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Stock Market & Financial Investment News

News Breaks
July 23, 2014
09:55 EDTWHRWhirlpool sees FY14 free cash flow $600M-$650M
Sees strong, new innovative product launches in 2H14 in its North America operations. Says sees positive trends in industry growth in its North America operations. Says sees continued slow market recovery in its Europe, Middle East and Africa operations. Says sees improved product price and mix in that segment along with cost and capacity-reduction initiatives in that segment. In regards to the company's Latin America operations, it sees market share gains, ongoing cost productivity and new product launches. In the company's Asia operations, it sees ongoing cost productivity, new product launches and previously announced price increases to offset inflation and currency. Says investment and anticipated integration costs of the Hefei Sanyo acquisition will negatively impact 2014, but the company continues to believe this transaction will be "meaningful and accretive" in the first year post integration. Says "well positioned for improving global demand. Expects to grow beyond its core businesses. Says Indesit and Hefei Sanyo acquisitions are on track. Says confident in delivering FY14 performance. Sees previously announced price increases to offset inflation and currency. Comments taken from slides of the company's Q2 earnings conference call presentation.
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September 15, 2014
06:33 EDTWHRWhirlpool receives final CSRC approval for majority stake acquisition in Hefei
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