Daily business briefing: Deere and Co. see income jump

February 12, 2014 

First-quarter net income rose almost 5 percent for Deere & Co as the company reported high crop prices in recent years have benefited farmers. As a result, this has driven a boom in demand for Deere's iconic green and yellow tractors and other motorized farm gear. Read more at http://www.bnd.com/stlouis. ...


Toyota is recalling 1.9 million hybrid Prius cars because of a software glitch that could cause the vehicle to stall. Toyota Motor Corp. said the problem is recalling 997,000 Prius cars in Japan, some 713,000 in North America and another 130,000 in Europe. Find out more at http://www.bnd.com/stlouis. ...


Heineken NV expects higher sales volumes this year. Heineken reported a 52 percent fall in net profit last year to $1.85 billion while revenues increased 1.3 percent. Learn more at http://www.bnd.com/stlouis. ...


The percentage of mortgage holders at least two months behind on their payments fell in the fourth quarter to 3.85 percent. Credit reporting agency TransUnion said that was down from 5.08 percent a year earlier. For more information, go to http://www.bnd.com/stlouis.

-- Will Buss, BND business writer

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