Deere & Co. focuses on long-term prospects overseas

Deere & Co. plans to temporarily close its plant in Ottumwa, Iowa, even as the company ramps up production overseas in India and Russia. The equipment manufacturer's earnings may suffer in the short term, but the company is focusing on long-term prospects abroad. Deere's balance sheet also remains healthy, with $5 billion in cash and $10.6 billion in retained earnings, according to Moody's Investor Services.

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Des Moines Register (Iowa) (tiered subscription model), The

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