CHICAGO Deere & Co. on Wednesday warned of lower earnings next year after reporting a fall in quarterly profits, hurt by trade tensions as well as poor weather in the U.S. farm belt that has slowed equipment purchases by farmers.
EAST MOLINE, Illinois Devin Spencer has been on edge ever since Deere & Co. laid off dozens of his colleagues at its Harvester Works plant in western Illinois due to dwindling demand for farm combines.
CHICAGO Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to cut production in the wake of a fall in sales due to U.S. President Donald Trump's trade war with China.
CHICAGO Another U.S. senator has joined a chorus against Pennsylvania-based NonLethal Technologies Inc for selling riot gear to Hong Kong that is being used against pro-democracy protesters.
CHICAGO Harley-Davidson Inc is betting on electric motorcycles to attract the next generation of younger and more environmentally conscious riders to reverse declining U.S. sales. | Video
CHICAGO Deere & Co on Tuesday announced indefinite layoffs for 163 U.S. manufacturing workers at plants in Illinois and Iowa that make agricultural, forestry and construction equipment, citing decreased customer demand.
CHICAGO, Oct 1 Deere & Co on Tuesday
announced indefinite layoffs for 163 U.S. manufacturing workers
at plants in Illinois and Iowa that make agricultural, forestry
and construction equipment, citing decreased customer demand.
ECORSE/RIVER ROUGE, Michigan Some steelworkers who cheered U.S. President Donald Trump's tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp reacts to sagging demand from automakers reeling from higher steel prices.
Sept 24 Harley-Davidson Inc said on
Tuesday it would invest as much as $1.6 billion over the next
four years to turn around its business, raising concerns about
its earnings and sending its shares lower.