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It is an unexpected truce between Sony, which makes Playstation consoles, and its far larger U.S. rival. Details have yet to be disclosed, and it's not clear why Sony, which Microsoft earlier offered a 10-year contract, has had a change of heart. Sony's video-game division reported digital software and content sales of $11 billion in the fiscal year to March. Yoshida has been selectively snapping up smaller gaming studios to beef up Playstation content, including splashing out $3.6 billion for developer Bungie. Details were not disclosed, but a Microsoft spokesperson clarified with various media that the deal is for 10 years.
Persons: it's, Boss Kenchiro Yoshida, Yoshida, Phil Spencer, Una Galani, Thomas Shum Organizations: Reuters, Activision Blizzard, Sony, Activision, Microsoft, Nintendo, Nvidia, U.S, UK Competition, Markets Authority, Bungie, Nikkei, Federal Trade, Thomson Locations: HONG KONG, U.S
Game enthusiasts and industry personnel walk between the Microsoft Xbox and Sony PlayStation exhibits at the E3 trade show on June 16, 2015 in Los Angeles, California. Sony has signed a binding agreement with Microsoft to keep Call of Duty on its PlayStation gaming consoles after closing the Activision Blizzard acquisition, Microsoft said on Sunday. "We are pleased to announce that Microsoft and PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard," Microsoft Gaming CEO Phil Spencer said on Twitter Sunday. Regulators around the world had expressed significant concern about Microsoft's power over the gaming market if an Activision acquisition was approved. The deal does something to ameliorate those concerns, although Microsoft and Sony aren't disclosing the duration of the agreement.
Persons: Activision Blizzard, Phil Spencer, Jim Ryan, Ryan, Brad Smith, divestitures Organizations: Microsoft Xbox, Sony PlayStation, Sony, Microsoft, PlayStation, Activision Blizzard, Activision, Twitter, Regulators, Sony's PlayStation, Federal Trade Commission, FTC, EU, Markets Authority Locations: Los Angeles , California, San Francisco federal
LOS ANGELES, July 12 (Reuters) - HBO drama "Succession," the story of a cutthroat fight for control of a family's media empire, led the nominees for television's Emmy awards on Wednesday with 27 nods for the show's final season. Others competing for best drama included HBO's "Game of Thrones" prequel "House of the Dragon," vacation-gone-wrong story "The White Lotus and "Star Wars" series "Andor." Sarah Snook, another Roy sibling, is considered the favorite to win best drama actress. [1/5]77th Golden Globe Awards - Photo Room - Beverly Hills, California, U.S., January 5, 2020 - The cast of "Succession" poses backstage with their Best Television Series - Drama award. First-time nominees Jeremy Allen White of "The Bear" and Jason Segel of "Shrinking" are also among those who will compete for best comedy actor.
Persons: Alan Ruck, Roy, Saul, Ted Lasso, Abbott, Maisel, Barry, Dahmer, Jeffrey Dahmer, Obi, Wan, Brian Cox, Jeremy Strong, Kieran Culkin, Sarah Snook, Mike Blake, Jason Sudeikis, Jeremy Allen White, Jason Segel, Rachel Brosnahan, Quinta Brunson, Christina Applegate, Natasha Lyonne, Jenna Ortega, Brunson, Clayton Davis, Pedro Pascal, Jimmy Smits, Davis, Janelle James, Sheryl Lee Ralph, Jessica Williams, Harrison Ford, Frank Scherma, Lisa Richwine, Mark Porter, David Gregorio Our Organizations: Hollywood, HBO, Television Academy, Disney, Warner Bros Discovery, Netflix, Globe, Best, REUTERS, Apple, Twitter, Variety, Voters, Fox, Organizers, Thomson Locations: ANGELES, Beverly Hills , California, U.S
[1/5] 77th Golden Globe Awards - Photo Room - Beverly Hills, California, U.S., January 5, 2020 - The cast of "Succession" poses backstage with their Best Television Series - Drama award. REUTERS/Mike Blake/File PhotoLOS ANGELES, July 12 (Reuters) - HBO drama "Succession," the story of a cutthroat fight for control of a family media empire, led the nominees for television's Emmy awards on Wednesday with 27 nods for the show's final season. Other best drama nominees were "House of the Dragon," "Andor," "Better Call Saul," "Yellowjackets," "The Crown" and "The White Lotus." "Ted Lasso," another double Emmy winner for best show, will compete for best comedy against "Abbott Elementary," "The Marvelous Mrs. Maisel," "The Bear, "Barry," "Jury Duty," "Only Murders in the Building" and "Wednesday." Nominations for the highest honors in television were announced in the middle of labor tensions that may delay the Emmys ceremony that normally takes place in September.
Persons: Mike Blake, Saul, Ted Lasso, Abbott, Maisel, Barry, Lisa Richwine, Mark Porter Organizations: Globe, Best, REUTERS, HBO, Thomson Locations: Beverly Hills , California, U.S
She gave the FTC until Friday to seek an order in the San Francisco-based 9th U.S. The FTC had no immediate comment on whether it would appeal and what arguments it might make before a three-judge panel. "The FTC may have difficulty on appeal establishing that fact - without which the case as they framed it goes away," Crane said. In her 53-page order, Corley said it was not enough for the FTC to argue that "a merger might lessen competition - the FTC must show the merger will probably substantially lessen competition." A trial before an administrative law judge at the FTC begins on Aug. 2.
Persons: Jacqueline Scott Corley, Corley, Daniel Crane, Crane, Luke Hasskamp, Robert Lande, Joseph Alioto, Alioto, Mike Scarcella, Matthew Lewis Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Circuit, Appeals, FTC, University of Michigan Law School, University of Baltimore, Thomson Locations: U.S, San Francisco, Washington
A federal judge in San Francisco has denied the Federal Trade Commission's motion for a preliminary injunction to stop Microsoft from completing its acquisition of video game publisher Activision Blizzard. The judge was deciding whether to grant the FTC's request for an emergency injunction to prevent the deal from closing. Microsoft CEO Satya Nadella and Activision Blizzard CEO Bobby Kotick both testified, as did executives from Alphabet, Nvidia and Sony. Kotick said during the hearings that the Activision Blizzard board didn't see how the deal could continue if the judge were to grant the preliminary injunction. "After today's court decision in the U.S., our focus now turns back to the UK.
Persons: isn't, Jacqueline Scott Corley, Bobby Kotick, Brad Smith, we've, Satya Nadella, we'll, Kotick, Smith Organizations: Federal, Microsoft, Activision Blizzard, FTC, Competition, Markets Authority, Court, Activision, U.S, Northern, Northern District of, PlayStation, Nvidia, Sony, Federal Trade Commission, CMA Locations: San Francisco, United Kingdom, Northern District, Northern District of California, Europe, U.S
In late May last year, some 250 salespeople at American Express learned they weren't going to get paid. In addition to earning commissions, the Premium Wire volumes helped them reach higher compensation tiers, known as kickers. For the first time, the Premium Wire product made economic sense. The presentation discussed shifting the sales focus toward Premium Wire and another product to "accelerate revenue growth and meet client's needs." Isserlis said Williams was fired because of misconduct unrelated to Premium Wire.
Persons: Amex, salespeople, Salespeople, Adam Isserlis, Isserlis, Stephen Squeri, John Moore, Amex salespeople, Pablo Ribas, Ribas, Anna Marrs, Marrs, Charles Schwab, Schwab, Mike Peterson, Charlene Luke, they'd, Nick Williams, Williams, Nick, Mr, , Thomas Zoerner, Zoerner, Amex's, she's, weren't, Carter Johnson Organizations: American Express, Commercial Services, Securities and Exchange Commission, Justice Department, Internal Revenue Service, Street, IRS, Getty, Credit, Employees, Business, SME, Global Commercial Services, Marriott, Express, University of Florida's Levin College of Law, Amex, California Labor, Court, whistleblowing Locations: Brooklyn, California, Manhattan, Canadian, , Orange County , California, New York, Webex
WASHINGTON, June 29 (Reuters) - Canada's Department of Justice has concluded that Microsoft's (MSFT.O) deal to buy "Call of Duty" maker Activision Blizzard (ATVI.O) "is likely to" lead to less competition in some aspects of gaming, according to a court filing on Thursday. Microsoft has pressed for a decision in the court fight before the July 18 termination date for the deal. "We received notice from the Canada Competition Bureau that it would continue to monitor our acquisition of Activision Blizzard after the formal waiting period preventing the deal to close expired," a Microsoft spokesperson said. Microsoft's bid to acquire the "Call of Duty" videogame maker also faces opposition from British competition authorities. Microsoft's appeal to Britain's Competition Appeal Tribunal is scheduled for July 28.
Persons: Microsoft's, Diane Bartz, Matthew Lewis Organizations: Canada's Department of Justice, Activision, Microsoft's, U.S . Federal Trade Commission, FTC, Microsoft, Canada Competition Bureau, Activision Blizzard, Thomson Locations: Canada, U.S, British, Washington
"You would have a revolt if you were to remove the game from one platform," said Kotick. He said that removing "Call of Duty" from PlayStation, which is made by Sony Group (6758.T), would be "very detrimental" to Activision's business. The Federal Trade Commission has asked a judge to stop the Microsoft acquisition temporarily in order to allow the agency's in-house judge to decide the case. Microsoft CEO Satya Nadella is scheduled to testify on Wednesday afternoon before Judge Jacqueline Scott Corley in federal court. The agency says the transaction would give Microsoft, which makes the Xbox console, exclusive access to Activision games, leaving Nintendo (7974.T) and Sony Group out in the cold.
Persons: Bobby Kotick, Kotick, Satya Nadella, Jacqueline Scott Corley, Biden, Diane Bartz, Greg Bensinger, Matthew Lewis Organizations: FRANCISCO, Activision, Microsoft, PlayStation, Sony Group, Federal Trade Commission, FTC, Nintendo, Britain's, Markets Authority, Thomson Locations: United States, Washington, San Francisco
Microsoft CEO Satya Nadella arrives to court in San Francisco on June 28, 2023. Microsoft CEO Satya Nadella said Wednesday that he would like to eliminate exclusive arrangements between video games and popular gaming consoles. Microsoft employs the strategy as well for its Xbox, though Nadella said his company is a "low share player in the console market." Regarding exclusive deals, Nadella said "I have no love for that world." The FTC is worried that the tie-up could allow Microsoft to withhold popular games in Activision's library from other consoles or degrade service for those games elsewhere.
Persons: Satya Nadella, Nadella, Sony hasn't, Jim Ryan, he's Organizations: Microsoft, Activision Blizzard, Federal Trade, Nintendo, Sony, FTC, Activision, Sony Interactive Entertainment, Linux Locations: San Francisco, California
The Federal Trade Commission has asked a judge to stop the proposed acquisition because, it argues, it would give Microsoft, maker of the Xbox console, exclusive access to Activision games, which include the highly popular "Call of Duty." Asked if Microsoft would have any incentive to refuse to allow the games on Sony's PlayStation in order to sell more of its Xbox consoles, Nadella responded, "It makes no economic sense and no strategic sense." To address the FTC concerns, Microsoft has agreed to license the blockbuster "Call of Duty" to rivals. It has also argued that it is better off financially by licensing the games to all comers. Kotick argued there was no incentive for Microsoft, if it closes the deal for Activision, to restrict who offers the company's games.
Persons: Microsoft Corporation Satya Nadella, Satya Nadella, Nadella, Jacqueline Scott Corley, Biden, Bobby Kotick, Kotick, Diane Bartz, Greg Bensinger, Matthew Lewis Organizations: Microsoft Corporation, . Federal Trade Commission, Microsoft, Activision Blizzard, FRANCISCO, Activision, Federal Trade Commission, Nintendo, Sony Group, FTC, PlayStation, Britain's, Markets Authority, Thomson Locations: California, Downtown San Francisco , California, U.S, WASHINGTON, San Francisco, United States, Washington
WASHINGTON, June 22 (Reuters) - The U.S. Federal Trade Commission on Thursday will argue in federal court for a preliminary injunction to temporarily block Microsoft's acquisition of videogame maker Activision Blizzard, stopping the deal from closing before the government's case against the deal is heard. But if the court pauses the deal, Microsoft and Activision will have to agree to extend it past a July 18 termination date built into their original agreement. The FTC fears that without action by the federal court, the combined firm "could alter Activision's operations and business plans" and could allow Microsoft to access sensitive business information. Resolving the U.S. lawsuit is one of several key antitrust battles Microsoft and Activision have fought around the world to get the deal finalized. Microsoft CEO Satya Nadella and Activision CEO Bobby Kotick are among the witnesses planned for a five-day evidentiary hearing.
Persons: Satya Nadella, Bobby Kotick, Chris Sanders, Leslie Adler Organizations: U.S . Federal Trade Commission, Activision, Microsoft, Microsoft Corp, Activision Blizzard Inc, FTC, EU, Nintendo, Sony Group, Sony, Thomson Locations: San Francisco
Tim Fitzgerald will succeed Heitsenrether as global head of securities services, according to another memo. Since Heitsenrether took over securities services in 2015, the division's revenue has risen by more than 22%, while assets under custody grew by almost $9 trillion, according to the memo announcing her new position. Fitzgerald, based in Dublin, was promoted in 2021 to global head of custody and fund services after joining the lender in 2016. He will report to Marc Badrichani and Troy Rohrbaugh under a newly merged division overseeing markets, sales, research and securities services. Badrichani runs global sales and research at the bank, while Rohrbaugh leads its trading arm.
Persons: Teresa Heitsenrether, Tim Fitzgerald, Heitsenrether, Fitzgerald, Marc Badrichani, Troy Rohrbaugh, Rohrbaugh, Nupur Anand, Lananh Nguyen, Mark Porter, Jonathan Oatis Organizations: YORK, JPMorgan Chase &, Reuters Wednesday, Bloomberg, Thomson Locations: U.S, Dublin
Disney CEO Bob Iger has reorganized the company into 3 core units: entertainment, ESPN, and parks. Parks' growing prominence comes as the company faces looming decisions over Iger's CEO. Travel bans "dramatically impacted" results for Disney Parks during the intense early years of the coronavirus pandemic, Heger noted, adding that parks are now generating more revenue and operating profit than they did in pre-COVID times. The parks' success is "helping to offset" losses from Disney's "DTC," or direct-to-consumer streaming business, Heger added. Josh D'Amaro, the current chairman for Disney Parks, Experiences, and Products, would be a likely figure appearing on any shortlist of CEO contenders.
Persons: Bob Iger, Parks, It's, Dave Heger, Edward Jones, Heger, AECOM, Iger, Josh D'Amaro, Christine McCarthy —, Iger's, Bob Chapek, Ron DeSantis, Chapek, Hollywood creatives, Tom Staggs, Iger —, , Chapek's, it's, you've, Jeffery Merola, he'd, DeSantis, Reed Alexander Organizations: Disney, ESPN, Disney Parks, Walt Disney, Disneyland, Products, Florida Gov, Hollywood, Los Angeles Times, Sunshine State Locations: Tokyo, Shanghai, Orlando , Florida, Anaheim , California, execs, Chapek, Syracuse , New York, Orlando
"We’re thrilled to have him remaining close to the Wheel of Fortune family!” she said. "Wheel of Fortune" originally aired as an NBC network program on daytime television in 1975, with Chuck Woolery as host. While "The Price is Right" holds the record as the longest continuously running game show on American television, "Wheel of Fortune" has the longest unbroken run of any syndicated U.S. game show. Sajak left the NBC evening edition of "Wheel" when his own short-lived late-night talk show premiered on CBS. Meanwhile, Sajak was replaced on NBC's "Wheel" by Rolf Benirschke, who was in turn succeeded by Bob Goen when the network program moved to CBS, then briefly back to NBC.
Persons: Pat Sajak, Sajak, I've, It's, Suzanne Prete, We’re, Vanna White, White, Merv Griffin, Chuck Woolery, Bob Barker, Alex Trebek, Rolf Benirschke, Bob Goen, Steve Gorman, Robert Birsel Organizations: American, Twitter, Sony Pictures Television, NBC, CBS, Thomson Locations: ANGELES, Los Angeles
The FTC just filed a new lawsuit to seek to stop Microsoft's purchase of Activision Blizzard. Microsoft has been trying to win the OK from global regulators for the nearly $70 billion purchase. This suit, filed in federal court in San Francisco, seeks to stop the deal from closing. "We welcome the opportunity to present our case in federal court," Brad Smith, Microsoft's vice chair and president, said in a statement Monday. "By filing in federal court to enjoin the transaction, the FTC is showing that it won't back down in the face of Microsoft's escalatory tactics."
Persons: Brad Smith, Matt Kent Organizations: FTC, Activision Blizzard, Microsoft, Activision, Morning, Federal Trade Commission, Sony, PlayStation, Nintendo, UK's, Public Citizen, Public Locations: San Francisco, China, Japan, Brazil, South Korea
The Federal Trade Commission on Monday applied for a temporary restraining order and preliminary injunction seeking to block Microsoft's acquisition of Activision Blizzard before the deal's July 18 deadline. If the deal falls apart, Microsoft might wind up owing Activision Blizzard a termination fee worth up to $3 billion. The FTC sued to block the acquisition in December 2022, choosing to bring the case before its internal administrative law judge. A hearing on the FTC's case will begin on Aug. 2, the agency said in Monday's filing. Regulators had originally felt that Microsoft might be able to prevent other companies from distributing Activision Blizzard games on other consoles other than Microsoft's Xbox.
Persons: Satya Nadella, it's, Brad Smith, Bobby Kotick, Smith, Jeremy Hunt, Jim Ryan, Lulu Cheng Meservey Organizations: Microsoft Corp, Bloomberg, Economic, Federal Trade Commission, Activision Blizzard, CNBC, FTC, Microsoft, Activision, Sony, Xbox, Competition, Markets Authority, Regulators, Sony PlayStation, Sony Interactive Locations: Davos, Switzerland, U.S
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCIC Wealth's Malcolm Ethridge anticipates a pullback in mega-cap techMalcolm Ethridge, CIC Wealth executive vice president, joins 'Closing Bell' to discuss the FTC's push to block Activision's acquisition of Microsoft.
Persons: Malcolm Ethridge Organizations: Microsoft
MOSCOW, June 8 (Reuters) - For more than 15 months Russia has been fighting a war in Ukraine that the Kremlin refused to call a war - but that is changing: President Vladimir Putin is using the word "war" more often. The Russian media was ordered not to use the word war - and has either complied or shut down. But in response to what Russia said was a major Ukrainian drone attack on Moscow, Putin last week used the word "war" four times in relation to Ukraine, according to a Kremlin transcript of his remarks. "What is more important is what is says about the future: does war mean a more serious approach and what will Russia at war look like?" Attacks far inside Russia that Moscow blamed on Ukraine have stiffened opinion within the Kremlin, emboldening hawks who propose a much tougher approach to a war in which Putin has said Russia has not got even got serious yet.
Persons: Vladimir Putin, Putin, Pavel Zarubin, Sergei Shoigu, Dmitry Peskov, Sergei Lavrov, Wagner, Yevgeny Prigozhin, Vyacheslav Gladkov, Lyndon B, Johnson, George W, Bush, Leonid Brezhnev, Abbas Gallyamov, Nikita Yuferev, Yuferev, Prigozhin, Putin's, General Augusto Pinochet, Guy Faulconbridge, Philippa Fletcher Organizations: Kremlin, Nazi, Red, Motherland, U.S, Soviet, West, Russia, Reuters, Thomson Locations: MOSCOW, Russia, Ukraine, Russian, Ukrainian, Moscow, Ukraine's, Crimea, Soviet, Nazi Germany, Russia's Belgorod, Europe, U.S, Vietnam, Afghanistan, St Petersburg, RUSSIA, Chile, Pinochet
Allen Winsor, 46, has been a US District Judge in the Northern District of Florida since 2019. Before he became a US district judge, Winsor was a judge in Florida's First District Court of Appeal from 2016-2019. Winsor previously dismissed a lawsuit challenging the 'Don't Say Gay' billIn February 2023, Winsor issued a 21-page ruling dismissing a lawsuit challenging Florida's Parental Rights in Education Act, which opponents called the "Don't Say Gay" bill. In the hour-and-a-half-long conversation, four state solicitors general discussed various federal laws and lawsuits that they felt impeded states' rights. "He does not possess the neutrality and fair-mindedness necessary to serve in a lifetime position as a federal judge."
Persons: Allen Winsor, He's, Ron DeSantis, Winsor, , Mark Walker, Insider's Kimberly Leonard, Donald Trump, Sen, Joe Manchin, — didn't, Trump, Mr, Pam Bondi's Organizations: Northern District of, Walt Disney Parks, Resorts, Gov, Service, Walt Disney Co, Disney, US Senate, Florida's, Auburn University, University of Florida, Plaintiffs, Federalist Society, Committee, Walt Disney World, Conference, Civil, Hum­­­­an Rights, Associated Press Locations: Northern District, Northern District of Florida, Florida, West Virginia, Orlando, Lake Buena Vista , Florida
But 69 years later, 32 school districts in Mississippi are still under federal desegregation orders. (AP) — There are 32 school districts in Mississippi still under federal desegregation orders, the US Department of Justice's Civil Rights Division's assistant attorney general said Thursday. "In our ongoing efforts to fulfill the promise of Brown vs. Board of Education, we currently have 32 open cases with school districts here in Mississippi," Clarke said. In addition to school districts, Clarke said at least five Mississippi jails and prisons have come under federal scrutiny. Clarke declined to offer more details about the case, citing an ongoing federal civil rights investigation.
Persons: Brown, , Kristen Clarke, Clarke, Rogelio V, Solis Mississippi, Michael Corey Jenkins, Jill Collen Jefferson, JULIAN, Bonita Streeter, Mitzi Dease Paige, Solis, Jefferson Organizations: Service, US Department of Justice's, US Department of Justice's Civil Rights, Justice Department, of Education, Holmes, Community, Justice Department's Civil Rights Division, AP, The Justice Department, Mississippi Delta, Penitentiary, South Mississippi Correctional Institution, Central Mississippi Correctional Facility, Correctional, Sheriff's Deputies, Southern, Southern District of, Solis An Associated Press, Lexington Police Department, The, Department, FBI Locations: Mississippi, LEXINGTON, Miss, Lexington, Jackson, Parchman, Wilkinson, Hinds, Rankin, Southern District, Southern District of Mississippi, Solis An
Early access for Diablo 4 faced issues, including licensing errors for some PlayStation users. Diablo 4 marks the latest installment of Blizzard "Diablo" series, which began in 1996, and arrives more than a decade after Diablo 3 was released in May 2012. Here's what you need to know about Thursday's early access launch and the coming official release of Diablo 4. It's unclear how many early access players have been impacted by the error. According to Blizzard, Diablo 4 is set decades after the events of "Diablo 3: Reaper of Souls."
Persons: Blizzard, Rod Fergusson, Adam Fletcher, Inarius, Liam Deane, Omdia Organizations: Diablo, PlayStation, Morning, Blizzard Entertainment, Activision Blizzard, Activision, Windows, Blizzard, Xbox, Druids, Sorceresses, Microsoft, European Union, Sony, Associated Press Locations: U.S
Early access for Diablo 4 faced issues, including licensing errors for some PlayStation users. Diablo 4 marks the latest installment of Blizzard "Diablo" series, which began in 1996, and arrives more than a decade after "Diablo III" was released in May 2012. Here's what you need to know about Thursday's early access launch and the coming official release of "Diablo IV." It's unclear how many early access players have been impacted by the error. According to Blizzard, Diablo 4 is set decades after the events of "Diablo III: Reaper of Souls."
Persons: Blizzard, Rod Fergusson, Adam Fletcher, Inarius, Liam Deane, Omdia Organizations: Diablo, PlayStation, Morning, Blizzard Entertainment, Activision Blizzard, Activision, Windows, Blizzard, Xbox, Associated Press, Druids, Sorceresses, Microsoft, European Union, Sony Locations: U.S
A New Jersey restaurant failed to give some staff the minimum wage and overtime pay, the DOL said. The restaurant paid more than $300,000 to 63 members of staff following the DOL's investigation. The DOL's Wage and Hour Division said in a press release that Aquarius Restaurant Group, which runs Aquarius Seafood Restaurant in Fort Lee, had violated minimum wage and overtime pay laws. Aquarius Seafood Restaurant also used checks and cash to pay kitchen staff twice a month, the spokesperson said. They added that the minimum wage violations occurred "sporadically" throughout the period of investigation, which was from April 2019 to April 2022.
Persons: DOL, , Paula Ruffin Organizations: Service, Department of Labor Locations: Jersey, Fort Lee, New Jersey
May 19 (Reuters) - Deere & Co (DE.N) on Friday topped Wall Street profit expectations on strong sales of its tractors and precision agriculture equipment, and raised its net income forecast for the rest of the year as its order books remain robust. Shares in the world's largest farm equipment maker were up 3.6% in premarket trading after the company reported a 36% rise in second-quarter profit. Net income increased to $2.86 billion from $2.1 billion a year ago. Farmers' demand for new equipment and parts to repair aging machinery has bolstered Deere's sales. Total net sales and revenues rose 30% to $17.39 billion for the second quarter.
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