Lydia Mulvany

Business, Equipment

Deere Shares Fall; New CEO Adopts Cautious Outlook

John Deere equipment Nati Harnik/AP

Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.

Lydia Mulvany | Bloomberg News
November 27, 2019
Business

Deere Appoints New CEO

Deere Daniel Acker/Bloomberg News

Deere & Co. is promoting John May to lead the tractor-making giant through a tough agricultural environment, with outgoing CEO Samuel Allen, 66, to stay on as chairman.

Lydia Mulvany | Bloomberg News
August 29, 2019
Government, Business

Farm Suppliers Absorb Trade, Weather Blows Better Than Expected

Farming Shannon VanRaes/Bloomberg News

So far, the unprecedented trade and weather disruptions that are roiling American farmers aren’t stopping their suppliers from raking in profits.

Lydia Mulvany | Bloomberg News
July 30, 2019
Business, Logistics

Deere to Raise Prices as Raw Materials, Tight Capacity Push Costs Higher

Brent Lewin/Bloomberg News

Deere & Co. plans to raise prices as the world’s biggest farm-machinery manufacturer is buffeted by rising costs for freight and raw materials.

Lydia Mulvany | Bloomberg News
May 18, 2018