John Deere Backs Out of Wind Energy Business

Deere & Co., (NYSE: DE) the parent company of John Deere, said last week it would be selling off its energy division.

Deere said it will sell its wind power division, called John Deere Renewables, including all of its farms in eight states, to energy giant Exelon Corp (NYSE: EXC) for $900 million. The deal calls for $860 million now, (more…)