NEW YORK - Shares of agricultural equipment makers dropped sharply Monday along with the broader stock market, which reeled from the House of Representatives' defeat of a proposed $700 billion rescue of the nation's financial system.
The Standard & Poor's 500 index fell 8 percent as investors watched Congressional leaders blame one another for the 228-205 defeat of the White House proposal.
Caterpillar Inc. fell $4.24, or 6.6 percent, to close at $59.89. The stock earlier hit a year low of $58.11.
Deere & Co. dropped $7.57, or 13.7 percent, to $47.76. Earlier, the stock set a new 52-week low of $46.18.
CNH Global NV's American Depositary Shares declined $6.23, or 23.8 percent, to $19.95 and AGCO Corp. gave up $4.86, or 10.6 percent, to $40.99.
China's bid to establish its own next generation mobile phone technology standard got a boost from the world's biggest cell phone maker...
U.S stocks fell on Wednesday as investors grew concerned that a bailout loan package for ailing automakers would fail to be approved by U.S. lawm...
An international meeting has set new guidelines aimed at preventing tobacco companies from trying to influence national and global health policy....


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