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...The EU competition authority has set a deadline of October 23 to make a ruling on the Arçelik-Whirlpool deal, according to a filing last week....
...Despite the struggles in Europe, Arçelik is pushing ahead with a deal that will hand it control of Whirlpool’s European home appliance business....
...Neither Whirlpool nor Arcelik is Italian. But Whirlpool, which bought local appliance maker Indesit in 2014, has a big footprint in the country....
...Whirlpool on Friday blamed “inefficiencies across the supply chain” for “pretty brutal” increases in prices for steel, resin and other materials, saying these would add almost $1bn to the appliance manufacturer...
...Our FT colleagues report on Chinese entrepreneurs’ moves prior to the political whirlpool (The Big Story)....
...Whirlpool said the fault had not yet caused any serious injuries and that property damage had been minimal in most cases. Whirlpool has previously faced fire safety issues with its products....
...Whirlpool shares, which are up 16 per cent year-to-date, fell 6.9 per cent in after-hours trade....
...The new board will also be more independent than in the past, with the arrival of Safran chief executive Philippe Petitcolin and former Whirlpool executive Esther Berrozpe Galindo, replacing an associate...
...Whirlpool....
...Whirlpool shares are down another 11.16 per cent so far in 2018....
...Whirlpool Corp group failing to get enough interest to justify going ahead with a 10-year, expected €500m issue at midswaps+100bp....
...Whirlpool, importantly, also cited increasing oil prices that have made both resin costs and freight transport pricier....
...Whirlpool shares dropped 1 per cent in after-hours trading....
...Among Sears’ largest trade creditors, according to court papers, are Whirlpool Corporation (owed $23m), Frigidaire ($19m) and Winia Daewoo ($15m)....
...Companies that have announced price increases include Coca-Cola, Kraft Heinz, Stanley Black & Decker and Whirlpool, but not all have yet taken effect....
...Whirlpool also told investors it had raised its pricing in response to the “significant headwind” of steel and aluminium tariffs pushing up the cost of raw materials for its washing machines, and companies...
...Companies from Coca-Cola to Whirlpool have announced price increases, however, expressing confidence in a strong economy allowing them to pass the burden to customers....
...Net earnings available to Whirlpool came in at $276m for the quarter, versus the $238m from a year earlier....
...While Sears’ partnership with Whirlpool stretches back more than a century, Whirlpool’s business with Sears has “declined over time” and now represents just 3 per cent of its global business, with the Whirlpool-branded...
...Whirlpool did not respond to requests for comment....
...Whirlpool said it expects a hearing on possible remedies to be held October 19....
...Last week, the US International Trade Commission recommended tariffs to keep LG and Samsung from flooding the US market in a move to protect American appliance giant Whirlpool....
...“The ITC vote is an important win for American manufacturers and American workers,” said Jeff Fettig, Whirlpool’s chairman....
...Whirlpool’s shares fell 4 per cent in after-hours trading on Wednesday after its results for the three months ending June 30 underwhelmed Wall Street....
...strong results during his 18-year tenure at Whirlpool....
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