Deere profit rises on farm, forest sales
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Deere & Co. , the world's largest maker of agricultural and building equipment, reported higher quarterly profit on Wednesday as strong sales to farmers and foresters more than offset a decline in sales to builders.
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U.S. forest products company Weyerhaeuser Co.  posted a quarterly profit on Friday, versus a year-earlier loss, helped by a refund of duties and an increased profit from its real estate business.
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Weyerhaeuser Co.'s third-quarter  profit rose on higher prices for lumber and a large gain from  the sale of timberlands in Georgia, the company said on Friday.
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Agribusiness company Archer Daniels Midland Co. (ADM.N: Quote, Profile, Research) on Friday posted a 77 percent jump in quarterly profit, helped by record North American harvests and lower
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Weyerhaeuser Co.'s  quarterly profit  rose sharply on a large gain from the sale of timberlands in  Georgia and it set tender offers to reduce as much as $700  million in debt, the company said on Friday.
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The DuPont Company, the chemical giant, said Tuesday that fourth-quarter earnings rose before special items, in part because of increased profit from its performance materials business and strong agricultural sales in Brazil.
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DuPont Co , one of the largest  U.S. chemical makers, said on Tuesday that third-quarter profit  rose more than 8 percent on strong sales from its agriculture  and nutrition segment, coupled with overseas growth.
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Diversified manufacturer Ingersoll-Rand Co. Ltd.  reported a sharply higher quarterly profit on Thursday that reflected a large gain on the sale of its Bobcat machinery division.
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Monsanto Co.   reported on Thursday that quarterly earnings jumped 71 percent,  driven partly by surging sales of its genetically modified corn  and other seeds.
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Lawnmower manufacturer Toro Co. on Wednesday said its profit grew 23 percent in the fourth quarter, helped by higher sales across all of its product segments and a surge in overseas demand.
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Corn and soybean prices were slightly  higher on Friday, bouncing back from early losses made after a  government report said U.S. farmers this year would harvest  more bushels of each commodity than ever before.
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General Electric said its fourth-quarter profit rose 4 percent as surging overseas sales more than offset the fallout from domestic woes.
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Deere & Co. (DE.N), one of the world's largest farm equipment makers, on Tuesday said quarterly earnings jumped sharply, driven in part by strength in its agricultural and construction equipment businesses.
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Deere & Co.  on Tuesday said quarterly earnings rose 30 percent on strong demand, higher selling prices and increased efficiency, but the farm equipment maker fell short of analysts' estimates and gave a weak forecast, sending its shares down 3 percent in early trading.
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With big tractors, big sales, and big earnings, Deere's hoeing a profitable row.
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Agricultural company Monsanto Co  said on Thursday its quarterly profit nearly tripled, helped by strength in its corn seed and herbicide businesses, and raised its 2008 forecast.
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The companyâs third-quarter profit beat expectations, lifted by an extra week of holiday shopping and sales of video game consoles and GPS devices.