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03-26-2010, 06:42 PM #1
Deere Says Health Care Law Will Increase Expense by $150 mil
Nice going Obama!!!!!!
Deere Says Health Care Law Will Increase Expense by $150 million
Industry News
(3/25/2010)
Deere & Co. announced today that the Patient Protection & Affordable Care Act signed into law this week will adversely impact its expenses for fiscal 2010. As a result of the legislation, the company's expenses are expected to be about $150 million higher on an after-tax basis, primarily in the second quarter.
Other companies in all industry segments are expected to experience similar hits to their bottom lines as a result of the legislation. Analysts speculate the result will be higher wholesale and retail prices for goods and services.
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