Deere & Company Forecasts Lower U.S. Commodity Prices, Farm Income
Deere & Company (NYSE:DE), the world's largest maker of farm tractors and combines, forecasts lower prices for corn, wheat, soybeans and cotton in 2012 and 2013. Deere also expects a drop in U.S. farmers' income for the year.
Deere & Company 1Q Earnings Top Estimates on Strong Farm Income
Deere & Co., the world's largest maker of farm tractors and combines, reported a 3.7 percent fiscal first quarter earnings increase that topped analysts' estimates, as U.S. farmers flush with cash update aging fleets.
U.S. Retail Sales Rose 0.4% in Jan, Lower Than Expected
Sales at U.S. retailers climbed slightly in January as Americans took advantage of post-holiday promotions, and although Tuesday's data fell short of economists' median projection, it still provided yet another hopeful sign of a strengthening economy.
Stocks Rebound on Greek Austerity Vote: Daily Markets Wrap
U.S. stocks bounced back Monday from Friday's biggest loss of the year as Greece's parliament passed the deeply unpopular austerity bill to secure international rescue funds. The strict financial reform includes a 22 percent cut to minimum wage and 150,000 public-sector job cuts. Rioters protesting the measures set fire to buildings in downtown Athens.
Deere & Company Earnings Preview: Q1 Boosted by U.S. Farm Income
Deere & Co., the world's largest maker of farm tractors and combines, is expected to report strong fiscal first quarter results as U.S. farmers flush with cash update aging fleets and Deere's products gain greater acceptance in Brazil.
Retail Sales Rose in January: U.S. Economy Preview
Sales at U.S. retailers probably climbed in January as Americans bought more new cars and shoppers took advantage of post-holiday promotions, a sign that the U.S. economy is recovering, economists said before a report this week.
U.S. Trade Deficit Widens More than Forecast in December
The U.S. trade deficit widened in December to its highest level in six months as imports outpaced exports, government figures showed on Friday.
401k Savings Up Slightly in 2011: Fidelity
U.S. workers contributed more to their 401(k) plans in 2011, while average balances at year’s end also rose slightly, according to a quarterly survey by Fidelity Investments.
PepsiCo to Cut 8,700 Jobs; Q4 Profit Rises
PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker plans to cut 8,700 jobs in a restructuring effort to offset high commodity costs and boost investment in advertising and marketing in North America.
Jobless Claims Unexpectedly Fall to 358,000
Claims for jobless benefits fell for the second straight week, suggesting the labor market recovery is gaining momentum.
China's CPI Up 4.5%, PPI Up 0.7% in January
China's inflation unexpectedly rebounded in January mainly due to gains in food prices and a weeklong holiday. Though this does not change the broader downward trend in inflation and provides room for Beijing to stimulate its economy if the Euro area experiences a sharp recession. It does support economists' view that Beijing will not put in place aggressive stimulus packages as it aims for a smooth leadership transition this year.
IMF Cottarelli Warns Some Countries Might be Cutting Debt Too Quickly
Some countries, including the U.S., could be trying to bring their budget deficit down too quickly, posing a risk for the economic recovery, the head of the International Monetary Fund's fiscal affairs department warned Wednesday.
China’s Inflation Eases in January, Aiding Leadership Transition
Inflation in China is expected to trend lower in January, which provides room for Beijing to stimulate the country's economy if the Euro area experiences a sharp recession. However, economists do not expect to see aggressive stimulus packages to be put in place as Beijing is looking to achieve a smooth leadership transition this year.
PepsiCo Inc. Earnings Preview: Q4 Boosted By Sales in Emerging Markets
PepsiCo Inc. (NYSE:PEP), the world's largest snack-food maker, is projected to report stronger fourth-quarter profit as PepsiCo continue to capitalize on emerging market growth and proper hedging against commodity price swings.
401k Fees Disclosure Rule May Spur Additional Creative Charges
A new regulatory measure governing America's most popular retirement vehicle aims to help workers save on fees as they build nest eggs but many experts worry the rule, requiring 401(k) plan providers to disclose hidden costs, could result in new charges.
Highest Paid CEO Exits: Parting is Such Sweet ... Compensation
Executive compensation is on the rise, so are CEOs' walk-away packages. More importantly, these golden parachutes are soaring into platinum levels. These 10 CEOs left their helms as million-dollar men.
Major Layoff Announcements in 2012 [SLIDESHOW]
Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?
Unemployment Falls to 8.3% in January; Payrolls Surge 243,000
Hiring in the U.S. accelerated in January for a third month and the jobless rate fell unexpectedly to the lowest point in almost three years, signaling the labor market is gaining momentum.
Venture Capital Firms Make Bigger Bets on Chinese Internet Companies
Venture capital firms are now placing more and bigger bets on Chinese internet companies, making China the second-largest recipient of venture capital financing in terms of deal volume for the first time in 2011.
CME Group Unveils $100M Fund to Protect Farmers
CME Group Inc. (NASDAQ:CME), the world's largest futures market operator by contract volume, announced Thursday a $100 million fund to protect agricultural customers - a move to rebuild lost confidence after the collapse of MF Global Holdings LP.
Pharmaceutical Industry Earnings 4Q: Pfizer, Eli Lilly Hit Hard, Merck is Next
Drugmakers Pfizer Inc. (NYSE:PFE) and Eli Lilly & Co. (NYSE:LLY) have seen profits squeezed as lucrative blockbuster drugs came off patent and face competition from low-cost generic drugs. Merck & Co. Inc. (NYSE:MRK) is set to feel the hit in the second half of 2012.
U.S. Jobless Claims Fall to 367,000 in the Week Ended Jan. 28
Claims for jobless benefits in the fourth week of January dropped after an uptick in the prior week. Economists said January has historically been more volatile than the rest of the year.
Job Cuts Jump 28% in January: Challenger
U.S. job cuts surged 28 percent in January to its highest level in four months as retailers and financial firms cut jobs.
Unemployment Rate Likely to Hold at 8.5% in January: U.S. Economy Preview
Employers hired fewer workers in January than they did in December, showing companies and banks that lend to them remain concerned U.S. economic growth will cool after expanding rapidly in the fourth quarter of 2011, according to a survey of economists.
ISM Manufacturing Index Rises to 54.1% in January
U.S. manufacturing activities expanded at a faster pace in January, according to a closely-watched reading on the health of the sector in a demonstration that manufacturing is starting out the year on a positive note.
ADP Jobs Report: U.S. Companies Added 170,000 Workers in Jan
Companies added 170,000 workers to their payrolls in January, boosted again by a surge in service-providing sector employment, according to data released by ADP Employer Services Wednesday.
Merck & Co. Earnings Preview: Q4 Benefits from Diabetes Drugs, Cost Reductions
Merck & Co., the second-largest U.S. drugmaker, is projected to report stronger fourth-quarter profit on double-digit growth of key products, an increasing emerging markets presence and further cost reductions.
France Cuts 2012 GDP Growth Forecast to 0.5%; Growth to Return in 2H
France has cut its economic growth forecast for 2012 to 0.5 percent from 1 percent, Prime Minister Francois Fillon said Monday.
U.S. 4Q GDP Grew 2.8%, Fastest Pace in 2011 -- Weaker Q1?
The U.S. economy expanded at its fastest pace in the fourth quarter of last year, as consumers loosened their purse strings, companies rebuilt inventories and housing construction perked up.
U.S. Jobless Claims Rise to 377,000 on Seasonal Volatility
Claims for jobless benefits in the third week of January rose after falling to the lowest level in nearly four years. However, overall trends suggest fewer layoffs and more hiring.
