Global demand lifts farm machinery maker Deere's 2Q profit by 22 pct, warns of cost pressures

Deere & Co., the world's biggest maker of farm machinery, said Wednesday its second-quarter profit rose 22 percent, propelled by lofty crop prices that stoked global demand for its farm equipment despite a faltering U.S. economy. But the Moline, Illinois-based company warned that rising material... [read full story]