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Deere & Company.

Deere & Company, Moline, I11., announces record worldwide net income of $477.3 million for the second quarter, compared with net income of $256.9 million last year. For the first six months, net income was a record $648.1 million compared with $324.9 million for the period last year. Division

sales for agricultural equipment increased 29 percent for the quarter. The sales increases were mainly due to higher shipments, reflecting strong retail demand, the impact of currency translation and improved price realization.

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