VIDEO: What to Watch: August 15, 2012

From Fnno.com, this is the Financial News Network. Here’s a few things to watch for in the financial world today August 15.Target (NYSE:TGT) will be one to watch today after it posted its second quarter earnings. The big box retailer said its adjusted EPS was $1.12, beating the street’s estimate of $1.01. Revenue for the quarter was up to $16.78 billion, also higher than the average analyst estimate of $16.75 billion. CEO of Target Gregg Steinhafel said the strong earnings were due to their focus on bringing an excellent customer experience to its stores as well as execution of its overall strategy. A company in trouble this morning though is Deere & Co. (NYSE:DE). The largest maker of farm equipment posted its third quarter earnings this morning, saying the company had a profit of $788 million or $1.98 a share. This was well below estimates of $2.32. Revenue had modest gains rising 16% year over year to $8.93 billion. But, predictions put that growth at 25% for the quarter. According to Deere CEO Sam Allen, lower demand for farm equipment is the cause of the lower than expected earnings, with the worst U.S. drought in five decades being the main reason for the decrease in demand.Finally, Caryle Group (NYSE:CG) making a big acquisition today to expand its ever growing portfolio. The private equity firm announced an agreement to buy photo archive Getty Images for $3.3 billion from Hellman & Friedman. The agreement will give Caryle a controlling stake in the company with co-founder Chairman Mark Getty selling most of their ownership interests. According to preliminary talks, Caryle got a bit of a deal on the agreement. Hellman & Friedman initially wanted $4 billion for Getty to try and make a bigger profit on the $2.4 billion it bought it for four years ago. Those were a few things to watch out for here on the Financial News Network. For more coverage and analysis of the business world follow us on twitter @FNNOnline or check out our website at fnno.com.

FX_Trdr