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Consumer Durables and Apparel

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  • 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...

  • Gildan Activewear meets 2Q profit forecasts Thursday, 14 May 2015 | 7:54 AM ET

    Montreal _ Gildan Activewear Inc. on Thursday reported fiscal second-quarter earnings of $53.1 million. Gildan Activewear expects full-year earnings in the range of $1.80 to $1.86 per share, with revenue expected to be $3.18 billion. Gildan Activewear shares have risen 13 percent since the beginning of the year.

  • 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 land of fakes, Chinese e-commerce giant sells trust Thursday, 14 May 2015 | 4:18 AM ET

    As a student, Liu started a restaurant in Beijing but went bankrupt. After Liu went online in 2003 and expanded into selling home appliances, clothing and other goods, that focus on reliability helped his company, JD.com, grow into China's biggest Internet-based direct retailer. In contrast to China's dominant e-commerce brand, Alibaba Group, which provides...

  • Fort Smith city directors learned Tuesday from a Whirlpool Corp. official that the owners of 49 affected properties will be paid what their properties lost when they were reassessed at a lower value, the Arkansas Democrat-Gazette reported. A property that had been valued at around $90,000 was reduced to about $43,000, according to Jeff Noel, Whirlpool...

  • 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...

  • SAN FRANCISCO— Samsung wants to sell the digital brains that will go into billions of "smart" home appliances, industrial sensors and other Internet-connected gadgets— even if the gadgets aren't made by Samsung. At a technology conference Tuesday in San Francisco, the South Korean company unveiled a new line of tiny electronic components that combine...

  • NEW YORK— La-Z-Boy Inc. recalled about 2,600 pieces of power reclining furniture because they can tip forward, posing a risk of a fall. Details on the specific items involved in the recall can be found on La-Z-Boy's website under recalls. La-Z-Boy can be contacted 855-592-9087 from 9 a.m. to 5 p.m. Monday through Friday or online at www.la-z-boy.com.

  • May 7- Hardwood retailer Lumber Liquidators Holdings Inc said it would suspend sales of all laminate flooring sourced from China, following allegations that the products contained excessive levels of cancer-causing formaldehyde. Lumber Liquidators' shares rose as much as 7.2 percent in early trading on Thursday. "Despite the initial positive air quality...

  • *Beijing urging banks to support small businesses. BEIJING, April 30- Private entrepreneurs in China are voicing unprecedented criticism of government, encouraged by policies and rhetoric from Beijing emphasising support for the most productive sectors of the economy. In the past two weeks, Premier Li Keqiang has exhorted Chinese banks to cut their fees and...

  • CHICAGO, April 28- Whirlpool Corp posted a higher quarterly net income on Tuesday but lowered its profit forecast and sales outlook for 2015, predicting a significant drop in Latin American sales owing largely to Brazil's stagnating economy. In a conference call with analysts, Whirlpool said it has introduced price increases in a number of markets including...

  • Electrolux Q1 profit falls less than expected Friday, 24 Apr 2015 | 3:32 AM ET

    Home appliances maker Electrolux reported a smaller-than-expected fall in first-quarter earnings on Friday.

  • UPDATE 2-Osram paves way for possible lamps spin-off Tuesday, 21 Apr 2015 | 12:00 PM ET

    *Osram to separate 2 bln-euro lamps business. FRANKFURT, April 21- Germany's Osram plans to transfer its 2 billion-euro general lamps business into an independent legal structure, it said on Tuesday, paving the way for a possible spin-off or sale. Osram's new chief executive Olaf Berlien has been reviewing the company's strategy, and Chief Financial Officer...

  • April 21- Under Armor Inc reported a 13.4 percent fall in first-quarter profit as costs rose following a pair of acquisitions and the sports apparel maker issued an updated full-year revenue forecast that fell short of market expectations. The company, which recently dislodged Adidas AG as the No. 2 sports footwear and clothing brand by sales in the United...

  • Under Armour profit falls 13.4 pct Tuesday, 21 Apr 2015 | 7:15 AM ET

    April 21- Sports apparel maker Under Armour Inc reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions. Under Armour in February acquired two fitness tracking services, Endomondo and MapMyFitness, for about $560 million. Under Armour's revenue rose about 25.5 percent to $804.9 million.

  • Under Armor profit falls 13.4 pct Tuesday, 21 Apr 2015 | 7:15 AM ET

    April 21- Sports apparel maker Under Armor Inc reported a 13.4 percent fall in quarterly profit, hurt by higher costs related to its recent acquisitions. Under Armor in February acquired two fitness tracking services, Endomondo and MapMyFitness, for about $560 million. The company's net income fell to $11.7 million, or 5 cents per share, in the first quarter ended...

  • China's incredible shrinking factory Thursday, 16 Apr 2015 | 5:00 PM ET

    HUIZHOU, China, April 17- Eight years ago, Pascal Lighting employed about 2,000 workers on a leafy campus in southern China. Cankun, an appliances factory in southern China featured in the documentary Manufactured Landscapes, had more than 22,000 manufacturing employees in 2005, according to its annual report. Some Hong Kong- owned factories in southern China...

  • Finding that her top toy choice, Shopkins- tiny grocery store characters made by Australia's privately-held Moose Enterprise- was sold out, Catie went directly to the Barbie row and picked out one of Mattel Inc.' s iconic dolls. Though Mattel, Hasbro and Lego control about 40 percent of the U.S. toy market, there's a growing niche for smaller companies such as Alex...

  • STOCKHOLM, April 8- White goods maker Electrolux said on Wednesday its North American appliances business would make an unexpected loss in the first quarter, partly due to costs related to adjustments to product lines in the region. Electrolux, a rival of Whirlpool Inc, makes nearly a third of its sales in North America and has been benefiting from firm demand in...

  • Race to the bottom: Cotton vs polyester prices Tuesday, 7 Apr 2015 | 6:15 AM ET

    By Henning Gloystein SINGAPORE, April 7- Bulging cotton inventories in China and slumping oil markets have triggered a race to the bottom between cotton and polyester prices. Futures prices in China, both the world's largest producer and importer, are also down a third. That significantly reduced U.S. exports to China, and added supply to a global cotton market...