Deere & Company Reports Stronger than Expected Quarterly Profit and Sears Holdings May Sell its Canadian Operations

Deere & Company (NYSE: DE) reported a quarterly profit that was stronger than expected but then trimmed its outlook for full year sales of farm equipment. The company has cited deteriorating conditions in South America and the former Soviet Union.  Deer's green-and-yellow tractors and harvesters fell 12 percent during the second quarter ended on April 30, , but cost cuts, a lower-than-expected tax rate and improved margins in its construction equipment unit helped offset that weakness. Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and