News: Whirlpool Corp (WHR)

WHR on New York Consolidated

151.86USD
22 Aug 2014
Price Change (% chg)

$-0.02 (-0.01%)
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$151.88
Open
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Thu, Aug 14 2014

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Samsung buys home-automation startup SmartThings

SAN FRANCISCO - Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date.

Samsung buys home-automation startup SmartThings

SAN FRANCISCO, Aug 14 - Samsung Electronics Co Ltd will buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest U.S.-startup acquisitions to date.

Sturdy U.S. services, factory data boost growth picture

WASHINGTON - U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

Sturdy U.S. services, factory data boost growth picture

WASHINGTON - U.S. services sector activity hit an 8-1/2 year high last month and factory orders surged in June, bolstering expectations of solid economic growth in the third quarter.

Whirlpool cuts outlook as China sales plunge ahead of merger

- Whirlpool Corp on Wednesday posted a lower-than-expected quarterly profit and cut its full-year earnings outlook, citing a sales drop triggered by its pending acquisition of a Chinese rival.

UPDATE 2-Whirlpool cuts outlook as China sales plunge ahead of merger

(Recasts, adds comments from CEO, analyst, updates shares)

Whirlpool posts lower profit, cuts outlook on acquisition expenses

July 23 - Whirlpool Corp on Wednesday reported a lower quarterly profit as sales fell in every region except North America. The company also cut its full-year earnings outlook, citing expenses from two pending acquisitions.

RPT-Fitch Places Whirlpool's Ratings on Watch Negative

July 14 - (The following statement was released by the rating agency)

Whirlpool to buy majority stake in Italy's Indesit for $1 billion

- Whirlpool WHR.N, the world's largest maker of home appliances, has agreed to pay 758 million euros ($1 billion) to buy a 60 percent stake in smaller Italian rival Indesit IND.MI to further expand beyond its U.S. home market.

UPDATE 3-Whirlpool to buy 60 percent of Italy's Indesit for $1 bln

* Indesit family had clashed over strategy-sources (Adds context, shares, analysts)

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