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Consumer Discretionary Consumer Durables and Apparel

  • WASHINGTON, Oct 19- Whirlpool and GE Appliances asked a U.S. trade panel on Thursday to recommend 50 percent import duties on large residential washing machines to ensure that rivals LG and Samsung follow through on plans to shift washer production to the United States. This is our last chance to get it right, "Whirlpool attorney Jack Levy told the U.S....

  • SEOUL, South Korea— LG Electronics said Thursday that it will work with Qualcomm to jointly research and develop autonomous driving technologies. The South Korean company said in a statement that the U.S. chipmaker and the company have opened a joint research center in Seoul and will open another one in Seoul by the end of 2018.. LG Electronics, a major TV and home...

  • The shoes of Stephen Curry #30 of the Golden State Warriors during practice.

    Jefferies reiterated its buy rating for Under Armour shares, predicting its latest sneaker launch will be a big success.

  • CHATTANOOGA, Tenn.— Shaw Industries, the country's biggest carpet maker, is buying a Tennessee- based producer of digital carpet samples and design tools. The Chattanooga Times Free Press reports that Shaw, a subsidiary of Warren Buffett's Berkshire Hathaway, acquired Tricycle Inc. for an undisclosed sum. Information from: Chattanooga Times Free Press,...

  • SHANGHAI, Oct 10- Hobbled by the yuan's unexpected surge this year, more Chinese companies are trading currency derivatives to hedge risks, although many mainland firms remain exposed to swings in China's increasingly volatile currency. Companies in China have for years been accustomed to a stable yuan that moved in one direction for long periods of time.

  • STOCKHOLM, Oct 9- Ericsson has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Johansson as chairman, pending a shareholder vote planned for March 28.

  • STOCKHOLM, Oct 9- Ericsson has picked Ronnie Leten, the former boss of mining gear maker Atlas Copco, as its new chairman, as the mobile equipment company battles to revive its fortunes. Ericsson has been hit hard by competition from China's Huawei and Finland's Nokia as well as weak emerging markets and falling spending by telecoms operators, with demand for...

  • WASHINGTON, Oct 5- The U.S. International Trade Commission found on Thursday that surging imports of large residential washing machines harmed domestic producers, a major step toward the imposition of broad duties or quotas on foreign-made Samsung- and LG-brand machines. The commission, voting 4-0 in favor of a finding that the large number of imports was...

  • WASHINGTON, Oct 5- The U.S. International Trade Commission on Thursday found that imports of large residential washing machines were harming domestic producers, in a major step the imposition of duties or quotas on foreign-made Samsung- and LG-brand washers. The case, brought by U.S. appliance giant Whirlpool Corp, asked the ITC to recommend to President Donald...

  • WASHINGTON, Oct 5- The U.S. International Trade Commission on Thursday announced a preliminary finding that U.S. manufacturers of washing machines are being harmed by imports from South Korea. The case, brought by appliance giant Whirlpool Corp, asked the ITC to impose "global safeguard" restrictions on imported washing machines to stop South Korean rivals...

  • WASHINGTON, Sept 7- Appliance giant Whirlpool Corp on Thursday called on the U.S. International Trade Commission to impose "global safeguard" restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines. His concerns were echoed by an executive of GE Appliances, which also makes...

  • WASHINGTON, Sept 7- Appliance giant Whirlpool Corp on Thursday called on the U.S. International Trade Commission to impose "global safeguard" restrictions on imported washing machines to stop its South Korean rivals Samsung and LG from flooding the American market with cheap machines. In testimony to the trade body, Whirlpool Chief Executive Officer Jeff...

  • UNITED NATIONS, Sept 6- The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday. A resolution needs nine votes...

  • UNITED NATIONS, Sept 6- The United States wants the United Nations Security Council to impose an oil embargo on North Korea, ban the country's exports of textiles and the hiring of North Korean laborers abroad and subject leader Kim Jong Un to an asset freeze and travel ban, according to a draft resolution seen by Reuters on Wednesday. It was not immediately clear...

  • *Energy, materials lead, utilities lag. NEW YORK, Sept 1- Wall Street gained modestly on Friday as a tepid U.S. jobs report kept expectations muted for another interest rate hike this year, while investors kicked off a typically dour month for stocks on a positive note. The latest economic data that came out today... didnt provide information to the Fed that they need to...

  • NEW YORK, Sept 1- Wall Street gained on Friday as a tepid U.S. jobs report did little to change bets for another interest rate hike this year, while investors were on track to kick off a typically dour month for stocks on a positive note. The Labor Department said on Friday nonfarm payrolls increased by 156,000 last month, while economists had forecast an increase of...

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. *Average hourly earnings rise 0.1 pct vs. est 0.2 pct. Sept 1- U.S. stocks rose on Friday, with the Dow hitting the 22,000 mark for the first time in more than two weeks, after a tepid August jobs report increased the likelihood of the Federal Reserve holding back on raising interest rates again this year.

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. Sept 1- U.S. stocks opened higher on Friday, with the Dow hitting the 22,000 mark, after data showed job growth slowed more than expected in August, which could make the central bank cautious about raising interest rates again this year. "It's a little bit of a disappointment," said Scott Anderson, chief economist at...

  • *August nonfarm payrolls up by 156,000 vs. est. 180,000. Sept 1- U.S. stocks looked set to open higher after data showed job growth slowed more than expected in August and wage growth remained anemic, potentially making the central bank cautious about raising interest rates again this year. "It's a little bit of a disappointment," said Scott Anderson, chief economist...

  • The Labor Department's report is expected at 8:30 a.m. ET. *Wall Street closed higher on Thursday as investors reacted to economic data and took cautious hope from Washington's latest promises for long-awaited details of a tax reform plan. Treasury Secretary Steven Mnuchin said that President Donald Trump's administration has a detailed plan on tax...