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Household Appliances

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  • NEW YORK, Nov 21- Middleby Corp, maker of high-end kitchen appliances for both professional and home cooks, has become a new favorite of fund managers as it benefits from changing American dining habits. That push away from Big Macs has spurred Middleby's revenue growth, which hit 14 percent in its current fiscal year, and prompted 81 mutual funds, including those...

  • Flushed with ideas, toilets enter the 21st century Thursday, 30 Oct 2014 | 8:27 AM ET
    Various functions are available on the washlets that Toto Ltd. sells. The Japanese are seen as innovators in toilet technology.

    Bathroom breaks are getting a bit more luxurious as home appliance makers bring new features to the most basic of fixtures.

  • Oct 28- Whirlpool Corp on Tuesday posted a higher quarterly profit as the housing recovery in the United States lifted sales of its washers and dryers, cooktops, stoves and refrigerators. Benton Harbor, Michigan- based Whirlpool posted a third-quarter profit of $230 million, or $2.88 a share, up from $196 million, or $2.42 a share, a year earlier.

  • Whirlpool posts higher profit but reduces forecast Tuesday, 28 Oct 2014 | 11:11 AM ET
    A customer talks to a sales associate in front of a row of Whirlpool washing and drying machines.

    Whirlpool posted a higher profit on increased sales of its washers and dryers, cooktops, stoves, and refrigerators in North America and Europe.

  • Oct 28- Whirlpool Corp on Tuesday posted a higher quarterly profit, lifted by increased sales of its washers and dryers, cooktops, stoves and refrigerators in North America and Europe. But the world's largest maker of home appliances lowered its full-year profit outlook, citing costs from its acquisitions of Indesit Company SpA and Hefei Rongshida Sanyo...

  • Whirlpool posts higher profit Tuesday, 28 Oct 2014 | 6:17 AM ET

    Oct 28- Whirlpool Corp posted a higher quarterly profit on Tuesday on increased sales of its washers and dryers, cooktops, stoves and refrigerators in North America and Europe. The company, the world's largest maker of home appliances, posted a third-quarter profit of $230 million, or $2.88 a share, up from $196 million, or $2.42 a share, a year earlier.

  • UPDATE 1-Retailer Conn's says could sell itself Monday, 6 Oct 2014 | 8:43 AM ET

    Oct 6- Electronics and home appliance retailer Conn's Inc said it would consider selling itself as part of a review of strategic options. Shares of the company, which has a market capitalization of about $1.20 billion, were up 8 percent at $35.60 in premarket trading on Monday. Activist shareholder David Einhorn's Greenlight Capital Inc and hedge fund Luxor...

  • Retailer Conn's says could sell itself Monday, 6 Oct 2014 | 7:18 AM ET

    Oct 6- Electronics and home appliance retailer Conn's Inc said it would consider selling itself as part of a review of strategic options. Conn's, which also adopted a poison pill takeover defense, has engaged BofA Merrill Lynch as financial adviser and Vinson& Elkins LLP as legal counsel to assist in the process. Other options include separation of its retail and...

  • Samsung: LG, stop vandalizing our washing machines! Monday, 15 Sep 2014 | 6:56 AM ET
    A Samsung employee holds a smartphone remotely controlling a WW9000 washing machine at the IFA consumer technology fair in Berlin, September 5.

    Samsung has accused the head of rival LG Electronics' appliances business of damaging Samsung washing machines at retail stores.

  • *Electrolux to issue shares after deal completed. STOCKHOLM, Sept 8- Sweden's Electrolux AB said on Monday it would double U.S. sales by paying $3.3 billion in cash for General Electric Co's appliances business in its biggest ever deal, giving it the scale to go head-to-head with larger rival Whirlpool.

  • Electrolux to acquire GE appliance biz for $3.3B  Monday, 8 Sep 2014 | 7:16 AM ET

    This doubles our size in the U.S., says Keith McLoughlin, Electrolux CEO, discussing the acquisition of General Electric's appliance business amid growing global competition in the industry.

  • NEW YORK/ STOCKHOLM, Sept 4- Sweden's Electrolux AB is near a deal to buy General Electric Co's iconic appliance business for more than $2.5 billion, in a move that would significantly expand its reach in North America, people familiar with the matter said. Representatives for GE and Electrolux declined to comment.

  • NEW YORK, Aug 14- General Electric Co is in talks with Sweden's Electrolux AB and other parties to sell its household appliances unit, people familiar with the matter said on Thursday. Bloomberg News earlier reported that GE's appliances unit had drawn interest from Electrolux and consumer development startup Quirky.

  • *Game Digital re-emerges after old firm nearly went bust. Although overall growth trends still firmly favor online shopping, higher share prices flag investor faith in chains such as UK video-game retailer Game Digital, electrical-appliance group Dixons, and Swiss Mobilezone.

  • July 25- U.S. companies are reporting sluggish financial results in Latin America, showing the risks they face in relying on Brazil and other emerging markets in the region for growth. Several companies reported tepid performance in Brazil, the biggest economy in Latin America, where some economists fear the country is on the verge of a recession.

  • 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.

  • 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.