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Consumer Durables and Apparel Household Durables

  • 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...

  • 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...

  • Durable goods orders up 1.7% vs. 0.9% est,

    CNBC's Rick Santelli breaks down the latest numbers on the economy. And CNBC's Steve Liesman provides insight.

  • P&G CEO calls Nelson Peltz's proposals 'very dangerous' in short and long term

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • P&G CEO: Peltz's proposals 'very dangerous'

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • David Taylor, CEO, Procter & Gamble

    Jim Cramer sat down with Procter & Gamble CEO David Taylor, who shot back at activist investor Nelson Peltz.

  • 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...

  • By Manoj Kumar and Tommy Wilkes. NEW DELHI, Aug 31- India's government scrambled to defend its attempt to crack down on the shadow economy by banning high denomination banknotes, after data showed almost all of the abolished currency had made it back into the banking system. Prime Minister Narendra Modi personally led the shock move last November to outlaw 86...

  • TOKYO, Aug 14- Japan's cautious consumers are starting to loosen up, spending more on cars and home appliances and offering hope that domestic demand- and not just exports- will be strong enough to reflate an economy that has been sluggish for many years. Consumption was the main driver behind Japan's second-quarter economic growth, which expanded at an...

  • TOKYO, Aug 14- Japan's cautious consumers are starting to loosen up, spending more on cars and home appliances and offering hope that domestic demand- and not just exports- will be strong enough to reflate an economy that has been sluggish for many years. Consumption was the main driver behind Japan's second-quarter economic growth, which expanded at an...