NEW YORK ( TheStreet) -- Investors in Staples (SPLS - Get Report) and Deere (DE - Get Report) are reeling from painful earnings releases on Wednesday. For Deere, it meant margins are getting squeezed that the company attributed to higher startup costs outside North America.Europe has not provided much positive news this earnings season. Both Deere and Staples pointed at European economic problems as reasons for disappointing investors. I can understand why CEOs use Europe as the whipping boy, but it's not the only market in the world and, in fact, doesn't explain the rest of the performances for either.
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