel... Read Full Article Scottish-Led Group Bids $95.6 Billion For ABN Amro The formal bid challenges an earlier offer from Barclays in what would be the richest banking takeover.... Read Full Article China To Shift $20 Billion As Capital For Policy Bank The move by the country’s $200 billion wealth fund comes as the government nears the end of a decade-long reorganization of the banking industry.... Read Full Article Hundreds Of Layoffs Expected At Yahoo Yahoo plans to lay off hundreds of employees to increase profitability, prop up its deflated stock price and focus on a smaller number of key areas, people close to the company said.... Read Full Article Fed Minutes Show Uncertainty About Economy Even with the cloudy outlook, the markets took the report as a positive sign, with the Dow closing at a record level.... Read Full Article |
Deere Posts Profit Gain Despite Slip In U.S.BLOOMINGTON, Ill., Aug. 15 (AP) — The agricultural equipment maker Deere & Company said Wednesday that its third-quarter profit rose 23 percent as strong global sales offset declines in the United States and Canada. Net income grew to $537.2 million, or $2.37 a share, up from $436 million, or $1.85 a share, a year earlier. The profit exceeded the $1.99 a share expected by analysts surveyed by Thomson Financial, and shares in Deere rose $3.51, or 3 percent, to $120.60. Revenue in the period, which ended July 31, rose 6 percent, to $6.63 billion from $6.27 billion. Worldwide equipment sales grew 5 percent, mainly as a result of a 16 percent rise in agricultural equipment sales and a 15 percent improvement in commercial and consumer equipment sales. Those gains were offset by a 20 percent decline in construction and forestry equipment sales. Equipment sales in the United States and Canada were down 5 percent for the quarter, while net sales outside the United States and Canada increased by 30 percent. Tag CloudExternal InformationAdditional InformationWho Controls Paradise?...Hire by the Contract Now, Risk a Big Regret Later... Bendigo to expand wealth with Adelaide bid... The Boss: A Widening Vista... Where Am I?News Main Page - Business - Deere Posts Profit Gain Despite Slip In U.S. |
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