Consumer Durables and Apparel Household Durables

  • JAKARTA, Indonesia— The European Union has admitted Indonesia to a special licensing system it hopes will prevent the illegally felled tropical timber that makes up a substantial part of the country's wood production from being shipped to the 28- nation bloc. The EU said Thursday that Indonesia is the first country to qualify for the licenses.

  • 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...

  • 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...

  • The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said, exacerbating a problem that has plagued the industry for years. While other countries including the United States and Australia...

  • 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...

  • The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said, exacerbating a problem that has plagued the industry for years. While other countries including the United States and Australia...

  • Lumber Liquidators

    Lumber Liquidators said a court ruled in its favor on claims that it did not warn consumers about cancer-causing formaldehyde in some flooring products.

  • 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...

  • Mattress on wood floor

    South African retailer Steinhoff International will buy Mattress Firm for $3.8 billion which includes debt, both companies said on Sunday.

  • 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...

  • A man walks past a Lumber Liquidators store in Philadelphia.

    Lumber Liquidators' quarterly sales fell for the fifth straight quarter as the company struggles to convince customers its hardwood flooring is safe.

  • July 27- Lumber Liquidators Holdings Inc's quarterly sales fell for the fifth straight quarter as the company struggles to convince customers its hardwood flooring is safe amid fears that some of its products could cause cancer. The company's net loss narrowed to $12.2 million, or 45 cents per share, in the second quarter ended June 30 from $20.3 million, or 75...

  • 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, July 12- Swedish furniture company IKEA Group said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday. The recall covers MALM chests or dressers manufactured from 1999 to 2016, China's General Administration of...

  • 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...