(Deere.ca)

Deere plans price increases to offset rising costs

Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York



(Deere.ca)

Deere fears hit from Trump tariffs, retaliation

Granadero Baigorria, Argentina | Reuters — U.S. tractor maker Deere and Co. is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, CEO Samuel Allen told Reuters in an interview Wednesday. The 25 per cent tariffs, which U.S. President Donald Trump








Deere and Co. plans to pay about US$4.9 billion for German manufacturer Wirtgen Group, whose WR250 soil stabilizer is shown here. (Wirtgen.de)

Deere to buy German road construction firm

Reuters — Deere + Co. said on Thursday it would buy privately held German company Wirtgen Group for about US$4.88 billion to expand its road construction operations as it looks to cut down its dependence on its slowing farm business. Deere’s share rose 3.1 per cent to US$126.29 in premarket trading, and were set to