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- Zacks
Deere (DE) Stock Falls 9.8% YTD: Should You Buy on the Dip?
Deere's (DE) price performance is unimpressive so far this year, reflecting a weak demand outlook for agricultural equipment amid low commodity prices and farm income.
- The Telegraph
French stock market gains on bet Le Pen won’t win majority
European stock markets rose today amid signs France’s hard-Right would not win enough seats for an overall majority in legislative elections.
- Associated Press Finance
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees will be laid off effective Aug. 30. A combined 310 workers will be let go at the Iowa locations.
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