Improving demand for farm and construction equipment leads to higher second-quarter results. Industry sales of turf and utility equipment in the U.S. and Canada are expected to be about flat for 2017.
Heuberger is a senior investment manager at BMGI, the office responsible for all non-Microsoft investments for William Gates III as well as for the investments of the Bill & Melinda Gates Foundation Trust. These investments include Deere & Co.
Dmitri L. Stockton, president and chief executive officer of GE Asset Management, and Sheila G. Talton, president and chief executive, Gray Matter Analytics, have been elected to the Deere & Company Board of Directors, effective May 27, 2015.
Net income attributable to Deere & Company was $649.2 million, or $1.83 per share, for the fourth quarter ended October 31, compared with $806.8 million, or $2.11 per share, for the same period of 2013.
Deere & Co. announced today 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 & Co, the world's largest maker of farm equipment, said it would indefinitely lay off more than 600 employees at plants in Illinois, Iowa and Kansas as falling grain prices hurt demand for tractors, harvesters and other agricultural machinery.
Deere & Co. reported Wednesday that its first quarter net income increased about 5 percent, a record for a first quarter and the 15th consecutive record year-over-year quarterly earnings.
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