Household Durables
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Graham Stock, chief strategist at Insparo Asset Management, talks about African growth opportunities, which sectors to tap into and how investors' perception is worse than reality.
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Graham Stock, chief strategist at Insparo Asset Management, talks about African growth opportunities, which sectors to tap into and how investors' perception is worse than reality.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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HANOI, May 3- When Nguyen Manh Hung's furniture company Phuc Luc was bustling, orders flew in from wealthy Vietnamese who sought his hand-crafted beds, cabinets and tables, netting him $25,000 a month after costs and wages for 35 staff. Two years later, hurt by the slump in Vietnam's economy, business in his Hanoi shop is crumbling.
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May 2- Haverty Furniture Companies Inc:. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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May 1- Haverty Furniture Companies Inc:. *Haverty furniture company: havertys reports earnings for first quarter 2013. *Q1 earnings per share $0.36.
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WELLINGTON, April 26- China has become New Zealand's biggest export market in the first quarter, adding lustre to their economic links since they inked a free trade deal five years ago and providing a vital source of growth for the South Pacific nation.
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Sales were essentially flat in North America, its largest market, and fell in Asia and Europe, Middle East and Africa. It expects 2013 industry unit shipments to stay flat in Europe, Middle East and Africa. In the United States, shipments are expected to rise 2 percent to 3 percent, and in Latin America and Asia, gain 3 percent to 5 percent.
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April 24- Whirlpool Corp, the world's largest appliance maker, on Wednesday reported a higher-than-expected quarterly profit, helped by cost cuts and price increases.
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April 24- Whirlpool Corp, the world's largest appliance maker, reported a higher-than-expected quarterly profit, helped by cost cuts and price increases. The maker of Maytag and KitchenAid appliances said on Wednesday that first-quarter net earnings rose to $252 million, or $3.12 a share, from $92 million, or $1.17 a share, a year earlier.
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*Traders estimate India has about 2.8 mln bales of stocks. But that picture could change after India said on Wednesday the state-run Cotton Corp of India would offload stocks in the open market.
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*China seen as not increasing yarn import duty. SINGAPORE, March 21- Chinese cotton industry officials downplayed the impact of the country's ballooning reserves on Thursday, a day after prices in New York fell more than 2 percent on plans by China and fellow Asian giant India to sell down stockpiles of the fiber.
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*China seen as not increasing yarn import duty. SINGAPORE, March 21- Chinese cotton industry officials downplayed the impact of the country's ballooning reserves on Thursday, a day after prices in New York fell more than 2 percent on plans by China and fellow Asian giant India to sell down stockpiles of the fiber.
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HONG KONG, Feb 8- One in five Chinese LED lighting companies may fail this year as falling prices and oversupply batter an industry that Beijing bankrolled to try to build an energy-efficient future.
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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.
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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.
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*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.
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*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.
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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.
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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.
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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.