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The Student News Site of Northern Illinois University

Northern Star
The Student News Site of Northern Illinois University

Northern Star

Crackdown on immigrants who use public benefits takes effect

By ANITA SNOW | February 24, 2020

PHOENIX (AP) — Pastor Antonio Velasquez says that before the Trump administration announced a crackdown on immigrants using government social services, people lined up before sunrise outside a state office in a largely Latino Phoenix neighborhood to...

Iran says voter turnout dips below 50% in a first since 1979

By Associated Press | February 23, 2020

TEHRAN, Iran (AP) — Iran’s interior ministry said voter turnout in recent parliamentary elections stood at 42.57%, the first time it dipped below the 50% mark since the country's 1979 revolution that ushered in a Shiite theocratic establishment to...

‘Promises kept’ mantra doesn’t always match Trump’s reality

By KEVIN FREKING | February 23, 2020

WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)."That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally...

India, US struggling to bridge trade dispute as Trump visits

By PAUL WISEMAN | February 22, 2020

WASHINGTON (AP) — American dairy farmers, distillers and drugmakers have been eager to break into India, the world’s seventh-biggest economy but a tough-to-penetrate colossus of 1.3 billion people.Looks like they’ll have to wait.Talks between the...

At Trump’s India rally, Modi bets on bolstering his image

By SHEIKH SAALIQ | February 22, 2020

AHMEDABAD, India (AP) — A festive mood has enveloped Ahmedabad in India’s northwestern state of Gujarat ahead of Prime Minister Narendra Modi's meeting there on Monday with President Donald Trump, whom he's promised millions of adoring fans.The rally...

San Diego sheriff agrees to share immigration information

By ELLIOT SPAGAT | February 21, 2020

SAN DIEGO (AP) — The San Diego County Sheriff's Department will share records of people who were criminally arrested with immigration authorities, becoming the first local law enforcement agency in five states to comply with unusual demands for information,...

In Nevada, Biden casts Sanders, Bloomberg as party posers

By MICHELLE L. PRICE and BILL BARROW | February 21, 2020

LAS VEGAS (AP) — As the Democratic presidential primary advances toward Super Tuesday, Joe Biden wants voters to choose a loyal Democrat. Preferably him, of course, but mostly just not Bernie Sanders or Mike Bloomberg.“They're not bad folks. They’re...

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...

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

Trump signals he’s prepared to give farmers more federal aid

By KEVIN FREKING | February 21, 2020

WASHINGTON (AP) — President Donald Trump signaled Friday that he’s prepared to tap federal coffers again to help farmers suffering from the tariff fights that he initiated.The Trump administration over the past two years has committed to providing...

Fed officials downplay virus even as markets see rate cuts

By CHRISTOPHER RUGABER | February 21, 2020

WASHINGTON (AP) — When Wall Street expects the Federal Reserve to cut interest rates, should that influence the Fed's decisions?Two Fed officials diverged on that issue in remarks Friday at a monetary policy conference in New York. The disagreement...

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