Tag: WHR

Whirlpool To Buy 51% Stake in Hefei Sanyo (WHR)

Home appliances maker, Whirlpool Corp. (NYSE: WHR) said on Tuesday that it has agreed to buy a majority stake in China’s Hefei Rongshida Sanyo Electric Co in deal estimated at about $555.4 million. The move will allow the Company to gain traction in China.

Whirlpool said that its will purchase all Hefei Sanyo shares both from Sanyo Electric Co. and Sanyo Electric Co. (China) Ltd. After the transaction is completed, Whirlpool will hold a 51% stake in Hefei Sanyo.

Whirlpool, which is the world’s largest home appliances maker, posted better-than-expected fiscal second quarter results in July, as the sales soared 75% due to improved demand for its products from across all geographic segments.

Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR

Shares of General Electric Company (NYSE: GE) climbed about 4.60% by afternoon trade. The diversified technology solutions provider’s revenue and non-GAAP earnings slipped in the fiscal second quarter from the year earlier period; however, adjusted earnings beat Wall Street’s expectation. Continue reading Major Movers on July 19; GE, GOOG, MSFT, AMD, CMG, WHR

Major Movers on April 24; WHR, YUM, BRCM, T, AMGN, DV

Shares of Whirlpool Corp. (NYSE: WHR) fell about 4.30% in early trade after the home appliances maker reported  fiscal first quarter results which showed revenue falling short of Wall Street’s consensus estimate; however, earnings topped expectations, thanks to higher prices and cost slashing measures that helped boosting the bottom line.

Continue reading Major Movers on April 24; WHR, YUM, BRCM, T, AMGN, DV