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Consumer Durables and Apparel Household Durables

  • Whirlpool reported third-quarter net income of $238 million, or $3.10 per share, up from $235 million, or $2.95 per share, a year earlier. The company cut the top end of its full-year net income outlook to $11.75 a share from $12.00 while keeping the low end at $11.50. Whirlpool forecast 2016 earnings per share of $14.00 to $14.25 from ongoing operations, below...

  • Whirlpool reported third-quarter net income of $238 million, or $3.10 per share, up from $235 million, or $2.95 per share, a year earlier. The company cut the top end of its full-year net income outlook to $11.75 a share from $12.00 while keeping the low end at $11.50. Whirlpool forecast 2016 earnings per share of $14.00 to $14.25 from ongoing operations, below...

  • *Germany unexpectedly withdraws approval of deal. *FGC says Germany cited security-related technology. FRANKFURT, Oct 25- The Chinese company bidding for chip equipment maker Aixtron may push ahead with its takeover plans even after Germany has withdrawn its approval because of security issues.

  • *Berlin concerned over series of deals for German tech firms. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now cancelled the clearance certificate for Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

  • *Berlin concerned over raft of deals for German tech firms. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now cancelled the clearance certificate for China's Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the...

  • *Economy Ministry to reopen review of takeover. The government had cleared the deal on Sept. 8 but Aixtron said on Monday that the Economy Ministry had now withdrawn the clearance certificate for China's Fujian Grand Chip Investment Fund LP, a Chinese investment fund controlled by businessman Zhendong Liu, and planned to reopen a review of the takeover.

  • BERLIN, Oct 17- The head of the VDMA German industry association warned on Monday against proposals to protect high-tech companies from unwanted takeovers, saying it would be better to ensure that German businesses are treated fairly when investing abroad. Newspaper Welt am Sonntag had reported that Deputy Economy Minister Matthias Machnig had in the past...

  • As part of a larger goal to globally reduce HFCs by 80 percent by 2047, signatories such as U.S., India and China have agreed to phase out the pollutants from cooling appliances starting 2019.. The agreement is a boon for chemical and equipment makers as it gives them "clarity and certainty" and will help speed up development and testing of HFC alternatives, which...

  • BERLIN, Oct 16- The German Economy Ministry wants to protect high tech companies in Germany from unwanted takeovers, especially from state-owned and partly state-owned companies in non-European countries, a German newspaper reported on Sunday. Welt am Sonntag said Deputy Economy Minister Matthias Machnig had in the past week sent to members of the German...

  • The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country's super-rich- a trend that has been fuelling a boom in global deals. Yao has been at the centre of a hostile takeover battle for China's largest real estate developer China Vanke Co Ltd..

  • The annual rich list of China's movers and shakers gives a temperature check on where money is flowing in China, and underlines the growing financial muscle of the country's super-rich- a trend that has been fuelling a boom in global deals. Yao has been at the centre of a hostile takeover battle for China's largest real estate developer China Vanke Co Ltd..

  • Chengdu Techcent Environment agreed last week to acquire assets in Germany's ALBA worth more than 300 million euros. China's Shanghai Electric Group bought German aviation equipment manufacturer BAW for HK $1.7 billion in August. China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore...

  • Italy is Europe's worst performing market so far this year and some foreign investors have been so transfixed by the Southern European country's macro-economic risks and political turmoil they have missed the rise of niche firms like Brembo. David Marcus, CEO of U.S. based Evermore Global Advisors, said Italy had long been neglected, but now the country was...

  • HONG KONG, Oct 4- U.S. private equity firm KKR& Co LP has told investors it will refrain from launching a new fund targeting small- and medium-sized companies in China and will instead focus on larger, more profitable buyouts, people familiar with the plans told Reuters. New York- based KKR's move underscores a shift underway in Asia, where global private equity firms...

  • FRANKFURT, Sept 29- Growth in sales of industrial robots has halved from levels seen two years ago and is unlikely to recover those levels over the next few years because demand in China, the biggest market, has slowed. Shipments in China rose 20 percent last year, after surging 56 percent in 2014, as the world's second-biggest economy slowed, IFR said, revising...

  • TOKYO, Sept 29- Japan's retail sales fell more than expected in August for the sixth straight month of annual declines due to falling sales of clothes and home appliances- keeping policymakers under pressure to find ways of beefing up household spending. The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy...

  • TOKYO, Sept 29- Japan's retail sales fell more than expected in August for the sixth straight month of annual declines due to falling sales of clothes and home appliances- keeping policymakers under pressure to find ways of beefing up household spending. The weak reading underscores the relative fragility in Japan's economy, with slow wage growth and gloomy...

  • 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...

  • 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.

  • 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.