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Stock Market & Financial Investment News

News Breaks
January 28, 2014
08:15 EDTWHRWhirlpool to no longer pursue current refrigeration appeal after ITC ruling
Whirlpool Corporation announced that the company had achieved its goal of bringing unlawful appliance trade activity to the attention of the U.S. government. As a result, the company will no longer pursue the current refrigeration appeal following a favorable ruling from the U.S. Court of International Trade earlier this month. Earlier this month, Whirlpool won a favorable ruling from the U.S. Court of International Trade, in which the court agreed that significant errors were made in a 2012 trade remedy decision by the U.S. International Trade Commission. The case involved refrigerators imported from South Korea by LG and Samsung between 2008 and 2011. Whirlpool said, "Because of our actions, there is no longer any doubt that dumping occurred and is occurring, both for washers and refrigerators. We are encouraged that the Court ruled there were mistakes made by the Trade Commission in not finding injury in the refrigeration case, particularly after the Commission determined that U.S. appliance workers and consumers were harmed by foreign competitors' unlawful washer trade actions. Since we filed the refrigerator case, the U.S. marketplace, the products, prices and the countries of supply have changed. Rather than pursue an appeal based on outdated data, we will put our energies toward continuing to monitor the U.S. appliance marketplace, evaluating potentially faster and more effective paths to achieve trade remedies and, when necessary, taking actions to defend U.S. manufacturing, innovation and consumers."
News For WHR From The Last 14 Days
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December 18, 2014
07:26 EDTWHRWhirlpool price target raised to $219 from $198 at MKM Partners
MKM Partners raised Whirlpool's price target to $219 following yesterday's analyst day citing compelling long-term growth strategies. Shares are Buy rated.
December 17, 2014
12:01 EDTWHRWhirlpool says 'bullish' on N.A. market demand prospectus for next 5 years
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11:50 EDTWHRWhirlpool sees 'game changing' acquisitions in Europe, Asia
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11:11 EDTWHRWhirlpool says targeting 2018 net sales $26B-$28B
11:07 EDTWHRWhirlpool says targeting to double ongoing EPS by 2018
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December 16, 2014
11:54 EDTWHRWhirlpool to host investor day with a conference call hookup
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December 15, 2014
18:07 EDTWHRWhirlpool sees FY15 GAAP EPS $10.75-$11.75, consensus $14.50
For 2015, Whirlpool expects to report full-year GAAP net earnings per diluted share of $10.75-$11.75 which includes acquisition related integration costs. The company expects to report full-year ongoing business earnings per diluted share of $14.00-$15.00.
18:05 EDTWHRWhirlpool lowers FY14 GAAP EPS to $8.00-$8.20 from $9.40-$9.90
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18:04 EDTWHRWhirlpool sees FY14 ongoing EPS $10.90-$11.10, consensus $11.65
For the full-year 2014, the company continues to expect to generate free cash flow of $650M-$700M.
18:03 EDTWHRWhirlpool sees FY15 ongoing EPS $14.00-$15.00, consensus $14.50
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12:01 EDTWHRWhirlpool volatility increases into Investors Day
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