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The net profit of the US engineering company Deere&Co in the second quarter, ended April 29, rose by 49.4% in annual terms to 1 billion 210 million dollars. Growth was facilitated by improved market conditions and increased sales of agricultural and construction equipment. Revenue increased by 29% to 10.7 billion dollars. Equipment sales reached 9.7 billion dollars, increased by 34.3%. Analysts had expected revenue of $9 billion 786 million dollars. The company expects by the end of the year to increase net sales and revenues by 26%, but expects an increase in expenses for raw materials and transportation.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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