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Consumer Durables and Apparel Household Durables

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  • *Egypt overturned week-old ban on cotton imports in July. SHUBRA KHEIT, Egypt, Aug 11- Standing waist deep in a cotton field, Egyptian farmer Mohamed Khalil cannot mask his anger; after the agriculture ministry banned cotton imports to help local producers, the cabinet abruptly vetoed the idea- the latest in a series of economic policy U-turns and delays under...

  • July 22- Whirlpool Corp, the world's largest maker of home appliances, on Wednesday reported a surprise increase in second-quarter earnings, helped by strength in Europe and Asia, and it backed its full-year forecast, sending its shares higher. The company said it still expected ongoing earnings, which exclude special items, of $12 to $13 per share for all of 2015....

  • NEW YORK, July 17- Wall Street's Nasdaq stock index ended at a record high on Friday on a rally in Google shares, while weak energy stocks and disappointing corporate results from companies such as Boeing and Volvo hit other European and U.S. indexes and the dollar rallied on strong U.S. inflation and housing data. A 6.3 percent drop in Volvo shares and a halt to a...

  • NEW YORK, July 17- Stocks worldwide slipped on Friday after some lackluster corporate reports weighed on indexes and a recent Greece- driven relief rally showed signs of fading, while the U.S. dollar was set for its biggest weekly gain in two months. Forecast-beating corporate reports from mobile network supplier Ericsson, appliance maker Electrolux and Swiss...

  • LONDON, July 17- European stock markets slipped on Friday, with a recent Greece- driven relief rally showing signs of fading, while a drop in the shares of truck maker Volvo also weighed on equities. The earnings season is only just getting under way in Europe, with Friday's batch of results bringing forecast-beating numbers from mobile network supplier Ericsson,...

  • Euro zone stock markets' Greek relief rally fades Friday, 17 Jul 2015 | 6:17 AM ET

    LONDON, July 17- Blue-chip euro zone stocks slipped on Friday, with a recent Greece- driven relief rally showing signs of fading as investor focus shifts to the corporate earnings season and the timing of a U.S. interest rate hike. The trading day looked set to be dominated by U.S. inflation data due later as well as General Electric's earnings.

  • Greek relief rally fades as euro zone stocks slip Friday, 17 Jul 2015 | 4:29 AM ET

    LONDON, July 17- Blue-chip euro zone stocks slipped on Friday, with a recent Greece- driven relief rally showing signs of fading as investor focus shifts to the corporate earnings season and the timing of a U.S. interest rate hike. The earnings season is only just getting underway in Europe, with Friday's batch of results bringing forecast-beating numbers from...

  • HONG KONG/ BEIJING, July 14- The call of the world's biggest smartphone market is proving irresistible for entrepreneurs in China, where even purveyors of concrete mixers, refrigerators and rock music are mimicking local trailblazer Xiaomi Inc with their own handsets. China had 155 smartphone brands selling over 1,000 handsets a month as at end-March, from 110...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • Japan's households start opening their wallets Thursday, 25 Jun 2015 | 8:59 PM ET

    Japan's households opened their wallets a bit wider than expected in May, with household expenditures jumping for the first time in more than a year.

  • HONG KONG, June 24- China's GOME Electrical Appliances Holding Ltd plans to buy Beijing Dazhong Home Appliances Retail Co Ltd for 3.83 billion yuan, formalizing its control of a company it has been managing for around eight years. GOME said it would buy the whole of Beijing Dazhong from Beijing Zhansheng Investment Co Ltd in a deal set off against a 3.6 billion...

  • June 15- Lumber Liquidators Holdings Inc terminated the employment of its chief merchandising officer, making him the latest top-level executive to leave the wood floorings retailer amid allegations it sourced laminates from China that contained excessive levels of a known carcinogen. A report by CBS's "60 Minutes" in March alleged that the company's...

  • May 21- Lumber Liquidators Holdings Inc said Chief Executive Robert Lynch had resigned unexpectedly, even as the company continues to face fire over reports that it sourced flooring laminates with excessive levels of a known carcinogen. Lynch took over as Lumber Liquidators' CEO in January 2012. Lumber Liquidators named founder Thomas Sullivan as acting CEO...

  • Flooring retailer Lumber Liquidators' CEO resigns Thursday, 21 May 2015 | 8:38 AM ET

    May 21- Hardwood flooring retailer Lumber Liquidators Holdings Inc said Chief Executive Robert Lynch had resigned unexpectedly, sending its shares down 17 percent in premarket trading on Thursday. The company named founder Thomas Sullivan as acting CEO. Lumber Liquidators is facing U.S. government investigations after CBS's "60 Minutes" show alleged that...

  • UPDATE 1-Hangzhou shows the way to China's new economy Thursday, 21 May 2015 | 2:17 AM ET

    *Zhejiang capital Hangzhou a high-tech and software sector. *Hangzhou is home to Alibaba, taxi app Kuaidi Dache. HANGZHOU, China, May 21- Signs that China's reforms may be paying off have sprung up in the eastern coastal city of Hangzhou, where a booming high-tech and software sector has fired up the local economy in defiance of a nationwide slowdown.

  • Hangzhou shows the way to China's new economy Wednesday, 20 May 2015 | 5:00 PM ET

    *Zhejiang capital Hangzhou a high-tech and software sector. *Hangzhou is home to Alibaba, taxi app Kuaidi Dache. HANGZHOU, China, May 21- Signs that China's reforms may be paying off have sprung up in the eastern coastal city of Hangzhou, where a booming high-tech and software sector has fired up the local economy in defiance of a nationwide slowdown.

  • SAO PAULO, May 19- Whirlpool Corp and Anheuser-Busch InBev on Tuesday started selling a countertop appliance that makes soda, juice and coffee with single-serve capsules, marking the start of a joint venture worth more than $70 million. Last year, the Coca-Cola Co invested an initial $1.25 billion in Keurig Green Mountain Inc as part of a plan to sell its soft...

  • M&A activity in Israel shifts beyond high tech Thursday, 14 May 2015 | 7:28 AM ET

    TEL AVIV, May 14- When one of China's biggest food companies was looking to boost its dairy output it turned to Israel's tiny market, paying about $1.1 billion for control of the country's largest food maker. Even though the company Tnuva is focused on the Israeli market, China's Bright Food was attracted to its efficiency in milk production and cutting-edge...

  • In recent years, Haier has bought New Zealand's Fisher& Paykel Appliances and Japan's Sanyo Electronics to compete against worldwide home appliances leader Whirlpool Corp and other global brands, including Electrolux AB. He is now driving production and sales at one of China's most successful consumer brands closer to customers, flattening the management...