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The Student News Site of Northern Illinois University

Northern Star

The Student News Site of Northern Illinois University

Northern Star

For-profit firm seeking to run .org names makes concessions

By ROBERT JABLON | February 21, 2020

LOS ANGELES (AP) — A private equity firm seeking to buy rights to operate the internet's .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community.Ethos Capital has offered...

Greyhound to stop allowing immigration checks on buses

By GENE JOHNSON | February 21, 2020

SEATTLE (AP) — Greyhound, the nation's largest bus company, said Friday it will stop allowing Border Patrol agents without a warrant to board its buses to conduct routine immigration checks.The company's announcement came one week after The Associated...

Democrats avoid immigration specifics ahead of Nevada vote

By NICHOLAS RICCARDI | February 21, 2020

LAS VEGAS (AP) — As a diverse crowd filled a college student union this week, they swapped stories of seeking refuge in the U.S. or living in households that were a mix of U.S. citizens and people in the country illegally. They hoped to share their...

Former Iowa governor, US ag secretary to monitor drugmaker

February 21, 2020

WHITE PLAINS, N.Y. (AP) — Tom Vilsack, a former Iowa governor and U.S agriculture secretary, will monitor Purdue Pharma to ensure the OxyContin maker does not revive an aggressive marketing effort that critics say overstated the benefits of its opioid...

Bryson DeChambeau birdies his way to 1-shot lead in Mexico

By DOUG FERGUSON | February 21, 2020

MEXICO CITY (AP) — Bryson DeChambeau kept making so many birdies in the Mexico Championship that when he rolled in his ninth one from 45 feet, all he could do was throw his hands in the air in pure wonder.He wasn't alone Friday in making birdies, although...

Democrats try to blunt strong California showing for Sanders

By KATHLEEN RONAYNE | February 21, 2020

SACRAMENTO, Calif. (AP) — California is the largest prize in the calculations of any Democratic presidential candidate, and Bernie Sanders has been working the state for months, worrying his rivals.Sanders has been organizing intensively among Latinos...

Venezuela’s Maduro taps DC firm to fight US sanctions

By JOSHUA GOODMAN | February 21, 2020

MIAMI (AP) — A top official for Venezuelan President Nicolás Maduro's government has hired a Washington law firm that also represents Turkey, taking over from another legal team that backed out last month following an outcry from critics who accused...

Sanders condemns Russian influence in election

By STEVE PEOPLES | February 21, 2020

WASHINGTON (AP) — Democratic presidential candidate Bernie Sanders said Friday he was briefed by U.S. officials “about a month ago” that Russia has been trying to help his campaign as part of Moscow's efforts to interfere in the 2020 presidential...

McConnell-linked group funds ads helping N Carolina Democrat

By GARY D. ROBERTSON | February 21, 2020

RALEIGH, N.C. (AP) — A political committee linked to Senate Majority Leader Mitch McConnell is funding ads and other campaign materials designed to meddle in North Carolina's Democratic Senate primary, the group acknowledged on Friday.Campaign finance...

Bright lights, big stakes for Democrats in Nevada

By STEVE PEOPLES, MICHELLE L. PRICE, and JONATHAN J. COOPER | February 21, 2020

LAS VEGAS (AP) — Just past the roulette wheel and slot machines, the smoky bars and blinking lights, Nevada Democrats are preparing to weigh in on their party's presidential nomination fight.Seven casino-resorts on the Las Vegas Strip stand among 200...

Iowa Democrats agree to Buttigieg, Sanders limited recount

By THOMAS BEAUMONT | February 21, 2020

DES MOINES, Iowa (AP) — The Iowa Democratic Party is agreeing to recount the results in about two dozen of almost 1,700 precinct caucuses as part of the ongoing process to resolve the weeks-long question of who won Iowa's tarnished presidential caucuses.Campaign...

Deere sees some stability on farms in bruising trade fight

By MICHELLE CHAPMAN | February 21, 2020

Deere had a surprisingly strong first quarter after an extended period in which it was bruised by the ongoing trade war between the United States and China.

“Farmer confidence, though still subdued, has improved due in part to hopes for a relaxation of trade tensions and higher agricultural exports,” CEO John May said in a prepared statement Friday.

China announced Friday that it suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington. Under their “Phase 1” agreement signed in January, Washington agreed to cancel additional tariff hikes and Beijing committed to buy more American farm exports.

China's retaliatory tariffs have clobbered exports of soybeans and other commodities, hurting farmers, and in turn, farming equipment manufacturers.

The Trump administration has provided $27 billion in aid to farmers to ease the pain of his trade war. And in a tweet Friday, he promised to expand the bailout if farmers need it as they await the economic benefits of his recent trade deals with Mexico, Canada and China. He said the aid would be financed by revenue from his tariffs on foreign goods — taxes that are paid by American importers.

Deere, based in Moline, Illinois, has posted three consecutive quarters of falling profits and slowing sales growth with trade tensions between the world's two largest economies ongoing.

For the three months ended Feb. 2, Deere & Co. earned $517 million, or $1.63 per share. The per-share earnings easily beat the $1.28 that industry analysts had expected, according to a survey by Zacks Investment Research, and it topped last year's quarterly profit of $498 million, or $1.54 per share.

Adjusted revenue —which excludes financial services revenue— was $6.53 billion, also beating Wall Street's estimate of $6.2 billion.

The quarterly performance is in contrast to a year ago, when Deere cautioned on anxious farmers and rising costs.

Looking ahead, the companystill foresees fiscal 2020 earnings of $2.7 billion to $3.1 billion,unchanged from its previous guidance.

Shares of Deere & Co. jumped more than 6% at the opening bell.

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Portions of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DE at https://www.zacks.com/ap/DE