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Household Appliances

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  • 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.

  • GE in talks to sell appliances business: Report Wednesday, 16 Jul 2014 | 2:40 PM ET

    General Electric is in talks with potential suitors about selling its appliances business for up to $2.5 billion, Bloomberg reported.

  • 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.

  • "We all feel strongly that something should be done and we should get on with this," said William Ruckelshaus, the first EPA chief, who served under EPA founder, President Richard Nixon, and again under Ronald Reagan.

  • Google's Nest recalls 440,000 fire alarms in US Wednesday, 21 May 2014 | 5:20 PM ET
    Nest Thermostat

    Nest is recalling 440,000 smoke detectors, according to a notice that provides public knowledge of how many of the smart home appliances have shipped.

  • SAN FRANCISCO, May 21- Google Inc's Nest Labs is recalling 440,000 smoke detectors, according to a U.S. government notice on Wednesday that provides the first public revelation of how many of the smart home appliances have shipped since sales started in November.

  • April 25- Whirlpool Corp said on Friday that its quarterly operating profit rose as strong sales increases in much of the world, including Europe and North America, offset weakness in Asia. The world's largest maker of home appliances reported a first-quarter net profit of $160 million, or $2.02 per share, down from $252 million, or $3.12 a share, a year earlier.

  • BEIJING, April 22- Far from the spotlight, in secretive high-level meetings and company boardrooms, Beijing is drawing up one of the country's thorniest reforms: an overhaul of China's hugely inefficient state-owned industry.

  • SAN FRANCISCO, April 6- The personal data gathering abilities of Google, Facebook and other tech companies has sparked growing unease among Americans, with a majority worried that Internet companies are encroaching too much upon their lives, a new poll showed.

  • 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.

  • 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.

  • Currency headwinds hurt: Electrolux CEO     Friday, 31 Jan 2014 | 5:10 AM ET

    Keith McLoughlin, Electrolux CEO, tells CNBC he is pleased with the group's "broad growth" and "rich pipeline," and discusses currency headwinds impacting the group.

  • Comeback companies: Whirlpool's recent rise     Wednesday, 21 Aug 2013 | 6:43 AM ET

    Whirlpool took a hit when the housing bubble burst but the stock is showing signs of recovery as consumers begin spending again to furnish new homes and upgrade older appliances, reports CNBC's Jackie DeAngelis.

  • Electrolux's CEO on retail growth strategy     Friday, 19 Jul 2013 | 8:24 AM ET

    Keith McLoughlin, Electrolux president & CEO, discusses his company's quarterly results, housing and the strength of the consumer.

  • Home Warranties Don't Always Provide Peace of Mind Monday, 17 Jun 2013 | 8:09 AM ET

    Home warranties are supposed to provide peace of mind. But in many cases, people who try to use them when something breaks experience disappointment and frustration.

  • Court Blocks Faulty Washers Ruling Against Sears Monday, 3 Jun 2013 | 1:17 PM ET

    The Supreme Court on Monday strikes down an appeals court ruling that favored consumers who bought Sears front-loading washing machines.

  • Electrolux Looking Increasingly Attractive: Pro     Wednesday, 8 May 2013 | 11:30 AM ET

    Alex Gunz, fund manager at Heptagon Capital, remains very positive on equities and picks his favourite stocks which include Electrolux and Duerr.