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  • Analysts value unit at around 5 billion euros. *Philips Group will now focus on Healthcare operations. AMSTERDAM, May 3- Philips plans to sell at least 25 percent of its lighting business, the world's largest maker of lights, on the stock market to focus on its larger medical equipment operations, it said on Tuesday.

  • But the company said it still expects full-year 2016 ongoing business earnings per share at $14.00 to $14.75. The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year earlier. Morgan analyst Michael Rehaut said in a note he expects a slightly negative reaction in the...

  • WASHINGTON, April 26- Orders for long-lasting U.S. manufactured goods rebounded less than expected in March as demand for automobiles, computers and electrical goods slumped, suggesting the downturn in the factory sector was far from over. The Commerce Department said on Tuesday that orders for durable goods, items ranging from toasters to aircraft meant to...

  • The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year earlier. Meanwhile, weak demand in Brazil and unfavorable currency exchange rates contributed to sales falling nearly 29 percent to $700 million in Latin America. In the company's Europe, Middle East and Africa...

  • Whirlpool said first quarter ongoing business earnings rose to $2.63 per share from $2.14 in the same period last year. The world's largest maker of home appliances reported net earnings of $150 million, or $1.92 per share, down from $191 million, or $2.38 per share, a year ago. Net sales fell to $4.6 billion, from $4.8 billion a year ago.

  • *IPO more likely than sale for business worth 5 bln euro. AMSTERDAM, April 25- Philips said it was likely to list its lighting division on the stock market, creating a standalone company that would be the world's largest maker of lights. Chief Executive Frans van Houten acknowledged that the company could still switch to a trade sale if uncertainty around a...

  • ISTANBUL, April 19- Turkey's plan to impose anti-dumping duties on U.S. cotton imports will drive up costs for its own textile producers, hurting the competitiveness of their exports, the head of an industry group said on Tuesday. "This is a decision that will increase raw material costs of textile producers by 2-3 percent and will somewhat affect price...

  • *Durable goods orders drop 2.8 percent in February. WASHINGTON, March 24- New orders for long-lasting U.S. manufactured goods fell in February as the sector continues to struggle with the lingering effects of a robust dollar and lower oil prices. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft meant to last three...

  • WASHINGTON, March 24- New orders for long-lasting U.S. manufactured goods fell in February as the sector continues to struggle with the lingering effects of a strong dollar and lower oil prices. The Commerce Department said on Thursday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more, declined 2.8 percent...

  • *Toshiba says in talks with other companies, but nothing decided. March 15- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. Toshiba granted Canon Inc exclusive negotiating rights for its medical equipment unit,...

  • March 14- Japanese industrial conglomerate Toshiba Corp said it is in late-stage talks to sell its white goods business to Chinese household appliance giant Midea Group Co Ltd, Nikkei reported on Monday. The deal is expected to fetch tens of billions of yen, the Japanese business daily reported. Toshiba granted Canon Inc exclusive negotiating rights for its...

  • March 11- Ford Motor Co is establishing a new subsidiary to expand efforts to profit from transportation services, putting the former chief executive officer of Michigan office furniture giant Steelcase in charge. The new unit, Ford Smart Mobility LLC, could invest in transportation services companies, but it is not solely a venture fund, Ford CEO Mark Fields...

  • *Durable goods orders increase 4.9 percent in January. WASHINGTON, Feb 25- New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months as demand picked up across the board, offering a ray of hope for the downtrodden manufacturing sector. The Commerce Department said orders for durable goods, items ranging from toasters to aircraft...

  • WASHINGTON, Feb 25- New orders for long-lasting U.S. manufactured goods in January rose by the most in 10 months as demand picked up across the board, offering a ray of hope for the downtrodden manufacturing sector. The Commerce Department said on Thursday that orders for durable goods, items ranging from toasters to aircraft meant to last three years or more,...

  • *Stands by outlook for market growth in Europe, U.S. STOCKHOLM, Feb 24- Appliance maker Electrolux will focus on acquisitions in emerging markets and its lucrative professionals business after its failed bid for GE Appliances, the Swedish firm's new CEO said on Wednesday. Jonas Samuelson, just weeks into the CEO job after his predecessor stepped down when the GE...

  • LONDON, Feb 19- South African furniture company Steinhoff International has made a rival bid to buy Britain's Home Retail, the owner of the Argos group of catalogue-based stores which earlier this month agreed to be bought by supermarkets group Sainsbury's. Steinhoff, which makes furniture mostly in developing countries and sells it to value-conscious...

  • Feb 10- Government tests show some types of laminate flooring sold by Lumber Liquidators Holdings LLC can cause irritation and breathing problems but the risk of cancer from exposure is low, a federal agency said on Wednesday. Lumber Liquidators' sales and shares were hammered after the CBS program "60 Minutes" reported in March last year that the laminates from...

  • WASHINGTON, Feb 10- Government tests show some specific types of laminate flooring made by Lumber Liquidators Holdings LLC could cause irritation and breathing problems, a federal report released on Wednesday showed. The U.S. Consumer Product Safety Commission, which is investigating the issue and made the report public, asked the federal Centers for...

  • Local market leader Hanssem Co Ltd, with sales of more than $1 billion in 2014, saw a 31 percent increase in revenue for the first nine months of 2015 and a doubling in its share price for the year as it opened 27 of its larger stores in 2014 and 2015. Shinsegae Co Ltd's Jaju chain opened 10 stores in 2015, bringing its total to 149.. Swedish giant IKEA, whose single...

  • 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.