Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013.
STOCKHOLM, Feb 1- Swedish home appliances maker Electrolux said booming emerging markets and an improvement in North America would help offset poor sales and price pressure in Europe in 2013 after posting a smaller-than-expected rise in fourth-quarter earnings.
*Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate. Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit and gave a strong outlook for 2013 on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
*Quarterly profit of $2.29 per share before items vs estimate $2.23. *Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate.
Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America. Whirlpool said fourth-quarter net earnings had fallen to $122 million, or $1.52 a share, from $205 million, or $2.62 a share, a year earlier.
Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
AMSTERDAM, Jan 29- Philips Electronics agreed to sell its audio and video business to Japan's Funai Electric Co for 150 million euros, quitting a traditional sector to focus on its more profitable home appliances and healthcare operations.
PLANO, Texas-- Rental furniture company Rent-A-Center Inc. said Monday that its net income fell 4 percent in the fourth quarter as U.S. sales declined. In the quarter ended Dec. 31, Rent-A-Center net income slipped to $47.5 million, or 81 cents per share, from $49.3 million, or 83 cents per share. Rent-A-Center runs 3,095 stores in the U.S., Puerto Rico, Canada, and Mexico.
WASHINGTON, Jan 23- A U.S. trade panel on Wednesday gave final approval to anti-dumping duties on hundreds of millions of dollars of residential washing machines from Mexico and South Korea in a case brought by American manufacturer Whirlpool.
*China data slightly tops consensus, beta plays lead gains. HONG KONG, Jan 18- Hong Kong shares hit a 19-1/ 2- month high on Friday, while China posted a first gain in three days after better-than-expected data showed the world's second-largest economy snapped seven-straight quarters of declining economic growth.
HONG KONG, Jan 18- Hong Kong shares climbed to a new 19-1/ 2- month high on Friday, while the onshore Chinese market is set for its first gain in three days after data showed China snapped seven-straight quarters of declining economic growth. The China Enterprises index of the top Chinese listings in Hong Kong spiked 1.6 percent.
NEW YORK, Jan 15- Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made goods over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.
*Critics say Wal-Mart underpays its workers. NEW YORK, Jan 15- Wal-Mart Stores Inc will buy an additional $50 billion in U.S.-made products over the next decade in areas like sporting goods and high-end appliances in what the world's largest retailer called a bid to help boost the U.S. economy.
NEW YORK, Jan 15- Wal-Mart Stores Inc said on Tuesday it will buy an additional $50 billion in U.S.-made products over the next decade in such areas as sporting goods and high-end appliances in a bid to help boost the U.S. economy.
LONDON, Jan 9- The LED lighting industry is set to dominate the global market more than a century after its discovery, benefitting from a widespread ban of conventional incandescent bulbs and as the market share of competing green replacements fade.
HONG KONG, Jan 7- Hong Kong shares may test 19- month highs on Monday, helped by the banking sector after global regulators gave banks four more years to build up cash buffers so they can use some reserves to help struggling economies grow.
HONG KONG, Jan 4- Hong Kong shares could end a two-day rally on Friday, tracking Wall Street weakness after signs that the U.S. The China Enterprises Index of the top Chinese listings in Hong Kong added 0.8 percent, reaching another peak since August 2011.
DHAKA, Dec 7- Sweating and trembling as he fielded questions about last month's killer fire at one of his factories in Bangladesh, Delwar Hossain insisted he had no idea the workshop was making clothes for Wal-Mart Stores Inc when it went up in flames.
Mohammad Shafiul Islam, President of the Bangladesh Garment Manufacturers and Exporters Association, said a 19- member buyers' forum was blunt in suggesting it would "lose confidence" in the country's industry unless change came fast.
Mohammad Shafiul Islam, President of the Bangladesh Garment Manufacturers and Exporters Association, said a 19- member buyers' forum was blunt in suggesting it would "lose confidence" in the country's industry unless change came fast.