Latest Moline News
Struggling with falling demand for farm equipment, Deere & Co. announces nearly 600 layoffs
Deere & Co. is laying off nearly 600 workers as the farm equipment manufacturer deals with declining demand. Deere confirmed Monday that the production positions being cut are concentrated at two factories in Iowa and one at its home base in Moline, Illinois, where 280 employees...
More severe weather moves through Midwest as Iowa residents clean up tornado damage
DES MOINES, Iowa (AP) — Several tornadoes were reported in Iowa and Illinois as storms downed power lines and trees on Friday, just days after a deadly twister devastated one small town. The large storm system began overnight in Nebraska before traveling across central Iowa and...
Deere Q2 results top Street but it cuts 2024 profit outlook again as farmers buy fewer tractors
Deere's fiscal second-quarter results beat Wall Street's expectations, but the company lowered its full-year profit forecast for a second time as farmers buy fewer tractors and other equipment as they deal with declining prices for their crops. Deere, which makes agricultural...
Deere: Fiscal Q2 Earnings Snapshot
MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — Deere & Co. (DE) on Thursday reported fiscal second-quarter earnings of $2.37 billion. On a per-share basis, the Moline, Illinois-based company said it had net income of $8.53. The results topped Wall Street expectations....
QCR Holdings: Q1 Earnings Snapshot
MOLINE, Ill. (AP) — MOLINE, Ill. (AP) — QCR Holdings Inc. (QCRH) on Tuesday reported first-quarter profit of $26.7 million. The Moline, Illinois-based bank said it had earnings of $1.58 per share. Earnings, adjusted for non-recurring costs, came to $1.59 per share. ...
