Industry News

Deere's 3Q Net Sales & Revenues Decline 5%; Ag Sales Fall 11%

Net income attributable to Deere & Company was $850.7 million, or $2.33 per share, for the third quarter ended July 31, compared with $996.5 million, or $2.56 per share, for the same period of 2013. For the first nine months of the year, net income attributable to Deere & Company was $2.513 billion, or $6.79 per share, compared with $2.730 billion, or $6.97 per share, last year.
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The Big Picture

Why Are There So Many Horrible Bosses?

We all likely have a story of that one (or more) terrible boss, who was either a tyrant, a bully, or just totally incompetent. In fact, it may seem that there are more bad bosses than good ones. Why are there so many bad bosses and what can be done about them?
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STIHL BT 130 Earth Auger

The new STIHL BT 130 earth auger bores quickly and powerfully into the ground, thanks to its fuel-efficient 4-MIX engine. Equally as impressive are its vibration-dampening frame, multi-function handle, large comfort cushion and the unique QuickStop drill brake, all of which boost user comfort and make the tool easy to operate. The BT 130 is the ideal tool for effectively drilling holes for fence posts, plants and point foundations.
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Notable and Quotable: US Housing Recovery

The Mortgage Bankers Association yesterday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million -- a decline of 4.1 percent that would be the first annual drop in four years. The group also cut its prediction on mortgage lending volume for purchases to $595 billion, an 8.7 percent decrease and the first retreat in three years.
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SWA and CWEDA Members Vote to Merge

The joint membership of SouthWestern Assn. (SWA) and Canada West Equipment Dealers Assn. (CWEDA) have voted overwhelmingly in favor of moving forward with a merger of these two associations to form the new Western Equipment Dealers Assn. (WEDA).
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GIE Expo Early Bird Registration Deadline Approaching

GIE+EXPO 2014's $15 early-bird registration fee is available through Sept. 11 at www.gie-expo.com. From Sept. 12 until 5 p.m. EDT on Oct. 21, pre-registration will be $30. For those who wait to register during the show at the Kentucky Exposition Center in Louisville, Oct. 23-25, the fee will be $60 per person
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