Deere & Co (DE.N)
Deere & Co shares soared more than 12 percent on Friday after the world's largest farm equipment manufacturer raised its fiscal year profit outlook and said it is redoubling cost-cutting efforts to offset slumping sales of farm and construction machinery.
Aug 19 Deere & Co shares soared more than 12 percent on Friday after the world's largest farm equipment manufacturer raised its fiscal year profit outlook and said it is redoubling cost-cutting efforts to offset slumping sales of farm and construction machinery.
* 2016/17 projection for U.S. commodity prices for corn $3.15 per bushel
* Full-year 2016 earnings forecast increased to $1.35 billion
Aug 19 Deere & Co posted lower quarterly earnings on Friday as the soft global agricultural economy depressed sales of its farming machinery.
* Bill Gates' Cascase Investment LLC reports open market sale of 85,000 shares of Deere & Co at prices of $78.04 and $77.13 as of Aug 12 - SEC filing
* Moody's changes Deere's outlook to negative from stable; Affirms A2 long-term and prime-1 short-term ratings
RIO DE JANEIRO - A total of 17 gold medals will be up for grabs on the 10th day of competition with Kenya's David Rudisha looking to defend his 800m title with Frenchman Renaud Lavillenie aiming to do likewise in the pole vault. Allyson Felix also goes for gold in the women's 400m and there are other medals on offer in gymnastics, wrestling, sailing and boxing. (OLYMPICS-RIO-SPORT/ (PIX, TV), expect throughout, 400 words)
As Justin Rose was basking in the glory of becoming the first Olympic champion in 112 years, Ryan Moore collected $864,000 more than the Briton for winning the John Deere Classic on the PGA Tour on Sunday.
RIO DE JANEIRO - Full coverage of Day Nine of competition in Rio with 22 gold medals up for grabs. The men's 100 metres will be the main focus of attention as Jamaica's Usain Bolt goes for the first leg of his coveted 'triple-triple' gold medal streak. In the tennis, Britain's Andy Murray will look to defend his singles title against Juan Martin del Potro of Argentina. (OLYMPICS-RIO-SPORT/ (PIX, TV), expect throughout, 400 words)
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