Household Durables Household Appliances

  • HONG KONG, Sept 7- Private equity firm KKR& Co has started talks with investors for a third Asia fund, targeting a record $7 billion with a formal launch expected by year-end, people familiar with the plans said. KKR's fundraising plan would pit it against rival U.S. buyout firm TPG Capital Management which is launching a new Asia fund in the coming months with a...

  • Appliance industry is changing fast: CEO

    CNBC's Louisa Bojesen speaks to Hakan Bulgurlu, CEO of white goods maker Arcelik, about how technology is changing to benefit consumers.

  • Aug 25- Whirlpool Corp, the world's largest maker of home appliances, is recalling 15,200 Whirlpool brand microwaves due to a fire hazard, the U.S. Consumer Product Safety Commission said on Thursday. The formation of internal sparks when the product was being used could ignite a plastic component, posing a fire hazard, the CPSC said. Whirlpool has so far received...

  • Aug 25- Sears Holdings Corp posted a net loss due to lower sales of home appliances and apparel, and the company said it accepted debt financing of $300 million from Chief Executive Edward Lampert's hedge fund, ESL Investments. The owner of the Sears department store and Kmart discount store chains reported a 5.2 percent drop in comparable store sales for the...

  • Marvin Ellison, JC Penney's CEO

    JC Penney's CEO Marvin Ellison announced on "Power Lunch" that the company is rolling out a three-year plan.

  • SEOUL, Aug 11- CJ Corp, the holding company of food-to-logistics CJ Group, and retailer SK Networks said on Thursday they submitted separate non-binding bids to acquire South Korean home appliance rental company Tongyang Magic Inc.. A South Korea- based private equity consortium called NH- Glenwood owns 100 percent of the company. More than 10 parties have...

  • HONG KONG, July 31- China's GOME Electrical Appliances Holding issued a profit warning on Sunday, saying first-half profit was likely to plunge year-on-year due to a strategic shake-up which has seen some of its main outlets undergo renovation. In a statement to the Hong Kong stock exchange on Sunday, GOME said it had started to implement a transformation...

  • LONDON, July 20- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Investment demand for British commercial property dropped by the largest amount on record after the vote, the Royal Institution of Chartered Surveyors says. IMPORTANT DATES AHEAD:-...

  • WASHINGTON, July 20- The U.S. Commerce Department said in a statement on Wednesday it had determined that large home washing machines from China had been dumped in the United States. U.S. appliance maker Whirlpool Corp had urged the government in December to impose duties on washing machines manufactured in China by Samsung Electronics Co Ltd and LG...

  • WASHINGTON, July 20- The U.S. Commerce Department said in a statement on Wednesday it had determined that large residential washers from China had been dumped in the United States. In 2014, imports of large residential washers from China were valued at an estimated $899.4 million, according to the Commerce Department. The United States slapped duties in 2012 on...

  • WASHINGTON, July 20- The U.S. Commerce Department said in a statement on Wednesday that it had determined imports of large residential washers from China have been sold in the United States at dumping margins of 49.88 percent to 111.09 percent.

  • WASHINGTON, July 20- The U.S. Commerce Department said in a statement on Wednesday that it had determined imports of large residential washers from China have been sold in the United States at dumping margins of 49.88 percent to 111.09 percent.

  • LONDON, July 20- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. July 20 Moody's says Brexit won't hurt EU finances but there is now a risk of political fragmentation. From the it-all-depends-on-who-you-are department: Appliance-maker...

  • SHANGHAI, June 22- China's main stock indexes closed up on Wednesday as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothed market sentiment. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.9 percent to 3,133.96...

  • SHANGHAI, June 22- China and Hong Kong shares rose on Wednesday morning, as more investors bet Britain will vote to stay in the European Union this week, while Federal Reserve Chair Janet Yellen's cautious tone on future rate hikes also soothe market sentiment. In Hong Kong, both the Hang Seng index and the Hong Kong China Enterprises Index added 0.4 percent.

  • BERLIN, June 20- German billionaire businessman Friedhelm Loh does not plan to launch a counter offer for German industrial robot maker Kuka, the target of a 4.5 billion euro bid by China's Midea, he told a German newspaper. Kuka is the biggest German industrial technology company to be targeted by a Chinese buyer in a wave of deals over recent months and the bid...

  • *Says can help Kuka grow in China. FRANKFURT, June 16- China's Midea said it would allow German industrial robot maker Kuka to operate independently and help it expand in China as it formally launched a 4.5 billion-euro offer on Thursday. The Chinese company said it could help Kuka to broaden its product offering in China, the world's largest market for industrial...

  • What to do when it comes to extended warranties

    After you’ve spent your hard-earned cash on an appliance or tech item that costs a pretty penny, do you still need to plunk down more money on an extended warranty for it? CNBC’s Sharon Epperson gives you the insight the next time you are asked at the register if you want the extended warranty.

  • BERLIN, June 13- China's Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka, Handelsblatt reported on Monday, citing unnamed sources in the German government. Chancellor Angela Merkel said during a visit to Beijing on Monday there was a general openness towards investments from China, but it was expected that the country...

  • BERLIN, June 13- China's Midea Group Co Ltd is only seeking a 49 percent stake in German industrial robot maker Kuka, Handelsblatt reported on Monday, citing unnamed sources in the German government. Chancellor Angela Merkel said during a visit to Beijing on Monday there was a general openness towards investments from China, but it was expected that the country...