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Stock Market & Financial Investment News

News Breaks
August 21, 2014
07:50 EDTELUX, WHRMajor appliance demand decelerating, says Longbowx
Longbow's North American industry checks indicate major applicance demand had declerated form June/July promotional peaks, indicating a rapid deceleration in the Core 6 category. The firm said the Core 6 categoreis are trending into negative territory following strong July 4th sales event volumes and is hearing laundry sales are particularly weak, and may be by as much as negative double digits. The analyst notes Whirlpool (WHR) is leveraged to laundry sales and, to a lesser extent, AB Electrolux (ELUX).
News For WHR;ELUX From The Last 14 Days
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April 16, 2015
13:06 EDTWHRWhirlpool to invest EUR500M in Italian operations over next four years
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April 15, 2015
13:13 EDTWHRWhirlpool near lows, down 0.9% to $194.11
Whirlpool shares are near their lows after the Association of Home Appliance Manufacturers reported lower than expected data on appliance shipments in March, according to contacts.
April 13, 2015
09:17 EDTWHRWhirlpool, Electrolux AB estimates lowered at Longbow
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April 8, 2015
11:07 EDTWHRWhirlpool trades lower after Electrolux warns of lower appliance sales in Q1
Shares of appliance maker Whirlpool (WHR) are trading lower after Swedish home appliances manufacturer Electrolux (ELUXY) said earlier that results for the business area Major Appliances North America will be significantly lower than anticipated in the first quarter. PRICE ACTION: Electrolux shares are lower by almost 8% in late morning trading while Whirlpool shares are lower by 1% to $195.74.

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