Category: Whirlpool

Iowa-based Maytag and its purported buyer, Whirlpool, got into a standoff Friday over the future of Maytag`s Hoover brand.

Whirlpool, the home appliance maker that is buying smaller rival Maytag, reported a 30 percent jump in its fourth-quarter profit Thursday on strong product pricing and lower taxes.

Shares of Whirlpool and Maytag fell after TheDeal.com said the U.S. Department of Justice may not approve Whirlpool’s acquisition of Maytag. Shares of Whirlpool dropped $1.89, or more than 2 percent, to close at $83.10 on the New York Stock Exchange. Maytag declined 88 cents to $17.89.

BENTON HARBOR, Mich. – Whirlpool Corp. has moved a key executive to a new post to coordinate the integration of rival Maytag Corp. if the purchase of Maytag is completed.

Shareholders of Maytag Corp. on Thursday approved the sale of the company to rival appliance-maker Whirlpool Corp. for about $1.79 billion in cash and stock.

According to Whirlpool, it invested approximately $250 million in its North American manufacturing base in 2005.

Appliance maker Whirlpool announced Monday it plans to lay off 730 workers at its refrigerator plant in Fort Smith, Ark.

(AGI) – Naples, Italy, Dec.6 – Investments totalling 77 mln euro, reclaim of the productive site east of Naples with 14 productive and logistic operations, 240 people to be hired (making the overall staff 1000 units), two advanced research laboratories cooperating with the engineering faculties o…

Michigan based home appliances maker Whirlpool Corporation and leading Appliance Company Maytag Corporation announced that the Securities and Exchange Commission (SEC) has declared effective Whirlpool’s registration statement on Form S-4 covering the share portion of the consideration to be issue…

FORT SMITH, Ark. — Two Fort Smith manufacturers that supply the local Whirlpool Corp. refrigerator plant have launched operations in Mexico.