Deere & Co. reported slumping sales and...
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Deere & Co. reported slumping sales and second-quarter losses of $33.4 million and said it planned to cut production by extending some summer shutdowns and laying off more workers. The depressed farm economy continues to weigh heavily on the nation’s largest producer of agricultural equipment, company officials said. A year earlier, Deere reported a profit of $34.8 million.
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