Fox Business - The Power to Prosper
Search Site

Deere & Co.

U.S. Capital-Equipment Financing Up 23% in April-Survey

A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 23% in April from a year ago, as companies went on their largest buying spree of the year so far.Respondents to the Equipment Leasing and Finance Association's monthly survey published Thursday said they financed $7.5 billion of new equipment last month, up from $6.1 billion in April 2012. Financed purchases in April rose 10% above March. April's volume was the largest since December. For the year, business volume is up 8% over the same time in 2012.Observers said the robust financing volume suggests U.S. businesses are stepping up their capital investments after a prolonged stretch of reduced spending caused by weak sales growth and anxiety about the U.S. government budget and taxes."Over the last four years businesses of all sizes have pursued a defensive strategy of austerity," Paul J. Menzel, CEO of Financial Pacific Leasing LLC in Federal Way, Wash., said. "The anemic revenue story ma...

Read More

  1. MARKET SNAPSHOT: U.S. Stocks Trim Drop; Builder Sentiment Rises

    U.S. stocks moderated Wednesday losses after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.The...

  2. MARKET SNAPSHOT: U.S. Stocks Edge Lower As Data Disappoint

    U.S. stocks declined on Wednesday, retreating a day after another record-setting rally, as data showed an unexpected contraction in New York-area manufacturing.The N...

  3. Deere Drops on Cautious Outlook

    Deere (NYSE:DE) revealed a better-than-expected 3% improvement in second-quarter earnings amid surprisingly strong sales on Wednesday but said adverse weather and ot...

  4. Deere Net Rises on Strong Farm-Equipment Sales

    Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, largely owing to continued growth in farm-equipment sales in the U.S. and Canada.Shares were down 5% to ...

  5. Deere 2nd-Quarter Profit Rises 2.7% on Strong Farm-Equipment Sales

    Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, largely owing to continued growth in farm-equipment sales in the U.S. and Canada.Shares were down 11.2% ...

  6. Deere Cuts Equipment Sales Outlook, Stock Falls

    Deere & Co. reported its second-quarter profit rose 3% to $1.08 billion, or $2.76 a share, from $1.06 billion, or $2.61 a share, a year earlier. Revenue rose to $10....

  7. Week Ahead: Retail Earnings and Lots of Data

    Earnings from retailers and lots of economic data related to inflation and housing will keep investors busy next week.Bellwether retailers scheduled to release their...

  8. WEEK AHEAD: Macy's, Wal-Mart to Report; Pricing, Consumer Data Due

    Investors are gearing up for next week's slew of quarterly reports from some of the largest U.S. retailers. Macy's Inc. (M) kicks things off Wednesday, followed by W...

  9. Fiat Industrial cuts 2013 outlook as southern Europe suffers

    Italian truck and tractor maker Fiat Industrial SpA cut its 2013 targets after sales in recession-hit Europe continued to fall, pushing its truck unit to a first-qua...

  10. Eaton 1st-Quarter Net Up 22% on Cooper Acquisition

    Eaton Corp.'s (ETN) first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but the company's base sales without the benefit of Cooper we...

  11. Parker Hannifin 3rd-Quarter Net Drops 18% on Lower Revenue

    Parker Hannifin Corp.'s (PH) fiscal third-quarter earnings tumbled 18%, amid lower sales and orders that reflect the weakness in global manufacturing.The diversified...

  12. Business Borrowing for Equipment Jumps

    Companies stepped up borrowing in March to invest in new equipment, the Equipment Leasing and Finance Association (ELFA) said on Tuesday.Companies signed up for $6.8...

  1. Monster machines fan out on U.S. farms facing slow sow

    SHERIDAN, Illinois (Reuters) - With the U.S. spring planting season off to a historically slow start, an increasing number of farmers are counting on powerful tools ...

  2. Deere & Co. Cut To Sell From Neutral At Goldman

    Deere & Co. was downgraded to sell from neutral by Goldman Sachs, and its price target was cut to $85 from $98 per share in a noted dated May 17. Leading analyst Jer...

  3. MARKET SNAPSHOT: U.S. Stocks Rise For Another Record Close

    U.S. stocks rose Wednesday, with hopes for ongoing central-bank stimulus bolstering sentiment amid economic reports illustrating a contraction in manufacturing."It s...

  4. MARKET SNAPSHOT: U.S. Stocks Rise; Another Record Close Possible

    U.S. stocks mostly rose Wednesday, with hopes for ongoing central-bank stimulus-bolstering sentiment amid economic reports illustrating a contraction in manufacturin...

  5. Deere lowers sales outlook; shares fall

    Deere & Co issued a cautious fiscal-year outlook that sent its shares down more than 5 percent and overshadowed a rise in quarterly profit.The No. 1 farm equipment m...

  6. Deere Fiscal 2nd-Quarter Profit Rises 2.7%; Lowers Sales Outlook

    Deere & Co.'s (DE) fiscal second-quarter earnings rose 2.7%, but the company whittled its sales outlook for the year amid concerns that cool, wet weather in the U.S....

  7. MARKET SNAPSHOT: Stocks Turn Higher As Builder Sentiment Rises

    U.S. stocks turned higher Wednesday after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.Wednes...

‹ Prev12345Next ›
Freebase CC-BY
Source: Deere & Co. on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL