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Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
The company beat Wall Street expectations on net income and revenue, posting a profit of $1.06 billion, or $2.61 per share, up from $904 million, or $2.12 per […]
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European Central Bank President Mario Draghi left open the option of further stimulus if the economy continues to deteriorate as investors await the outcome of elections in Greece and France.
While policy makers didn
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Consumer spending in the U.S. probably climbed in March as incomes grew, indicating the biggest part of the economy is helping to sustain the expansion, economists said before a report today.
Household purchases, which account for about 70 percent of the economy, rose 0.4 percent after a 0.8 percent gain that was the most in […]
The city of O’Fallon, Mo., hired Michael Hurlbert as its new economic development director.
Hurlbert is joining O’Fallon from the planning, architecture and design firm of Peckham, Guyton, Albers & Viets Inc., where he was senior project manager since September 2008.
Previously, he was the city planner and economic development administrator for Creve Coeur from 2004 to […]
Canadian banks, bolstered by profits per employee 31 per cent higher than U.S. lenders, added more than 2,800 workers in the most recent quarter while Bank of America Corp. and Washington Mutual Inc. shed thousands of jobs.
For every worker hired at one of Canada
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Higher gas costs drove U.S. wholesale prices up last month. But excluding the big jump in gas, inflation was mostly tame.
The Labor Department says the producer price index rose 0.4 percent in February, the most since September. The so-called “core” index, which excludes food and gas prices, increased 0.2 percent, the smallest gain in three […]
An inquiry into Australian media prompted by last year’s News Corp. scandal recommended on Friday better oversight of the industry and called for the establishment of a government-funded council to set and enforce journalistic standards.
The investigation was launched after Rupert Murdoch’s News Corp. closed its top-selling British tabloid, News of the World, last year over […]
New construction of U.S. houses retreated in December, putting an end to a year in which builders broke ground on a record-low number of single-family homes, the Commerce Department estimated Thursday.
Housing starts fell 4.1 percent to an annualized rate of 679,000 last month, after a strong gain in November had put starts at their highest […]