Whirlpool missed profit and revenue expectations by a wide margin, and cut their full year forecast.» Read More
*Fastenal reports revenue below expectations. *The S&P 500 has fallen for three of the past four sessions, dropping Thursday on concerns over the financial health of Portugal's top listed bank. *Fastenal Co reported second-quarter revenue that was below expectations.
BENTON HARBOR, Mich.— Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy. The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock.
July 10- Whirlpool Corp, the world's largest maker of home appliances, said it will buy 66.8 percent of voting stock of Italian white goods maker Indesit Company SpA for about 758 million euros to spur its growth in Europe.
General Electric Co. fell$. 13 or. 5 percent, to $26.20. Snap-On fell $1.13 or. 9 percent, to $118.05. Whirlpool Corp. fell $2.08 or 1.5 percent, to $139.03.
General Electric Co. fell$. 12 or. 5 percent, to $26.20. Snap-On fell $1.59 or 1.3 percent, to $117.59. Whirlpool Corp. fell $2.64 or 1.9 percent, to $138.47.
SAN FRANCISCO, July 1- Microsoft Corp has joined Qualcomm Inc and other technology companies in a bid to establish standard ways for household devices like light bulbs and thermostats to talk to each other.
SAN FRANCISCO, June 23- Nest, the Google Inc- owned maker of smart thermostats and other home automation products, will allow other companies to create apps that communicate with its devices. Nest said that it was working with companies including washer-dryer maker Whirlpool Corp and automatic garage door opener company Chamberlain.
Stocks were mixed on Tuesday, with the S&P crossing 1,900 for the first time.
Tuesday's midday movers:
Some of Monday's midday movers:
Jeff Fettig, Whirlpool Corporation chairman & CEO, breaks down the company's quarterly earnings, gives his outlook for housing and where Whirlpool plans to spend money.
This quarter's earnings have a clear trend: they either beat expectations or report in-line, which does little to help the stock.
April 25- Whirlpool Corp on Friday reported quarterly results below analysts' expectations as currency and other headwinds in Latin America and Asia offset a modest sales increase in North America and Europe.
*Microsoft rises as earnings beat expectations. NEW YORK, April 25- U.S. stock index futures pointed to a lower open on Friday as a number of bellwether names, including Amazon and Ford, fell following their quarterly results, overshadowing positive numbers from Microsoft.
Some of the names on the move ahead of the open.
*Microsoft shares rise after results, Amazon down. NEW YORK, April 25- U.S. stock index futures edged lower on Friday as intensifying violence in Ukraine and weakness in Amazon.com overshadowed positive results from Microsoft Corp.. *Amazon fell 2 percent to $330.25 after posting a jump in revenue that was offset by sharp increases in spending.
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 currency and other headwinds in Latin America and Asia. The company said sales rose 4 percent in North America and by a similar rate in Europe.
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.
"These stocks are not expensive," Jim Cramer said on "Squawk on the Street" about companies that offer an indirect way to invest in the housing sector.
Cramer honestly believes that regular investors can outperform the broad market every day, including today, simply by following this strategy.