AMSTERDAM— Shares in Royal Philips, the world's leading light maker, slumped Tuesday after the Dutch company reported a drop in first-quarter profits blamed partly on sluggish sales of its health care products and consumer lights.» Read More
U.S. speedskating team's miserable performance during the first week of the Olympics has turned the speculation to their high-tech skinsuits.
NEW YORK, Feb 11- Procter& Gamble Co, the world's largest household products maker, cut its sales and earnings outlook for the year on Tuesday to reflect unfavorable foreign exchange rates in Venezuela and the devaluation of currencies in various developing markets.
CHICAGO/ LONDON, Jan 31- International companies are taking steps to mitigate the effects of the turmoil in emerging markets, including hedging foreign currency exposure more aggressively, reducing some investment plans, cutting costs, and raising prices frequently.
*Electrolux falls after posting lower earnings. Shares in Electrolux slid 6.8 percent lower after the Swedish home appliances maker posted a bigger-than-expected drop in quarterly earnings.
*Electrolux falls after posting lower profits. Shares in Electrolux fell 4.5 percent after the Swedish home appliances maker posted a bigger-than-expected drop in quarterly earnings. Electrolux's earnings were hit by a slump in Brazil, whose economy has had to deal with a fall in the country's currency.
NEW YORK, Jan 30- The arctic cold sweeping across the United States has caused rare winter power interruptions for U.S. spinning mills in North and South Carolina, including Frontier Spinning Mills, the second-largest yarn producer in the United States.
Jan 30- Athletic apparel maker Under Armour Inc reported a 28 percent jump in fourth-quarter profit, driven by strong sales of its fleece offerings and ColdGear Infrared products. Net income increased to $64.2 million, or 59 cents per share, from $50.1 million, or 47 cents per share, a year earlier. Revenue rose 35 percent to $682.8 million in the quarter ended Dec. 31.
Jan 30- Whirlpool Corp posted a higher profit on Thursday, citing especially strong sales gains in North and South America. The company, the world's largest maker of home appliances, reported a fourth-quarter net profit of $181 million, or $2.26 a share, up from $122 million, or $1.52 a share, a year earlier.
*Around 15 firms have moved operations to Vietnam- trader. BEIJING/ SINGAPORE, Jan 15- Chinese yarn makers, crippled by artificially high prices for cotton at home, are shifting production overseas to secure cheaper raw materials, even going as far afield as the United States.
HONG KONG, Jan 14- Shanghai shares halted a four-day losing streak on Tuesday, lifted by strong gains for home appliance firms that launched new products at the just-concluded Consumer Electronics Show in Las Vegas. The CSI300 of the largest Shanghai and Shenzhen A-share listings also rose 0.9 percent.
SANTERAMO IN COLLE, Italy, Jan 12- From this hilltop town on the heel of Italy's boot, Pasquale Natuzzi has built an eponymous furniture company that is one of the country's most global brands.
The nine justices are set to consider during their private conference on Friday three similar cases brought by consumers against Sears Roebuck and Co, Whirlpool Corp and BSH Home Appliance Corp over faulty front-loading washing machines.
Guangdong Xinbao Electrical Appliances Holdings Co Ltd said in a stock exchange filing on Thursday that it had raised 798 million yuan from individual and institutional investors.
The company, which supplies shirts, trousers and other apparel for global retailers including Wal-Mart Inc, is one of the biggest players in Bangladesh's $22 billion garment industry that has seen orders cut nearly in half in the last three months- the worst drop in two decades, according to the Bangladesh Garment Manufacturers& Exporters Association.
NEW YORK, Dec 27- Turkey has overtaken China as the biggest buyer of U.S. cotton, U.S. data showed on Friday, as Chinese buyers have boosted their purchases of lower-taxed yarn and cut back on buying raw cotton. Continuing a five-months-long trend since the Aug. 1 start of the 2013/ 14 crop marketing season, data for the week to Dec. 19 showed Turkey was the top buyer.
SYDNEY, Dec 25- It's as much a part of Australia as kangaroos, the Sydney Opera House or vegemite, and General Motors Co's decision to stop manufacturing Holdens in the country looks like the marketing equivalent of a car crash.
NEW YORK, Dec 19- American Securities LLC has bought a majority stake in Frontier Spinning Mills Holding Corp, the second-largest U.S. yarn producer, taking advantage of low energy costs and booming yarn exports to China.
LONDON, Dec 18- European shares opened higher on Wednesday, boosted by Swedish home appliances maker Electrolux after strong U.S. deliveries data, and by expectations of a bullish reading for a German economic sentiment indicator. The FTSEurofirst 300 was up 0.5 percent at 1,254.46 points at 0808 GMT while Germany's Dax was up 0.6 percent.
After two years of declining sales, J.C. Penney is reducing some high-profile brands introduced by former CEO Ron Johnson and reviving old labels.
*Haier Electronics shares up 20 pct at 14- yr high. HONG KONG/ BEIJING, Dec 9- Alibaba Group will invest HK $2.82 billion in appliance maker Haier Electronics Group Ltd in a deal aimed at expanding the Chinese e-commerce giant's logistics reach to the millions of consumers in China's vast interior.