The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp..
The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp.. The court said 2 million subscribers in the Philadelphia area could not sue Comcast as a group.
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.
*Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate. Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit and gave a strong outlook for 2013 on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America.
*Quarterly profit of $2.29 per share before items vs estimate $2.23. *Sees 2013 profit of $9.25- $9.75/ share vs $9.17 estimate.
Jan 31- Whirlpool Corp reported a higher-than-expected quarterly profit on Thursday as price increases and cost cuts helped the world's largest appliance maker counter lackluster demand in Europe and North America. Whirlpool said fourth-quarter net earnings had fallen to $122 million, or $1.52 a share, from $205 million, or $2.62 a share, a year earlier.