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Latest Moline, Illinois Stories

2014-08-15 08:25:54

MOLINE, Ill., Aug. 15, 2014 /PRNewswire/ -- Deere & Company (NYSE: DE) today announced it will reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action will place more than 600 employees at four locations on indefinite layoff. In addition, Deere is implementing seasonal and inventory adjustment shutdowns and temporary layoffs at several of the affected factories. When Deere...

2014-08-13 08:31:16

- Slowdown in farm economy contributes to lower profits for agricultural equipment. MOLINE, Ill., Aug. 13, 2014 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) 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...

2014-05-30 12:22:54

MOLINE, Ill., May 30, 2014 /PRNewswire/ -- Deere & Company (NYSE: DE) announced today it has substantially completed the sale of its irrigation operations pending certain regulatory approvals. In February, Deere reported it had reached a definitive agreement to sell the John Deere Water operations to FIMI Opportunity Funds, the leading private equity firm in Israel. Terms of the transaction were not made public. SOURCE Deere & Company

2014-05-28 16:28:01

MOLINE, Ill., May 28, 2014 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors has approved an increase of Deere's quarterly dividend to $.60 a share on common stock. The dividend is payable on August 1, 2014 to stockholders of record on June 30, 2014. The new quarterly rate represents an increase of 9 cents per share, approximately 18 percent, over the previous level. This is the twelfth increase to the Deere & Company quarterly dividend in 10 years. Deere...

2014-05-14 08:33:45

- Earnings per share decline 4% to $2.65; net sales and revenues down 9%. MOLINE, Ill., May 14, 2014 /PRNewswire/ -- Net income attributable to Deere & Company (NYSE: DE) was $980.7 million, or $2.65 per share, for the second quarter ended April 30, compared with $1.084 billion, or $2.76 per share, for the same period last year. For the first six months of 2014, net income attributable to Deere & Company was $1.662 billion, or $4.46 per share, compared with $1.734...

2014-04-28 08:34:34

Doug Black, Seasoned Materials, Products and Distribution Executive Assumes Leadership Role ALPHARETTA, Ga., April 28, 2014 /PRNewswire/ -- John Deere Landscapes ("JDL"), the largest North American distributor of landscaping products, today announced the appointment of Doug Black as Chief Executive Officer effective immediately. Mr. Black is the former President and Chief Operating Officer of Atlanta, GA-based Oldcastle, Inc., a $12.6 billion building materials manufacturer and...

2014-03-20 12:34:29

MOLINE, Ill., March 20, 2014 /PRNewswire/ -- For the eighth consecutive year, Deere & Company has been included on Ethisphere Institute's "World's Most Ethical Companies" list. The research-based Ethisphere Institute is dedicated to the creation, advancement and sharing of best practices in business ethics, corporate social responsibility, anti-corruption and sustainability. Deere was among 144 companies honored after evaluations were conducted of each company's corporate ethics...

2014-03-13 08:29:46

Companies to collaborate on data exchange and analysis RESEARCH TRIANGLE PARK, N.C., March 13, 2014 /PRNewswire/ -- Bayer CropScience and John Deere are working together to integrate data access, wireless data transmission, and delivery of prescription recommendations to help farmers optimize yields and return on investment. The collaboration will enable Bayer CropScience and John Deere to provide data-enabled decision-support tools for farmers. Beginning in 2014, in cooperation...

2014-03-04 08:33:44

Wheel Loader Production Data Can Be Viewed Remotely in JDLink to Boost Loader Productivity LAS VEGAS, March 4, 2014 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and Deere & Company's Worldwide Construction & Forestry Division today announced the integration of the LOADRITE® L2180 payload scale for John Deere four-wheel-drive loaders with the JDLink(TM) Ultimate telematics system - part of the John Deere WorkSight(TM) suite of business optimization solutions. Scale integration with...

2014-02-27 16:30:36

MOLINE, Ill., Feb. 27, 2014 /PRNewswire/ -- Deere & Company (NYSE: DE) announced today it will move the production of EZtrak(TM) zero turn mowers from its factory in Horicon, Wisconsin to its facility in Greeneville, Tennessee. "This is a customer-focused initiative that moves the production of this product line closer to its customer base," said James Field, president of the Worldwide Agriculture & Turf Division. "We also will improve our logistics for distributing this...


Word of the Day
Cthulhu
  • A gigantic fictional humanoid alien god being described with a head resembling an octopus and dragon wings and claws, around whom an insane cult developed.
  • Pertaining to the mythos of Cthulhu and additional otherworldly beings created by H. P. Lovecraft or inspired by his writings and imitators.
This word was invented in 1926 by H.P. Lovecraft for his short story, 'The Call of Cthulhu.' 'Cthulhu' may be based on the word 'chthonic,' which in Greek mythology refers to the underworld.
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