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December 19, 2012
14:50 EDTWHRWhirlpool: Department of Commerce finds foreign manufacturers guilty of dumping
The U.S. Department of Commerce gave its final ruling in a case involving imports of large residential washers from South Korea and Mexico, Whirlpool announced. The DOC concluded that foreign manufacturers, including LG and Samsung, are dumping large residential washers into the U.S. market, violating U.S. and international trade laws. The DOC announced the following dumping margins for South Korean Producers: LG, 13.02%; Samsung, 9.29%; and Daewoo, 82.41%. The DOC announced the following dumping margins for Mexican producers: Samsung, 72.41%; Electrolux, 36.52%; and Whirlpool, 72.41%. Whirlpool said it has discontinued its shipments of washers from Mexico for sale in the U.S.; thus, no cash deposits will be required. In a separate case, the DOC ruled that unlawful subsidies were provided on the same products from South Korea and the DOC determined countervailing duty margins of 72.30% for Daewoo and 1.85% for Samsung, according to Whirlpool.
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August 26, 2014
07:49 EDTWHRWhirlpool has potential upside to 2015 EPS estimates, says KeyBanc
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August 21, 2014
07:50 EDTWHRMajor 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).

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