Kesa Electricals dives after hopes of a Dixons bid falter

Shares in Kesa Electricals found themselves under heavy selling pressure yesterday as Deutsche bank warned investors that a bid for the retailer from Dixons is unlikely to emerge in the near term. Kesa dropped 7.25p to 256.5p, having soared nearly 13 per cent over the past month on speculation of…

Whirlpool, union discussing new pact

Negotiators for Whirlpool Corp. in Evansville and Local 808 of the IUE (International Union of Electrical Workers) have started discussions on a new labor contract to replace the four-year agreement that expires Feb. 19.