NEW YORK, August 6 (New Ratings) – Analyst Nicohlas P Heymann of Prudential Financial maintains his “underweight” rating on Whirlpool Corp (WHR.NYS). The target price has been reduced from $58 to $52.
Category: Domestic Appliance News
Domestic Appliance News
All the latest general news from the domestic appliance industry that we find all over the world, and stories that are of interest to the trade and public, often with our own unique non-politically correct spin on it.
We cover almost anything interesting to do with appliances or that affects the industry, including new product releases, scandals, recalls, mergers, takeovers and all the other juicy appliance news from around the world.
If you have a story to share, please let us know or contact us on admin@ukwhitegoods.co.uk or contact Kenneth here
Electrolux Brings New Jobs To Robertson Co.
Hundreds of new jobs are headed to Middle Tennessee. 700 of them to be exact. Friday morning, Electrolux Home Products announced that it is adding the new jobs to its existing plant in Robertson County.
Electrolux Homes to showcase product range
AS part of its growth and development strategy, home appliances company Electrolux Kelvinator Ltd plans to open exclusive retail outlets which will also act as experience centres, as well as introduce and nurture new product categories in the Indian market.
Electrolux to sell its tool firm
WHITEGOODS company Electrolux will sell its Automated Equipment and Tooling business at Woodville as part of a restructure of its Australasian operations.
Fridge maker brings ray of hope to Africa
A COMPANY that makes solar-powered fridges used to store vaccine in Africa has seen demand for their product quadruple in the past two years.
Miele lasts longest
Miele appliances last longest of all domestic brands. This was the verdict reached on washing machines after a recent consumer poll carried out by Germany’s Nuremberg-based consumer research organisation GfK. Miele tumble dryers last on average even longer: 18.6 years. The average across all bran…
Miele invests EUR 135 m
During business year 2003/2004 (ending June 30) Miele, the domestic appliance manufacturer, invested a full EUR 135 m (previous year: EUR 126 m) in expansion of the company. This represented 6.25% of the year’s turnover of EUR 2.15 bn and was the largest investment made by the family-run company …
Barrett resigns from Whirlpool
The Whirlpool Corp. of Benton Harbor, Mich., says R. Stephen Barrett, Jr., its executive vice president and chief financial officer, will resign Sept. 1.
Electrolux backs students with online ad competition
Electrolux is encouraging student film-makers with a new initiative to develop short online films illustrating how Electrolux ‘makes life easier’.
The New www.whirlpool.com
In response to the growing number of people conducting online research before making an appliance purchase, Whirlpool has re-launched its flagship Web site at http://www.whirlpool.com . This new site offers improved functionality features and a beautiful, clean, contemporary design that reflects …