Deere first-qtr profit falls 45 pct amid slowdown (AP)

In this Nov. 25, 2008 file photo, a John Deere logo is seen on a tractor at Harvest Equipment in Montpelier, Vt., Tuesday, Nov. 25, 2008. Agricultural equipment maker Deere & Co. said Wednesday, Feb. 18, 2009, its fiscal first-quarter earnings slid 45 percent, as the global economic slowdown, higher raw material costs and currency fluctuations hurt results.  (AP Photo/Toby Talbot, file)AP – Deere & Co.’s quarterly profit tumbled 45 percent as the global economic slowdown and stronger dollar hurt demand for its tractors and construction equipment.

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