*Net was 347.5 mln yuan, revenue 26.6 bln yuan. BEIJING, Dec 15- Privately owned Xiaomi Technology Ltd Co booked 347.5 million yuan in net profit last year, according to a regulatory filing that showed the world's No.3 smartphone maker grappling razor-thin margins. "They're growing so fast and so lean, I wouldn't be surprised even if they were losing money," said...» Read More
The U.S. appliance maker said its sales in China plummeted 80 percent last quarter as retailers in that country, anticipating its pending merger with Hefei Rongshida Sanyo Electric Co and the new line the merged entity will produce, stopped buying Whirlpool-branded products.
July 23- Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The world's largest maker of home appliances posted a second-quarter profit of $179 million, or $2.25 a share, down from $198 million, or $2.44 a share, a year earlier.
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.
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.
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 reported quarterly earnings and revenue that beat analysts' expectations on Thursday.
Gillette hopes its FlexBall razor can boost stagnant razor sales with a nifty new swiveling feature.
What to make of CEOs who blame weather for poor sales, and what investors can expect from spring sales, with Mary Epner, Mary Epner retail analysis.
Gap will report earnings after the closing bell. CNBC's Courtney Reagan reports on a few positive earnings surprises from other retailers.
Lululemon Athletica forecast lower-than-expected current-quarter results, after posting a profit that was almost unchanged from a year earlier.
U.S. speedskating team's miserable performance during the first week of the Olympics has turned the speculation to their high-tech skinsuits.
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.
Kobe Bryant debuted his latest pair of basketball shoes this week—the only question now is when he'll take the court in them.
Sara Blakely, the inventor of Spanx and founder of the women's undergarment company that's made her a billionaire, recounts an embarrassing BBC interview in which she used a word that has a very different meaning in England than it has in the U.S.
Black Friday just keeps getting earlier and earlier! Macy's is giving in to the trend and says it will be open on Thanksgiving day.
The Toronto Star sent reporter Raveena Aulakh to work undercover at a Bangladesh garment factory and found a nine-year-old girl working there.
A California jury found Toyota not liable in a wrongful death lawsuit over alleged defects that caused some vehicles to unexpectedly accelerate.