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.
Electrolux had gained more than 3 percent on the market talk, which analysts had met with skepticism.Electrolux had gained more than 3 percent on the market talk, which analysts had met with skepticism.
“It is not true that LG may bid for Electrolux,” LG spokesman Kim Kyung-hwan told Reuters.
From Boston.com
Electrolux, manufacturer of Electrolux and Frigidaire Frontload Washers, has been sued by California, Florida, Maryland, Michigan, Oregon, Pennsylvania and Texas citizens in a lawsuit filed in the United States District Court for the Central District of California. The lawsuit states that Electro…
current.com.au has reported that Electrolux will cease washing machine production under the the Westinghouse brand and replace it with new Electrolux-branded machines, according to laundry product marketing manager Grant Stevens. Mr Stevens said, “We’re replacing that [Westinghouse] with Electrol…
LESS than three weeks after Electrolux announced it was cutting 200 jobs from its Orange fridge factory, it now appears up to 80 more jobs could be cut from the plant.