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Household Durables

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  • BEIJING, March 17- Chinese e-commerce giant Alibaba Group Holding Ltd has joined the race to develop' smart' household appliances, partnering with Chinese electronic goods maker Midea Group to produce home devices that talk to each other. Alibaba said on Sunday its long-awaited IPO, expected to be valued at over $15 billion, will take place in the United States.

  • NEW YORK, March 13- Cotton is no longer king of the U.S. apparel industry as lower prices fail to revive consumer demand and once-mocked man-made fibers take a permanent place in American wardrobes.

  • PORCIA, Italy, March 9- The boxy white and grey factory of this rainy northern town makes fewer than half the washing machines it did when Italy joined the euro. Home appliance maker Electrolux, which owns the factory, wants to cut the salaries of some 5,000 workers at the plant and three other factories across Italy by up to 15 percent over the next three years.

  • BEIJING, March 4- China's decision last month to sell a stake in a subsidiary of Sinopec Corp signals more privatisation of its bloated state-owned sector will take place soon, with plans likely to be discussed at this week's parliament session, officials and experts said.

  • TOKYO, Feb 26- Goldman Sachs Group Inc is considering putting money into a major Japanese airport, the latest foreign investor to eye infrastructure projects as Prime Minister Shinzo Abe seeks to open up the market.

  • *Sears, Whirlpool were sued over moldy washers. By refusing to hear the appeals in three lawsuits, the court allowed claims against Whirlpool Corp, Sears Holdings Corp and a unit of Germany's BSH Bosch und Siemens Hausgeraete GmbH to move forward as class actions in lower courts.

  • By declining to hear the cases, the court allowed claims against Sears Roebuck and Co, Whirlpool Corp and BSH Home Appliance Corp to move forward in lower courts.

  • 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- 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.

  • INSIGHT-Italian home base hampers sofa king Natuzzi Sunday, 12 Jan 2014 | 4:00 AM ET

    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.

  • Turkey overtakes China as No. 1 buyer of U.S. cotton Friday, 27 Dec 2013 | 6:30 PM ET

    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.

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