Monday, March 21, 2011

Deere (DE), AIG (AIG) Hurt by Japan Earthquake

Although disparate companies, Deere (NYSE:DE) and AIG (NYSE:AIG) both said the earthquake and tsunami in Japan will have a negative impact on them.

Deere said they will have delays with its excavators in direct connection to the Japan disaster, according to a regulatory filing.

American International Group Inc. said they see the Japan crisis, and other events in the first quarter, will end up costing them at close to $1 billion.

Deere & Company closed Friday at $90.10, gaining $0.72, or 0.81 percent. AIG closed at $34.95, down $0.75, or 2.10 percent.

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