FRANKFORT, Ky.-- House lawmakers agreed on Monday to extend state tax incentives aimed at spurring new expansion projects by General Electric Co. and AK Steel, two key employers in the state.» Read More
WASHINGTON/ NEW YORK, Oct 22- JPMorgan Chase& Co's preliminary $13 billion mortgage settlement with the U.S. government could end up costing the bank a considerably lower $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources familiar with the matter said.
*Third-quarter adj. earnings $2.72/ share vs est $2.61. *Third-quarter appliance sales rise in Europe and North America. Oct 22- Whirlpool Corp, the world's No. 1 home appliance maker, raised its full-year earnings forecast after a recovering U.S. housing market and consumer sentiment in Europe boosted sales of refrigerators, dishwashers and air conditioners.
*Third-quarter appliance sales rise in Europe and North America. Oct 22- Whirlpool Corp, the world's No. 1 home appliance maker, raised its full-year earnings forecast after a recovering U.S. housing market and consumer sentiment in Europe lifted sales of its refrigerators, dishwashers and air conditioners.
*Third-quarter earnings $2.72/ share excluding items vs est $2.61. *Third-quarter appliance sales rise in Europe and North America. Oct 22- Whirlpool Corp raised its full-year earnings forecast after strong sales of its home appliances in Europe and North America helped the company to more than double its quarterly profit.
Oct 22- Whirlpool Corp said its quarterly profit more than doubled as the company's cost cutting efforts paid off. Net income available to the world's largest appliance maker rose to $196 million, or $2.42 per share, in the third quarter from $74 million, or 94 cents per share, a year earlier. Excluding items, Whirlpool earned $2.72 per share.
"We're hearing so much more about the government shutdown now and it's not just a sentiment of being fed up, fear is really starting to set in," said Tammy Darvish, vice president of DARCARS Automotive Group, a family-run company that owns 21 auto dealerships in the greater Washington area.
DETROIT/ CHICAGO, Oct 16- A deal over the U.S. budget crisis and government shutdown cannot come soon enough for many companies.
*China's home appliance market expected reach $105 bln in next two years. HONG KONG, Sept 30- Investment company KKR& Co LP said it had agreed to buy a 10- percent stake in Qingdao Haier Co Ltd, gaining exposure to China's home appliances market with its biggest investment in the country to date.
LONDON, Sept 24- The Energy Savings and Industrial Competitiveness Act is the sort of dull but worthy law that should easily pass the U.S. Senate, even in an era of extreme partisan polarisation.
AMSTERDAM, Sept 17- Philips raised most of its financial targets and announced plans to return 1.5 billion euros to shareholders, saying it would reap the benefits of a two-year revamp to focus on healthcare, lighting and consumer appliances.
AMSTERDAM, Sept 17- Philips, the Dutch healthcare, lighting and consumer appliances group, raised most of its financial targets on Tuesday after two years of job cuts, divestments, and a focus on core activities turned around performance.
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.
Keith McLoughlin, Electrolux president & CEO, discusses his company's quarterly results, housing and the strength of the consumer.
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.
The Supreme Court on Monday strikes down an appeals court ruling that favored consumers who bought Sears front-loading washing machines.
Alex Gunz, fund manager at Heptagon Capital, remains very positive on equities and picks his favourite stocks which include Electrolux and Duerr.
Marriage confers the benefits of division of labor and economies of scale on everything from washing machines to health insurance. But it's not just about living under the same roof.
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.
Jeff Fettig, Whirlpool Corporation chairman & CEO, discusses his company's better-than-expected fourth quarter, as shares of the stock are up more that 100 percent over the last year.
GOME Electrical Appliances, backed by private equity firm Bain Capital, expects it made a loss last year because of a slowdown in China's economy and an unprofitable e-commerce business, the company said on Monday.