|December 18, 2012|
|14:21 EDT||WHR||Whirlpool trading higher following industry AHAM shipment data, says Cleveland|
Cleveland Research said November Association of Home Appliance Manufacturers, or AHAM, shipments were up 1%, vs expectations of (2%). The analyst said the improvement has been in price and mix, which is key to Whirlpool upside.
News For WHR From The Last 14 Days
Check below for free stories on WHR the last two weeks.
|July 23, 2014|
|06:15 EDT||WHR||Whirlpool lowers FY14 ongoing business EPS view to $11.50–$12.00|
The company had seen FY14 ongoing business EPS of $12.00-$12.50, consensus $12.16.
|06:10 EDT||WHR||Whirlpool reports Q2 ongoing business EPS $2.44, consensus $2.91|
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|July 22, 2014|
|15:30 EDT||WHR||Notable companies reporting before tomorrow's open |
Notable companies reporting before tomorrow's market open, with earnings consensus, include PepsiCo (PEP) , consensus $1.23; Boeing (BA), consensus $2.01; Dow Chemical (DOW), consensus 72c; EMC (EMC), consensus 43c; Simon Property Group (SPG), consensus $2.13; Thermo Fisher (TMO), consensus $1.62; General Dynamics (GD), consensus $1.77; Freeport-McMoRan (FCX), consensus 49c; Delta Air Lines (DAL), consensus $1.04; Northrop Grumman (NOC), consensus $2.22; Whirlpool (WHR), consensus $2.91; B/E Aerospace (BEAV), consensus $1.07; Ryder (R), consensus $1.40; Owens Corning (OC), consensus 46c.
|14:03 EDT||WHR||Whirlpool technical comments before earnings|
On a long-term technical basis the shares have a large bearish pattern on the weekly chart, a double top. The major initial downside objective for this pattern is at the $125 area. This is the base of the mid-portion of the familiar "M" shape of the double top. On negative news, it is possible that that area could be tested once again. A move below the $125 area would set the shares on a path to long-term bearish for price trend. On better news, the $147.50 area would be initial resistance. On an increasing scale of positive surprise, next upside objectives would be at $151.84 and $156.66.
|July 21, 2014|
|06:47 EDT||WHR||Whirlpool seeking ban on class action lawsuits over Energy Star, NY Times says|
Whirlpool is asking Congress to ban class action lawsuits related to Energy Star, a federal program that is supposed to identify products that are energy efficient, according to The New York Times. The company is threatening to withdraw from the program is such a bill isn't passed, the newspaper stated. Class action lawsuits were filed against Whirlpool and other companies after it was revealed that many products identified as energy efficient by the program did not deserve the designation, the newspaper stated. A member of Congress whose district includes several Whirlpool factories has introduced legislation that would prohibit class action lawsuits related to Energy Star if the EPA makes its own remedies for the oversights, The Times reported. Reference Link
|July 15, 2014|
|13:23 EDT||WHR||U.S. major home appliance shipments rose 11.3% in June, Bloomberg reports|
The Association of Home Appliance Manufacturers reported that U.S. shipments of major home appliances rose 11.3% in June to 7.51M units, Bloomberg reports. Shipments of washers, dryers, dishwashers, refrigerators, freezers, ranges and ovens rose 7.9% to 4.4M units.
|July 11, 2014|
|05:27 EDT||WHR||Whirlpool to acquire majority interest in Indesit for $15.06 per share|
Whirlpool and Fineldo S.p.A. announce that they have entered into a binding agreement for the sale of Fineldo's stake in Indesit. Whirlpool also entered into binding share purchase agreements with members of the Merloni family for their Indesit shares. Under these agreements, Whirlpool would acquire shares representing a total of 66.8% of the voting stock of Indesit. Whirlpool currently intends to finance this transaction through cash on hand, together with private, domestic and international public debt financing. The acquisition of control of Indesit is subject to judicial and antitrust approvals and is expected to close by the end of 2014. In this transaction, Whirlpool simultaneously entered into share purchase agreements with Fineldo for a 42.7% stake in Indesit, certain members of the Merloni family for a 13.2% stake in Indesit, and Claudia Merloni for a 4.4% stake in Indesit. This total of 60.4% of Indesit stock capital represents a 66.8% voting stake in Indesit, in light of the treasury shares held by Indesit. The purchase price under all three Share Purchase Agreements is $15.06 per Indesit share, resulting in a total expected purchase price of $1.04B. Under the Fineldo Agreement, however, the purchase price is subject to a possible pre-closing downwards or upwards adjustment based on Indesit's consolidated average net debt and net working capital. The purchase price is based on Indesit's average net debt position for 2013. Either party's breach of its obligation to consummate the transaction or Fineldo's breach of its exclusivity obligations requires payment of at least $54.8M in liquidated damages.
|05:22 EDT||WHR||Whirlpool to acquire majority interest in Indesit for $15.06 per share|
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