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Deere earnings rise after price increase

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MOLINE, Ill. (AP) -- Deere & Co. says its second-quarter net income rose almost 3 percent as it raised prices and the farm economy continued to be strong.

The company, which makes farm tractors as well as construction equipment, earned $1.08 billion, or $2.76 per share, for its most recent quarter. That was up from $1.06 billion, or $2.61 per share, during the same period last year.

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