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.» Read More
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.
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.
The average US refrigerator is 15 percent larger than 30 years ago, and one out of four homes has a second one. See a problem?
Chinese white goods company Haier’s $705 million offer for its New Zealand partner Fisher & Paykel Appliances is tempting given slowing demand for its products, but Keith Turner, Chairman of Fisher & Paykel, says shareholders should not accept the offer, just yet.
What's so special about this vacuum cleaner? "High-performing 10 amp motor, 14" wide cleaning nozzle with wooden roller brush, anti-marring urethane wheels, lightweight at just under 16 pounds." Oh yeah, it's also plated in 24k gold ... and costs $999,999. Who is the target audience? "Those who simply can," says the Go Vacuum website.
It might have a broken stock, but “Mad Money” host says it’s not a broken company.
From refrigerators to washers, these machines may control you as much as you think you are controlling them. Click ahead to view some of the coolest smart-tech appliances.
Making a bullish and bearish case for Whirlpool, with Mike Murphy, Rosecliff Capital, and Pete Najarian, optionMONSTER.com. Also, the Fast Money traders weigh in with the play on the stock.
With the poor job market and uncertain recovery, hundreds of thousands of Americans have put off moving out on their own — and that's depriving the economy of a lot of activity. The New York Times reports.
From autos to appliances to high-tech gadgets, there are lots of choices for conumers.