Gillette to Contest Subpoena for Procter & Gamble Merger

In a company statement, Personal care appliance maker The Gillette Company said that Secretary of the Commonwealth William F. Galvin lacks the authority under Massachusetts law to pursue his highly publicized inquiry of the company’s proposed merger with Procter & Gamble. The company said it …

Whirlpool Reports Lower Earnings, Increased Sales

Appliance maker Whirlpool Corporation announced that first-quarter 2005 net earnings declined to U.S. $86 million, or $1.26 per diluted share, compared to $101 million, or $1.43 per diluted share, in the same period last year. The company says the decline was driven by significantly higher materi…

Job Cuts At Indesit?

In The Sunday Express this Sunday it was reported that a slump in high dtreet sales for household goods has led to thousands of workers being laid off. Poor sales of whitegoods is being blamed for this and unions warn that redundancies may be set to follow.

Jobs to go as Index stores close

UK retail group Littlewoods will cut up to 3,200 jobs as part of plans to shut 126 of its Index catalogue-based shops. Littlewoods is selling the remaining 33 shops in the Index estate to retail giant GUS, which will convert them into Argos stores, saving 800 jobs.

Twin tubs all set to make a comeback

Twin tub washing machines and stand-alone spin dryers are making a comeback according to Carl Thompson, financial director of Thompsons Discount Electrical. “Thompsons has been importing its own brand twin tub washers and spin dryers with great success.

LG Aims to be Top in Home Appliances

LG Electronics, one of Korea’s largest home appliance makers, strives to become the global leader in 2007. The company said it aims to increase household appliance sales from U.S. $8.5 billion in 2004 to $14 billion in 2007 to pass competitors such as Whirlpool and Electrolux.

Eco Egg Washing Machine

If you’re talented in the art of buying lambswool jumpers that shrink when touched by a warm exhilation, the cute little Eco Egg washing machine could be just what you’re after. Pushing aside the spin-cycle in favour of ‘gentle agitation’, it takes the role of a loving boyfriend and caresses your…

Haier to get heavy on F&P deal

Fridge and dishwasher maker Haier says it will make Fisher & Paykel’s exclusive dealer arrangement a key issue in New Zealand’s upcoming free-trade talks with China. Haier China bought distribution company Black Diamond Holdings’ 46 per cent stake in joint venture company Haier Appliances New…