Deere shares slide as sales miss estimates

Deere shares slide as sales miss estimates

Deere & Co reported quarterly sales below estimates and its full-year farm equipment sales forecast indicated sluggish demand for its trademark green tractors and harvesting combines in the United States, sending its shares down 9 percent. While analysts have said the weakness in the farm sector has bottomed out, bumper corn and soybeans harvests in the United States have kept prices low, leaving farmers with less cash to spend on farm equipment. "Investors have rewarded Deere shares with meaningful multiple expansion as (agriculture) markets have bottomed and management made visible and meaningful progress on cost reduction," Dobre noted.


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Investors grab top-rated bonds as stocks tumble on Trump doubts

Demand for highly-rated euro zone bonds increased on Friday as equity markets tumbled on mounting evidence that U.S. President Donald Trump will face difficulty passing his economic agenda. Meanwhile, the gap between yields on southern European bonds issued by Spain and Portugal and those on higher-rated German debt widened in a global retreat from riskier assets that saw the biggest drop in three months on Wall Street overnight. "We have seen the first wobble in equities for some time now, with the S&P closing down 1.5 percent last night, so there's a bit of a risk-off safe haven bid for bonds at the moment," said Daniel Loughney, portfolio manager at AllianceBernstein.


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AT&T considers sale of home security business – sources

AT&T considers sale of home security business - sources

AT&T Inc is exploring options for its Digital Life home security business, including selling it, as it seeks to pay down debt following its planned $85.4 billion acquisition of Time Warner Inc, people familiar with the matter said. The divestiture would mark a reversal for AT&T, which entered the U.S. home security market with the introduction of Digital Life in 2013. Digital Life accounted for a tiny fraction of AT&T's $163.8 billion in revenue in 2016.


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ELD’s Can Open the Door to Big Data

If knowledge is power, then Electronic Logging Devices (ELD) could be the most powerful device on the truck. Sure, the device at its most basic is responsible only for monitoring hours of service, but the potential of networking and integrating data is impossible to ignore.

Why settle for simple electronic logging when it can serve as a total fleet management solution in a box?

A friend of mine drives for a 10-truck floral distribution company and makes regular runs from Ontario's Niagara region to Chicago, Michigan, and western New Jersey. The picture he paints of his distribution manager would be amusing if it were not (most likely) true. The manager must be a fellow who grew up trucking in the '60s, and still listens to eight-track tapes of Red Sovine and Dave Dudley. The routes are badly planned, trucks are frequently diverted en route, the vehicles are always breaking down, and all communication with drivers is done over the -telephone. And he doesn't believe in ELDs. My friend says his boss will wait until the last possible moment to equip his fleet – and then only because he must.

Too bad. He's missing out on the predictive analytics that can be channeled through the device to deliver maintenance alerts that could forestall or outright prevent all those breakdowns. The manager is not even looking at the routing and scheduling potential because he thinks drivers will no longer be able to complete their routes within the -confines of legal hours of service, my friend suggests.

“While your ELD and telematic solution may not be a routing application per se, there's probably some routing features and functionality in there,” says Robin Kinsey, a training specialist with Oakville, Ontario-based Geotab. “You can optimize the route from the start and then compare arrival and dwell times to see ...Read the rest of this story