Deere's stock falls as earnings beat but full-year outlook falls short

Shares of Deere & Co. dropped Thursday, after the agricultural, construction and turf equipment maker reported fiscal first-quarter earnings that were well above expectations but provided a downbeat full-year outlook, with business segment sales underperforming the industry. 


 
Children's Place's stock pops 21% after investor group takes majority stake

Troubled retailer will hold talks seeking financing, and says the move has put it into default on its credit agreement 


 
Volkswagen Under Pressure to Ditch Its China Joint Venture as U.S. Impounds Vehicles

Large German manufacturers have expanded their footprints in China, threatening Berlin's efforts to reduce its economic reliance on the Asian giant. 


 
Target takes lesson from dollar stores with new Dealworthy brand

Target unveiled a new brand featuring products as low as under $1 as consumers push back against higher prices. 


 
Have Uber and Lyft Finally Found a Way to Make Ride-Sharing Profitable?

Getting there has been a bumpy ride. Analysts want to see if the companies can sustain it. 


 
Late Mortgage Payments Pile Up for Giant Apartment Lender

Arbor Realty loans funded a Sunbelt apartment boom. Many of its borrowers are now struggling with higher interest rates. 


 
Stellantis Launches Buyback After Record Year

Stellantis said it would launch a buyback of EUR3 billion after it posted an adjusted operating income slightly ahead of views for 2023, and added demand would be high but named pricing, labor costs, and an unpredictable EV market as headwinds for the year ahead. 


 
Airbus Extends Lead Over Boeing Amid Archrival's Stumbles

Analysts are questioning whether the end is near for the duopoly that has dominated the airplane-manufacturing industry for decades. 


 
BHP Signals $5.7 Billion of Write-Downs From Nickel Crash, Dam Failure Fallout

The world's biggest miner says it could mothball its big Nickel West operation if prices of the battery metal don't improve. 


 
Sony Shares Drop on Weak Outlook for PlayStation 5, Gaming

Sony Group shares had their worst day in two years after flagging weakness in its gaming business in its latest quarterly results, alongside a trimmed forecast for PlayStation 5 sales.


(END) Dow Jones Newswires

02-15-24 0915ET