Household Durables Household Appliances

  • WASHINGTON, Jan 10- U.S. regulators on Tuesday upheld hefty tariffs on Samsung and LG brand residential washing machines manufactured in China, saying these products were sold below cost, harming American appliance makers including Whirlpool Corp.. The U.S. International Trade Commission voted unanimously to impose final duties on the products of up to 52.5...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinising outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about haemorrhaging strategic technologies and will limit any...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinizing outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about hemorrhaging strategic technologies and will limit any...

  • Jan 6- Amazon.com Inc's digital assistant appeared almost everywhere at the CES technology show this week in Las Vegas, even making an unexpected appearance on rival Google's Android system. Most strikingly, Chinese firm Huawei Technologies Co, which manufactures smartphones running on the Android operating system produced by Alphabet Inc's Google,...

  • LONDON, Jan 6- Brewer Anheuser Busch InBev and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home. Keurig is part of privately held JAB Holding, the investment vehicle of Austria's billionaire Reimann family. JAB Chief Executive Olivier Goudet is also the chairman of AB InBev, the...

  • JC Penney holiday sales slip 0.8%

    The department store chain reports same-store sales for November and December fell 0.8 percent.

  • Stocks to Watch: January 6, 2017

    Toyota, Sears, JC Penney stocks are making headlines on Wall Street this Friday.

  • FRANKFURT, Dec 27- Two Chinese companies and Singapore's sovereign wealth fund GIC have agreed to buy a 10 percent stake in a digital mapping company controlled by Germany's leading carmakers to help them develop self-driving cars. China is pushing the development of electric and autonomous cars and has made several high-profile investments in high tech...

  • *NavInfo, Tencent, GIC buying 10 pct stake in HERE. FRANKFURT, Dec 27- Chinese mapping firm NavInfo, internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe. Germany carmakers Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros...

  • Hacked at home

    Experts warn many of gadgets that lack security and can be vulnerable to a cyber-attack. Reporter Andrea Day has ways you can be smart about your smart home, and protect yourself and your personal data.

  • MILAN, Nov 22- Italy's biggest utility Enel has committed to upgrade its networks to prepare for a digital era when home appliances will be hooked up to the Internet, in a move that will drive fatter shareholder returns. In the presentation of its 2017-2019 strategy plan, Enel forecast ordinary net profit will grow at an average of around 14 percent per year in the...

  • *Signals share buyback of up to 2 bln euros. MILAN, Nov 22- Italy's biggest utility, Enel, signaled higher dividends and a share buyback of up to 2 billion euros on Tuesday, and unveiled plans to upgrade its networks for an era when home appliances will be hooked up to the Internet. Enel, Europe's biggest utility in terms of customers, said in its strategy plan for...

  • LONDON, Nov 22- British internet retailer AO World said it was set up well for the rest of the year after a strong first half in which it delivered group earnings of 1.5 million pounds against a 4.5 million pound loss a year ago. Revenue for the group, which sells home appliance and electronic goods, rose 22.9 percent to 324.7 million pounds for the six months to...

  • *Jan-Sept net profit at 4.1 mln euros. LJUBLJANA, Nov 10- Household appliances maker Gorenje said on Thursday that Panasonic, which looked at making a bid for the Slovenian company earlier this year, had decided against a takeover deal. It also said it expected to end 2016 with a group net profit of 7.6 million euros, up from a profit of 4.1 million euros in the first...

  • Samsung washing machines.

    Samsung Electronics said it would recall about 2.8 million of its top-load washing machines in the United States to address safety concerns.

  • *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.