Consumer Discretionary Consumer Durables and Apparel

  • *Gabriel says China on "shopping tour" with list of targets. BERLIN, Oct 29- China is strategically buying up key technologies in Germany while protecting its own companies against foreign takeovers with "discriminatory requirements", German Economy Minister Sigmar Gabriel said on Saturday. Gabriel, also vice chancellor and leader of Germany's Social...

  • BERLIN, Oct 29- China is strategically buying up key technologies in Germany while protecting its own companies against foreign takeovers with "discriminatory requirements", German Economy Minister Sigmar Gabriel was quoted as saying on Saturday. Gabriel, also vice chancellor and leader of Germany's Social Democrats, heads to China next week after having...

  • *German economy minister in China Nov. 1-5. Trip comes amid debate over Chinese buys in Germany. BERLIN, Oct 28- Germany's outspoken economy minister, Sigmar Gabriel, heads to China next week having ratcheted up tensions with Beijing by putting the brakes on the latest Chinese takeovers of German technology companies.

  • The company also reported third-quarter revenue that more than doubled to $3.95 billion as it gained from the $15 billion acquisition of Sunbeam appliance maker Jarden Corp earlier this year. Newell's baby and parenting business posted an 11.3 percent rise in sales to $231.1 million as demand for Graco and Baby Jogger strollers remained strong in North...

  • *German economy minister in China Nov. 1-5. *Trip comes amid debate over Chinese buys in Germany. BERLIN, Oct 28- Germany's outspoken economy minister, Sigmar Gabriel, heads to China next week having ratcheted up tensions with Beijing by putting the brakes on the latest Chinese takeovers of German technology companies.

  • STOCKHOLM, Oct 28- Electrolux lowered its North American demand outlook on Friday and tempered its view on Europe after beating third-quarter profit expectations helped by cost cuts and a tighter focus on higher margin appliances. The company stuck to a forecast for 2-4 percent growth in Europe but said signs of weakness in markets such as Britain, which voted...

  • STOCKHOLM, Oct 28- Electrolux lowered its North American demand outlook on Friday after beating third-quarter profit expectations helped by cost cuts and a tighter focus on higher margin appliances. The company stuck to a forecast for 2-4 percent growth in Europe but said signs of weakness in markets such as Britain, which voted in June to leave the European...

  • Chief Operating Officer Marc Bitzer told analysts that the home appliance maker was suffering from widespread discounting, particularly for washing machines, in the United States as "certain import competitors continue to unlawfully dump product." In July, for instance, the U.S. Department of Commerce issued a preliminary anti-dumping ruling upholding a...

  • Whirlpool reported third-quarter net income of $238 million, or $3.10 per share, up from $235 million, or $2.95 per share, a year earlier. The company cut the top end of its full-year net income outlook to $11.75 a share from $12.00 while keeping the low end at $11.50. Whirlpool forecast 2016 earnings per share of $14.00 to $14.25 from ongoing operations, below...

  • Whirlpool reported third-quarter net income of $238 million, or $3.10 per share, up from $235 million, or $2.95 per share, a year earlier. The company cut the top end of its full-year net income outlook to $11.75 a share from $12.00 while keeping the low end at $11.50. Whirlpool forecast 2016 earnings per share of $14.00 to $14.25 from ongoing operations, below...

  • *Germany unexpectedly withdraws approval of deal. *FGC says Germany cited security-related technology. FRANKFURT, Oct 25- The Chinese company bidding for chip equipment maker Aixtron may push ahead with its takeover plans even after Germany has withdrawn its approval because of security issues.

  • Under Armour

    The No. 2 U.S. sportswear maker reported its slowest quarterly sales growth in six years, hurt by slowing growth in North America.

  • *Berlin concerned over series of deals for German tech firms. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now cancelled the clearance certificate for Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

  • *Berlin concerned over raft of deals for German tech firms. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now cancelled the clearance certificate for China's Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the...

  • *Economy Ministry to reopen review of takeover. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now withdrawn the clearance certificate for China's Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

  • BERLIN, Oct 17- The head of the VDMA German industry association warned on Monday against proposals to protect high-tech companies from unwanted takeovers, saying it would be better to ensure that German businesses are treated fairly when investing abroad. Newspaper Welt am Sonntag had reported that Deputy Economy Minister Matthias Machnig had in the past...

  • As part of a larger goal to globally reduce HFCs by 80 percent by 2047, signatories such as U.S., India and China have agreed to phase out the pollutants from cooling appliances starting 2019.. The agreement is a boon for chemical and equipment makers as it gives them "clarity and certainty" and will help speed up development and testing of HFC alternatives, which...

  • BERLIN, Oct 16- The German Economy Ministry wants to protect high tech companies in Germany from unwanted takeovers, especially from state-owned and partly state-owned companies in non-European countries, a German newspaper reported on Sunday. Welt am Sonntag said Deputy Economy Minister Matthias Machnig had in the past week sent to members of the German...

  • Fast Retailing is on the right track: Analyst

    The casual wear brand is banking on its overseas business and e-commerce for further growth, says BNP Paribas Securities' Mikihiko Yamato.

  • The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country's super-rich- a trend that has been fuelling a boom in global deals. Yao has been at the centre of a hostile takeover battle for China's largest real estate developer China Vanke Co Ltd..