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Stock Market & Financial Investment News

News Breaks
May 16, 2014
06:37 EDTELUXYElectrolux signs deal with Italy to save jobs, protect sites, Reuters says
The Italian government signed a deal with Electrolux to save the company's four sites in northern Italy and protect the 6K people who work there in exchange for tax breaks and union concessions, according to Reuters, citing comments from Industry Minister Federica Guidi. Reference Link
News For ELUXY From The Last 14 Days
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July 1, 2015
15:33 EDTELUXYElectrolux AB contests DOJ opposition to acquisition of GE Appliances
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15:19 EDTELUXYElectrolux falls after DoJ files antitrust suit against GE, Electrolux
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14:52 EDTELUXYGeneral Electric intends to defend proposed deal with Electrolux
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14:37 EDTELUXYU.S. files antitrust lawsuit against GE, Electrolux over proposed deal
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14:23 EDTELUXYU.S. files antitrust lawsuit against GE over Electrolux deal, Bloomberg reports
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12:01 EDTELUXYAntitrust staff said to oppose GE sale of unit to Electrolux, Bloomberg reports
According to a person familiar with the matter, DOJ antitrust lawyers oppose Electrolux ABís (ELUXY) plan to buy General Electricís (GE) appliance business, Bloomberg reports. Reference Link
11:57 EDTELUXYAntitrust staff said to oppose GE sale of unit to Electrolux, Bloomberg reports
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June 25, 2015
06:15 EDTELUXYElectrolux CEO to step down 'on his own initiative,' Reuters reports
Electrolux (ELUXY) CEO Keith McLoughlin will step down from the company "on his own initiative," Reuters reports, citing comments from business daily Dagens Industri. Elextrolux says McLoughlin, who moved to the U.S. from Sweden a few years ago, has not yet resigned, but also noted that "all well-run public companies conduct succession planning." According to Dagens Industri, GE Appliances (GE) head Charles Blankenship would be the "top candidate" to succeed McLoughlin. Reference Link

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