Whirlpool Corporation Reports Record 2006 First-Quarter Results

Whirlpool Corporation WHR today announced that net earnings increased 37 percent for the first quarter of 2006 to $118 million, or $1.70 per diluted share, compared to $86 million, or $1.26 per diluted share, in the same period last year. The increase reflects strong trade and consumer demand for…

Whirlpool-Maytag deal eyed by appliance rivals

Some of Whirlpool’s biggest appliance rivals said they were surprised the US Department of Justice required no divestitures in allowing the purchase of Maytag, but they do not expect the merger to affect their business strategies.

Towards the magnetic fridge

Researchers at the University of Cambridge have discovered a material that gives a whole new complexion to the term ‘fridge magnet’. When this alloy is placed in a magnetic field, it gets colder. Karl Sandeman and his co-workers think that their material – a blend of cobalt, manganese, silicon an…

Haier Electronics mulls deal with parent

Haier Electronics Group said Thursday it is considering buying assets from its parent, Haier Group Corp, which is intended to turn the Hong Kong company into the Chinese white-goods giant’s main listed company.

WEEE, WEEE, WEEE all the way to eBay

Repeated delays in the implementation of the Waste Electrical and Electronic Equipment (WEEE) Regulations by the government have been welcomed by UK organisations, according to a recent survey into their preparedness. The new directive which was due to come into force this year and may now be del…