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Household Appliances

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  • 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.

  • 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.

  • *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.

  • 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.

  • 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.

  • 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.

  • 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.

  • European shares open higher, boosted by Electrolux Wednesday, 18 Dec 2013 | 3:24 AM ET

    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.

  • *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.

  • TOKYO, Dec 4- For Japan's electronics firms, the kitchen is the final frontier. Companies from Panasonic Corp to Toshiba Corp are diverting engineers and money away from their TV operations and into developing' smart appliances' after losing out in the living room to cheaper Asian rivals.

  • Venezuela launches joint venture with Samsung Electronics Wednesday, 20 Nov 2013 | 2:42 PM ET

    CARACAS, Nov 20- Venezuela's government and South Korea's Samsung Electronics said on Wednesday they are forming a joint venture to assemble devices and home appliances in the South American country. Industry Minister Ricardo Menendez said early production of smaller items such as tablets and cellphones is expected to start next year.

  • Nov 20- Lowe's Cos Inc reported slightly lower-than-expected quarterly earnings and gave a disappointing fiscal-year outlook, underscoring the No. 2 home improvement retailer's struggle to catch up with market leader Home Depot.

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