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  • BRUSSELS, Feb 15- A three-nation call for the European Union to tighten foreign investment rules is worth considering, the European Commission said on Wednesday, amid worries about European technologies ending up in foreign hands. Germany, France and Italy have sent the Commission a joint letter that urges the EU executive to re-examine the rules to allow them...

  • *Samsung phone example highlights telco, manufacturer reach. Feb 10- When Samsung Electronics remotely disabled the last of its flawed Galaxy Note 7 smartphones last month, it further blurred the lines between who ultimately controls your phone, or computer, car or appliance: you, or the companies that make it work? Mahbubul Alam, chief technology officer at...

  • *LG Elec considering Tennessee for possible U.S. plant- source. SEOUL, Feb 2- Samsung Electronics Co Ltd may build a U.S. plant for its home appliances business, a person familiar with the matter said, the latest global firm to consider a response to criticism about imports from new U.S. The new U.S. administration has threatened an import tax while Trump has attacked...

  • SEOUL, Feb 2- Samsung Electronics Co Ltd may build a manufacturing base in the United States for its home appliances business, a person familiar with the matter told Reuters on Thursday, amid growing concerns about protectionist policies pursued by the new Trump administration. Samsung said in an emailed statement that the company continues to "evaluate new...

  • LONDON, Feb 1- European shares rose on Wednesday, led by financials and industrials, as healthy corporate results from a slew of regional bluechips underpinned major benchmark indices. Swiss bank Julius Baer led the banking sector index higher, up 5.3 percent and the second top gainer in the STOXX, after Switzerland's third-largest listed bank posted net...

  • Jan 26- Whirlpool Corp, the world's largest maker of home appliances, reported lower-than-expected fourth-quarter earnings on Thursday, hurt by a decline in sales in the United Kingdom following the vote in June to leave the European Union. Margins were negatively impacted by about $40 million in the UK due to a decline in the value of the pound and a drop in...

  • Jan 26- Whirlpool Corp, the world's largest maker of home appliances, reported lower-than-expected fourth-quarter earnings on Thursday, hurt by a decline in sales in the United Kingdom following the vote in June to leave the European Union. Whirlpool's overall net sales rose 1.7 percent to $5.66 billion in the quarter ended Dec. 31, but sales in Europe, the Middle...

  • Jan 26- Whirlpool Corp, the world's largest maker of home appliances, said its fourth-quarter profit remained unchanged as acquisition costs offset higher sales from North America, its largest market. Earnings per share rose to $2.36 from $2.28 per share, a year earlier. Whirlpool's sales had decreased in the previous four quarters due to soft demand, tough...

  • Jan 24- Whirlpool Corp said on Tuesday it would restructure its Europe, Middle East and Africa dryer manufacturing operations, and cut about 500 jobs in the region. The world's No. 1 maker of home appliances said production at its Amiens, France, facility would cease in 2018 as part of the restructuring. The company said its Yate, UK, facility would now focus on...

  • 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...