(Reuters) – Deere & Co (DE.N: Quote, Profile, Research, Stock Buzz) said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery.
Shares of the world’s largest farm equipment maker fell as much as 4 percent in premarket trading.
(Reuters) – Many U.S. home buyers are returning to the market after almost a year as interest rates stabilize and regulators propose more relaxed rules on mortgage lending.
U.S. homebuilders D.R. Horton Inc and Toll Brothers Inc reported jumps in orders this week at rates not seen since last year.
Nov 6 (Reuters) – Orbitz Worldwide Inc cut the top
end of its 2014 revenue forecast as a strong U.S. dollar weighs
on returns from its international business, sending the online
travel operator’s shares down as much as 12 percent.
The operator of the Orbitz and CheapTickets websites also
reported a lower-than-expected third-quarter profit, hit by a
jump in marketing costs related to a new loyalty program. (bit.ly/1onKYU7)
Nov 5 (Reuters) – XPO Logistics Inc’s quarterly
revenue more than tripled, helped by acquisitions, an increase
in freight volumes and tight capacity across U.S. truck and rail
The company acts as a broker between shippers and freight
A shortage of truck drivers in the United States as well as
fuller rail networks are forcing more shippers to turn to
third-party logistics providers such as XPO to move freight.
By Ankit Ajmera and Sagarika Jaisinghani
(Reuters) – The U.S. Department of Education will introduce new regulations next year in its latest attempt to improve the job prospects of those graduating from for-profit colleges and universities.
Under the regulations unveiled on Thursday and effective July 1, for-profit colleges will be at risk of losing federal aid should a typical graduate’s annual loan repayments exceed 20 percent of discretionary income or 8 percent of total earnings.
By Sagarika Jaisinghani and Jed Horowitz
(Reuters) – American Realty Capital Properties Inc said on Wednesday it replaced its chief financial and chief accounting officers after its audit committee discovered “intentional” accounting errors.
The errors overstated the firm’s operating revenue in the first quarter and understated its net loss in the first half of the year, the company said in a filing with U.S. regulators.
(Reuters) – PulteGroup Inc (PHM.N: Quote, Profile, Research, Stock Buzz), the No.3 U.S. homebuilder, reported its smallest quarterly increase in home prices in almost two years, joining peers in suggesting that the steep rise in prices in the past couple of years has dampened demand.
Shares of PulteGroup, which focuses on first-time home buyers, fell about 2.5 percent in early trading.
Oct 21 (Reuters) – Apollo Education Group Inc said
it expects new student enrollments at its flagship University of
Phoenix to decline at a smaller rate in the coming year,
offering hope that the worst is over for the beleagured U.S.
for-profit education industry.
Apollo’s shares rose as much as 6 percent to their highest
in over a month after the company said sign-ups at the
University of Phoenix showed their smallest decline in 11
quarters in the three months ended Aug. 31.