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Consumer Durables and Apparel

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  • July 16- General Electric Co is in talks to sell its century-old household appliances business for as much as $2.5 billion, Bloomberg reported, citing people familiar with the matter. The business, which had revenue of more than $8 billion in 2013, may fetch $1.5 billion to $2.5 billion in a sale, Bloomberg quoted the people as saying.

  • Fitch warns it may lower Whirlpool's credit rating Monday, 14 Jul 2014 | 11:54 AM ET

    NEW YORK— Fitch Ratings warned Monday that it could lower Whirlpool Corp.' s credit rating after the appliance maker announced a plan to buy Italian rival Indesit for more than $1 billion. Whirlpool, which owns the Maytag, KitchenAid and other brands, said last week that the deal to buy Indesit will help it expand in Europe.

  • Corporate eye on expansion could benefit funds Friday, 11 Jul 2014 | 3:44 PM ET

    NEW YORK— After years of funneling cash to investors, companies may be looking to spend more on themselves. Consider Linda Bakhshian, one of the managers of the $2.1 billion Federated Capital Income fund, among other funds.

  • AP Top Extended Financial Headlines At 1:05 p.m. EDT Friday, 11 Jul 2014 | 1:05 PM ET

    Amazon petitions Federal Aviation Administration for permission to fly drones for deliveries No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Stocks edge mostly lower, keeping them on track for biggest weekly loss since April Portugal's biggest bank says it can cope with losses, helping to steady financial markets House votes to make business tax break permanent; White House says $287 B price tag too costly Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit

  • AP Top Extended Financial Headlines At 12:16 p.m. EDT Friday, 11 Jul 2014 | 12:16 PM ET

    Stocks edge mostly lower, keeping them on track for biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues Portugal's biggest bank says it can cope with losses, helping to steady financial markets US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly

  • AP Top Extended Financial Headlines At Noon EDT Friday, 11 Jul 2014 | 11:57 AM ET

    US stocks slip in midday trading and are heading for their biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company

  • AP Top Extended Financial Headlines At 11:06 a.m. EDT Friday, 11 Jul 2014 | 11:06 AM ET

    Stocks edge mostly lower, keeping them on track for biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 US stocks slip in early trading and are heading for their biggest weekly loss since April Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly

  • AP Top Extended Financial Headlines At 10:18 a.m. EDT Friday, 11 Jul 2014 | 10:18 AM ET

    Stocks edge lower, keeping them on track for biggest weekly loss since April No sale by owner: Americans with lower mortgage rates hold tightly onto homes Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Burberry shareholders revolt over pay package for luxury house's new CEO Christopher Bailey Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk

  • MILAN, July 11- Whirlpool, the world's largest maker of home appliances, has agreed to pay 758 million euros to buy a 60 percent stake in smaller Italian rival Indesit to further expand beyond its U.S. home market.

  • AP Top Extended Financial Headlines At 9:13 a.m. EDT Friday, 11 Jul 2014 | 9:13 AM ET

    Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Portugal's biggest bank says it can cope with losses, helping to steady financial markets

  • AP Top Extended Financial Headlines At 8:26 a.m. EDT Friday, 11 Jul 2014 | 8:26 AM ET

    Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows

  • AP Top Extended Financial Headlines At 7:04 a.m. EDT Friday, 11 Jul 2014 | 7:04 AM ET

    US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirpool to pay more than $1 b for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Infosys quarterly profit up 15.3 percent, maintains revenue growth forecast Portugal's biggest bank says it can cope with losses, helping to steady financial markets AP Interview: Dubai airport boss aims to keep pace with rapid growth in flight toward top rung Imperial Tobacco in talks to buy Reynolds American, Lorillard brands amid merger speculation Traders in Buenos Aires, Frankfurt should be alert to World Cup final outcome, research shows Gov.

  • Whirlpool buys big stake in Italy's Indesit Friday, 11 Jul 2014 | 6:54 AM ET

    BENTON HARBOR, Mich.— Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy. The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock.

  • July 10- Whirlpool Corp, the world's largest maker of home appliances, said it will buy 66.8 percent of voting stock of Italian white goods maker Indesit Company SpA for about 758 million euros to spur its growth in Europe.

  • MILAN, July 3- Italy's fashion designers have long been plagued by cheap copies of their bags and clothing but there is also a flourishing market for reproductions of high-end furniture for those that covet "Made in Italy" architectural style at low prices. Some have taken legal action, but now a new law introduced this year in Italy may help their cause.

  • June 30- Philips is to merge its lighting components businesses into a separate unit worth up to 2 billion euros which may be listed- a major step in its ongoing strategy to refocus on healthcare and high-end lighting systems.

  • Under Chief Executive Frans van Houten, the Dutch company- which started out 120 years ago as a pioneer in electric lighting- has been shifting away from the consumer electronics sector in a restructuring which has involved more than 5,000 job cuts and the sale of its television business.

  • Nike earnings beat estimates; shares edge higher Thursday, 26 Jun 2014 | 4:15 PM ET

    Nike reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

  • NEW YORK, June 20- Shares of specialty retailers and apparel makers helped lead the charge off the market's bottom in March 2009 but unraveled this year, leaving consumer discretionary stocks as the sole sector to still be lower through the first half of 2014..

  • NEW YORK, June 20- Shares of specialty retailers and apparel makers helped lead the charge off the market's bottom in March 2009 but unraveled this year, leaving consumer discretionary stocks as the sole sector to still be lower through the first half of 2014..