Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Boeing readies 737 Max * Boeing Co. said it plans to roll out its first 737 MAX jetliner on Dec. 8 from its Renton factory in Washington.

Boeing, which has almost 3,000 orders for the 737 MAX, is on track to deliver the jetliner in the third quarter of 2017, the Chicago-based company said in an emailed statement.

Mobile takes over * If the beginning of the holiday season is any indication, it could be a merry mobile Christmas for shoppers.

For the first time, there's expected to be more people visiting retailers' websites through their smartphones than on desktop computers or tablets during the first weekend of the holiday shopping season that begins on Thanksgiving Day.

Mobile traffic during the five-day start to what is typically the busiest shopping period of the year is expected to reach 56.9 percent of total traffic, up from 48.5 percent last year, according to IBM Watson.

Deere tops estimates * Even though sales of its green tractors, bulldozers and other equipment fell sharply, Deere & Co. reported better-than-expected fourth-quarter earnings as it cut costs. The Moline, Ill.-based company also posted an earnings outlook for the year that surpassed Wall Street expectations.

Deere has been hurt by weak commodity prices, which have made farmers less likely to buy new equipment. And falling oil prices has hurt sales of its construction equipment.

Sales of its agriculture equipment, which include tractors, fell 25 percent in the quarter from a year ago. Sales of its construction equipment fell 32 percent.

For the quarter ending Oct. 31, it reported fiscal fourth- quarter net income of $351.2 million, or $1.08 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The agricultural equipment manufacturer posted revenue of $5.93 billion in the period, which fell short of Street forecasts. …

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