×

Consumer Durables and Apparel Household Durables

  • Jan 26- Whirlpool Corp, the world's largest maker of home appliances, said its fourth-quarter profit remained unchanged as acquisition costs offset higher sales from North America, its largest market. Earnings per share rose to $2.36 from $2.28 per share, a year earlier. Whirlpool's sales had decreased in the previous four quarters due to soft demand, tough...

  • Jan 24- Whirlpool Corp said on Tuesday it would restructure its Europe, Middle East and Africa dryer manufacturing operations, and cut about 500 jobs in the region. The world's No. 1 maker of home appliances said production at its Amiens, France, facility would cease in 2018 as part of the restructuring. The company said its Yate, UK, facility would now focus on...

  • WASHINGTON, Jan 10- U.S. regulators on Tuesday upheld hefty tariffs on Samsung and LG brand residential washing machines manufactured in China, saying these products were sold below cost, harming American appliance makers including Whirlpool Corp.. The U.S. International Trade Commission voted unanimously to impose final duties on the products of up to 52.5...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinising outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about haemorrhaging strategic technologies and will limit any...

  • *Berlin reviews powers to block foreign takeovers. *China also scrutinizing outbound investment projects. BERLIN/ FRANKFURT, Jan 9- Germany is reviewing its powers to block foreign acquisitions after a spate of Chinese takeovers, but the government's commitment to free trade beats its concerns about hemorrhaging strategic technologies and will limit any...

  • Jan 6- Amazon.com Inc's digital assistant appeared almost everywhere at the CES technology show this week in Las Vegas, even making an unexpected appearance on rival Google's Android system. Most strikingly, Chinese firm Huawei Technologies Co, which manufactures smartphones running on the Android operating system produced by Alphabet Inc's Google,...

  • LONDON, Jan 6- Brewer Anheuser Busch InBev and coffee maker Keurig Green Mountain have teamed up to develop a countertop appliance that could dispense alcoholic drinks in the home. Keurig is part of privately held JAB Holding, the investment vehicle of Austria's billionaire Reimann family. JAB Chief Executive Olivier Goudet is also the chairman of AB InBev, the...

  • FRANKFURT, Dec 27- Two Chinese companies and Singapore's sovereign wealth fund GIC have agreed to buy a 10 percent stake in a digital mapping company controlled by Germany's leading carmakers to help them develop self-driving cars. China is pushing the development of electric and autonomous cars and has made several high-profile investments in high tech...

  • *NavInfo, Tencent, GIC buying 10 pct stake in HERE. FRANKFURT, Dec 27- Chinese mapping firm NavInfo, internet group Tencent and Singapore's sovereign wealth fund GIC are buying a 10 percent stake in digital maps company HERE, the latest in a string of Chinese acquisitions in Europe. Germany carmakers Audi, BMW and Daimler bought HERE from Nokia for 2.55 billion euros...

  • HONG KONG, Dec 15- Campaigners say new global rules to protect endangered tree species will be a test for Hong Kong, already grappling to deal with its role as a conduit for illegal timber flooding into China to meet demand for fancy furniture. China and Hong Kong have until Jan. 2 to implement a U.N. Convention on International Trade in Endangered Species rule set in...

  • PETRITSI, Bulgaria Nov 23- Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an...

  • PETRITSI, Bulgaria Nov 23- Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an...

  • PETRITSI, Bulgaria Nov 23- Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an...

  • PETRITSI, Bulgaria Nov 23- Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an...

  • PETRITSI, Bulgaria Nov 23- Greek businessman Prokopis Makris believes moving to Bulgaria three years ago was the best decision he ever made. The accountant shut his failing furniture company in Greece and opened a business helping other entrepreneurs move to Bulgaria to escape a 29 percent tax rate, which has jumped since Athens adopted austerity as part of an...

  • MILAN, Nov 22- Italy's biggest utility Enel has committed to upgrade its networks to prepare for a digital era when home appliances will be hooked up to the Internet, in a move that will drive fatter shareholder returns. In the presentation of its 2017-2019 strategy plan, Enel forecast ordinary net profit will grow at an average of around 14 percent per year in the...

  • *Signals share buyback of up to 2 bln euros. MILAN, Nov 22- Italy's biggest utility, Enel, signaled higher dividends and a share buyback of up to 2 billion euros on Tuesday, and unveiled plans to upgrade its networks for an era when home appliances will be hooked up to the Internet. Enel, Europe's biggest utility in terms of customers, said in its strategy plan for...

  • LONDON, Nov 22- British internet retailer AO World said it was set up well for the rest of the year after a strong first half in which it delivered group earnings of 1.5 million pounds against a 4.5 million pound loss a year ago. Revenue for the group, which sells home appliance and electronic goods, rose 22.9 percent to 324.7 million pounds for the six months to...

  • *Jan-Sept net profit at 4.1 mln euros. LJUBLJANA, Nov 10- Household appliances maker Gorenje said on Thursday that Panasonic, which looked at making a bid for the Slovenian company earlier this year, had decided against a takeover deal. It also said it expected to end 2016 with a group net profit of 7.6 million euros, up from a profit of 4.1 million euros in the first...

  • CHARLOTTE, North Carolina, Nov 10- Donald Trump's promise to revive small town America faces a tough challenge in an economy that for decades has been wired to direct income and opportunities towards urban hubs and the better educated. During President Barack Obama's eight years in office incomes for the best off continued to diverge, despite nearly 10 million...