Consumer Discretionary Consumer Durables and Apparel

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  • *Friedhelm Loh built father's firm into global leader. FRANKFURT, May 26- German billionaire Friedhelm Loh stands to make a huge profit if industrial robot manufacturer Kuka accepts a $5- billion takeover bid by Chinese home appliance producer Midea. His purchase of a stake in Kuka, a poster child of Germany's drive to upgrade its manufacturing sector to master...

  • WASHINGTON, May 26- Orders for long-lasting U.S. manufactured goods surged in April on strong demand for transportation equipment and a range of other products, but continued weakness in business spending plans suggested the manufacturing rout was far from over. The Commerce Department said on Thursday orders for durable goods, items ranging from toasters...

  • May 23- Fujian Grand Chip Investment Fund LP said on Monday it had agreed to buy Aixtron in a deal valuing the German semiconductor equipment maker at 670 million euros, adding to a string of Chinese takeovers of German technology companies. Chinese home appliance maker Midea Group made an offer on May 18 to buy Kuka, valuing the German factory robot manufacturer...

  • BERLIN, May 19- A $5- billion bid by Chinese home appliance maker Midea Group to buy German industrial robot manufacturer Kuka AG poses a dilemma for Angela Merkel. The conservative chancellor champions domestic innovation of the so-called industrial internet and her ruling coalition has made "Industrie 4.0," the digitisation of industry, a core part of its...

  • FRANKFURT, May 18- Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, the latest bid by a Chinese investor to gain control of cutting-edge German industrial technology. The 115 euro per share offer values Kuka at around 4.5 billion euros and represents a premium of 36 percent to Kuka's share...

  • FRANKFURT, May 18- Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, the latest bid by a Chinese investor to gain control of cutting-edge German industrial technology. The 115 euro per share offer values Kuka at around 4.5 billion euros and represents a premium of 36 percent to Kuka's share...

  • HONG KONG, May 18- When Chinese white goods giant Haier Group bought a 20 percent stake in Fisher& Paykel Appliances in 2009, the heavily-indebted New Zealand company was at the mercy of its banks, hit by a depressed housing market and an ill-timed factory relocation overseas. Haier's advance in Australia, largely fueled by its own deep pockets, may be an...

  • May 17- Big-box retailer Target Corp appointed Nordstrom Inc executive Mark Tritton its chief merchandising officer, nearly a year after Kathryn Tesija left the position. Tritton is a former president of Nordstrom Product Group and he has earlier worked with apparel maker Timberland and sports footwear maker Nike Inc.. The company also promoted Stephanie...

  • FRANKFURT, May 9- Buyout group Cinven is preparing to sell German residential and technical lighting products maker SLV in a potential 800 million euro deal, three people familiar with the matter said. Europe's listed lighting manufacturers include Fagerhult of Sweden, Beghelli of Italy and Austria's Zumtobel. SLV is benefiting from strong construction...

  • Phil Knight

    He began his career like most ordinary college grads: no money, no clear direction. Then he founded Nike, the athletic-apparel mega-company.

  • Analysts value unit at around 5 billion euros. *Philips Group will now focus on Healthcare operations. AMSTERDAM, May 3- Philips plans to sell at least 25 percent of its lighting business, the world's largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said on Tuesday.

  • But the company said it still expects full-year 2016 ongoing business earnings per share at $14.00 to $14.75. The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year earlier. Morgan analyst Michael Rehaut said in a note he expects a slightly negative reaction in the...

  • WASHINGTON, April 26- Orders for long-lasting U.S. manufactured goods rebounded less than expected in March as demand for automobiles, computers and electrical goods slumped, suggesting the downturn in the factory sector was far from over. The Commerce Department said on Tuesday that orders for durable goods, items ranging from toasters to aircraft meant to...

  • The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year earlier. Meanwhile, weak demand in Brazil and unfavorable currency exchange rates contributed to sales falling nearly 29 percent to $700 million in Latin America. In the company's Europe, Middle East and Africa...

  • Whirlpool said first quarter ongoing business earnings rose to $2.63 per share from $2.14 in the same period last year. The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year ago. Net sales fell to $4.6 billion, from $4.8 billion a year ago.

  • *IPO more likely than sale for business worth 5 bln euro. AMSTERDAM, April 25- Philips said it was likely to list its lighting division on the stock market, creating a standalone company that would be the world's largest maker of lights. Chief Executive Frans van Houten acknowledged that the company could still switch to a trade sale if uncertainty around a...

  • Uner Armour crushes estimates

    John Kernan, Cowen & Co., and Susan Anderson, FBR Capital, discuss Under Armour's earnings and the future growth for the company and the sports apparel sector.

  • ISTANBUL, April 19- Turkey's plan to impose anti-dumping duties on U.S. cotton imports will drive up costs for its own textile producers, hurting the competitiveness of their exports, the head of an industry group said on Tuesday. "This is a decision that will increase raw material costs of textile producers by 2-3 percent and will somewhat affect price...

  • Gap dead money until evidence: Analyst

    Discussing Gap weighing on the retail sector, with Roxanne Meyer, MKM retail analyst.

  • April 7- Struggling surfwear chain Pacific Sunwear of California Inc filed for Chapter 11 bankruptcy protection on Thursday, succumbing to years of losses and intense competition in the teen apparel industry. The Anaheim, California- based retailer listed assets in the range of $50 million to $100 million, and liabilities of between $100 million and $500...