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  • Electrolux reports Q4 loss after failed bid for GE Thursday, 28 Jan 2016 | 5:12 AM ET

    STOCKHOLM— Swedish home appliance maker Electrolux says it fell to a 393 million kronor loss in the fourth quarter from a 970 million kronor profit a year earlier after it failed in its bid for General Electric Co.' s appliance business. Earlier this month, CEO Keith McLaughlin said he would retire Feb. 1, and would be replaced by Jonas Samuelson, current head of an...

  • *Sees demand growing in 2016 in Europe and N.America. STOCKHOLM, Jan 28- A failed attempt to buy General Electric's white goods business pushed Sweden's Electrolux into the red in the fourth quarter of 2015 and left the home appliances maker casting around for an alternative strategy. Electrolux will seek to regroup under new Chief Executive Jonas Samuelson,...

  • *Q4 op loss SEK 202 mln vs forecast 300 mln loss. *Sees demand growth in 2016 in Europe and N America. STOCKHOLM, Jan 28- Sweden's Electrolux skidded to a loss in the fourth quarter, suffering a hangover from the collapsed purchase of General Electric's white goods business that has left the home appliances maker needing a strategy reboot.

  • FRANKFURT, Jan 21- German lighting group Osram is convinced large shareholders will warm to its new strategy of expanding in the general LED lighting market, it said on Thursday. Osram, the only global company left that focuses solely on lighting, saw its shares plunge in November after it announced a surprise 1 billion-euro investment in a new LED semiconductor...

  • Home appliances to return to J.C. Penney after 30 years Tuesday, 19 Jan 2016 | 10:00 AM ET

    Jan 19- Department store operator J.C. The chain will sell kitchen and laundry appliances in a range of price points from GE, Hotpoint, LG Electronics Inc and Samsung Electronics in 22 pilot stores starting Feb. 1. "The introduction of major appliances will help us continue to significantly improve sales and gross profit per square foot in our home department,"...

  • Jan 15- General Electric Co said it would sell its appliance business to China's Haier Group for $5.4 billion in cash, another step in its push to sell its non-core assets and project itself as a technology company. The deal comes weeks after GE walked away from a deal to sell the business to Sweden's Electrolux for $3.3 billion, following months of opposition from...

  • China's Haier buying GE appliance unit for $5.4B Friday, 15 Jan 2016 | 3:11 AM ET
    A Sears customer shops near General Electric appliances in Schaumburg, Illinois, September 8, 2014.

    Chinese appliance maker Haier is buying General Electric's appliance unit for $5.4 billion to expand its global presence.

  • WASHINGTON, Dec 16- Whirlpool Corp filed a complaint with the U.S. International Trade Commission on Wednesday against what it said were cheap imports of washing machines from China, which could end in duties on goods made by companies including Samsung Electronics and LG Electronics. In 2012, the United States slapped duties on washers from South Korea and...

  • STOCKHOLM, Dec 7- Shares in Sweden's Electrolux slumped more than 10 percent on Monday after a $3.3 billion deal to buy General Electric's appliance business fell through. But the U.S. Department of Justice said the deal would reduce competition and drive up prices, and asked a federal court in July to stop it from going ahead. "It is a major disappointment for...

  • WASHINGTON, Dec 2- AB Electrolux's deal to buy General Electric Co's appliance business will tie together two companies facing stiff competition from Asian competitors and be good for consumers, Home Depot Inc executive Bob Baird testified in U.S. federal court on Wednesday. The Justice Department is asking a judge to stop Sweden's Electrolux, which makes...

  • HELSINKI, Nov 26- Applying 17 proven national low-carbon strategies globally could reduce greenhouse gas emissions by 25 percent by 2030, according to a study by the Finnish think tank Sitra. The report said Brazil's drive to reduce deforestation could be copied in Indonesia and elsewhere, and Japan's program to make household appliances more efficient...

  • Nov 24- Activist investor Sandell Asset Management Corp said its nominees were not elected to Ethan Allen Interiors Inc's board, dealing a blow to the hedge fund's intense, four-month effort to drive changes at the storied home furniture company. Tuesday's early results hand a victory to Ethan Allen's long time CEO, Farooq Kathwari, who has led the company in...

  • WASHINGTON, Nov 19- AB Electrolux's CEO argued on Thursday that his company should be allowed to buy General Electric's appliance business despite documents describing a consolidated U.S. market, saying the GE deal would not push up prices for consumers. The Department of Justice asked a federal court in July to stop Sweden's Electrolux, which makes...

  • Best Buy focuses on growth, bets on appliances Wednesday, 18 Nov 2015 | 6:05 PM ET

    *Best Buy will report quarterly earnings on Thursday. *Sears' woes create opportunity for Best Buy in appliances. CHICAGO, Nov 18- Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.

  • WASHINGTON, Nov 9- The government argued Monday that U.S. consumers would pay 5 percent more for ranges and wall ovens if AB Electrolux was allowed to buy General Electric's appliance business but the companies accused antitrust enforcers of failing to acknowledge powerful and growing competition from overseas manufacturers. The Department of Justice...

  • WASHINGTON, Nov 5- AB Electrolux is not in settlement talks with the U.S. Justice Department on its bid for General Electric's appliance business, a lawyer for Electrolux said on Thursday as the two sides prepared for a trial starting next week. The United States asked a federal court in July to stop Electrolux, which makes Frigidaire, Kenmore and Tappan...

  • Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil, and tumbling oil and commodities prices. The problems are clearly not across the board, as shown by better-than-expected results reported last Thursday by technology heavyweights Amazon.com Inc, Google-owner Alphabet Inc, and...

  • Earnings and revenue have been depressed this year largely because of the strong dollar, economic weakness in China and Brazil, and tumbling oil and commodities prices. The problems are clearly not across the board, as shown by better-than-expected results reported last Thursday by technology heavyweights Amazon.com Inc, Google-owner Alphabet Inc, and...

  • "Nobody wants to hear about pricing getting more competitive in any kind of retail environment," analyst Megan McGrath at MKM Partners said. Chief Executive Jeff Fettig told analysts that rapid currency depreciation, including those of Brazil, Canada, Russia and the European Union, would reduce 2015 annual sales by about $2.5 billion. Fettig also said declining...

  • Whirlpool revised its outlook for full-year 2015 GAAP net earnings per diluted share to a range of $9.75 to $10.25 from a range of $9.50 to $10.50 and its full-year ongoing business earning per diluted share to $12 to $12.50 from $12 to $13. The world's largest maker of home appliances now expects 2015 full-year capital spending to be at $700 to $750 million, down...