South Korea’s LG Electronics denied stock market rumors on Wednesday that it might bid for Electrolux, the world’s biggest white goods maker, whose shares had risen in Stockholm.
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Can a mathematician fix your washing machine? Study group to find out.
Mathematics has moved way beyond the classroom walls as the result of a Massey University initiative. The country’s top mathematicians will gather at the University’s Auckland campus soon for their third annual brainstorm on a wide range of industry and everyday problems.
Bavarian Premier In Electrolux Talks
Electrolux AB CEO Hans Straberg is in talks with Edmund Stoiber, the Bavarian premier, and the German trade union IG Metall, according to an AFX News report.
UK Whitegoods NEC Meeting
As most of the regular UK Whitegoods readers and members will be aware the next UK Whitegoods meeting will be held at the NEC over the 23rd, 24th and 25th of February 2006. This meeting is shaping up to be one of the best we’ve had with great attendance and some really interesting guests and spea…
Wash clothes with thin air
It could be a godsend for drought-stricken communities a washing machine that needs no water or powder yet cleans clothes in a jiffy. Scientists in Singapore have invented the revolutionary appliance called the Airwash and it has already caught the eye of one major manufacturer.
Magnetic fridge attracts top innovation prize
The inventors of an environmentally friendly magnetic fridge won top prize in the Swiss Technology Award at an inaugural event promoting Swiss innovation.
Sanyo Electric relinquishes board control
Sanyo Electric, one of Japan’s biggest consumer electronics makers, said on Wednesday it was handing board control to consortium of investors, including Goldman Sachs, as it finalised a Y300bn injection designed to help it counter a crippling debt burden and steep earnings decline.
Workers strike at AEG’s Nuremberg plant
About 1,700 workers at the AEG plant in Nuremberg have begun strike action to defend their jobs. More than 96 percent of union members voted for industrial action in the middle of January after two rounds of wage negotiations between the IG Metall union and AEG management had broken down some day…
LG Plans Poland Appliance and TV Plant
LG said today it will invest 101 million euros (approx. U.S. $124 million) by 2011 in a plant in Poland to produce home appliances and LCD TVs. LG Electronics of South Korean signed an investment contract today with the government of Poland to build a plant in Wroclaw to produce home appliances a…
Antitrust Institute Opposes Maytag Buyout
Antitrust advocacy group, the American Antitrust Institute, wants the US Justice Department to block Whirlpool’s proposed purchase of Maytag, or to at least require the Benton Harbor based company to spin off holdings in its laundry business.