Two top farm equipment makers see ray of light

Newswire

By Susan Kelly CHICAGO, July 24 (Reuters) - Two top farm equipment makers on Thursday reported higher profits before restructuring costs and said sales in the depressed sector had perked up in recent months, which gave their shares a boost. CNH Global N.V. , whose parent is Italian car maker Fiat , said the agricultural equipment industry, which has suffered through a five-year farm recession, saw second-quarter sales improve "significantly" from a year ago in North America and Latin ...

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