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News Summary: Deere & Co. 4Q results

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The Associated Press | November 21, 2012 03:34 PM EST | AP


DOWN ON THE FARM: Deere & Co. predicted a profit of about $3.2 billion, better than analysts expected. But it was cautious on several fronts. And fourth-quarter results missed analysts' expectations.

2013 FARM EQUIPMENT SPENDING HARVEST: U.S.: Flat. Europe: Flat to down 5 percent. South America: Up 10 percent. Asia: Little change.

ROW TO HOE: Deere is holding back on big spending projects until January, to see how the economic situation shapes up.