Deere Sees Weak 2016 Demand as Farm Economy Slows
Deere & Co. reports quarterly earnings decline less steep than expected and offers a modest 2016 outlook. The firm foresees about 11 percent first quarter sales drop and a roughly 7 percent yearly fall, with net income around 1.4 billion.
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Syngenta Mulls Takeovers Ventures As Industry Eyes Shake-Up
Syngenta chairman Michel Demare said the company is considering takeovers joint ventures or partial sales as it seeks an active role after fending off Monsanto's 47 billion approach. Interim CEO John Ramsay noted potential collaboration with DuPont while regulators and shareholder terms will guide any deal. Syngenta leads the crop chemicals market with about 19 percent share ahead of Bayer CropScience.
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EPA poised to raise biofuels mandates for next year
Sources say the EPA will boost the Renewable Fuel Standard to about 18 billion gallons of renewable fuels next year up from 16.3 billion, citing higher fuel demand and revised export estimates as climate talks open in Paris. The move aims to cut foreign oil use though criticisms cite infrastructure and regulatory delays.
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