Whirlpool rises with market amid signs of economic improvement, forthcoming federal rebatesAugust 20th, 2009 Whirlpool follows broader market higherNEW YORK — Shares of Whirlpool Corp. rose on Thursday amid broader market gains and optimism that upcoming federal rebates will boost sales of home appliances, such as refrigerators and washing machines.
Analog Devices says 3rd-quarter profit falls by more than half, but still tops estimatesAugust 18th, 2009 Analog Devices 3Q profit falls 53 percentNORWOOD, Mass. — Chip designer Analog Devices Inc.
Lowe's Cos. 2nd-quarter net income falls 19 percent; chain to scale back expansion plansAugust 17th, 2009 Lowe's 2Q profit falls; reduces expansion plansMOORESVILLE, N.C. — Lowe's Cos.
Archer Daniels Midland 4th-quarter profit drops on lower average selling prices, weak demandAugust 4th, 2009 Archer Daniels Midland 4Q falls on weak demandDECATUR, Ill. — Archer Daniels Midland Co.
Earnings roundup: US Steel posts loss as steel demand falls; Supervalu profit falls, cuts viewJuly 28th, 2009 Earnings roundup: US Steel, SupervaluAmong the earnings stories for Tuesday, July 28, from AP Financial News:
PITTSBURGH (AP) — United States Steel Corp., the largest U.S.-based steel maker, said Tuesday it lost $392 million during its second quarter as the global recession hurt orders for the metal. MINNEAPOLIS (AP) — Grocery chain Supervalu Inc.
Whirlpool 2nd-quarter profit falls on softer consumer demand for home appliancesJuly 22nd, 2009 Whirlpool 2Q profit falls on lower consumer demandBENTON HARBOR, Mich. — Second-quarter profit fell 33 percent for Whirlpool Corp., the world's largest maker of major home appliances, as consumer demand for its products significantly weakened.
Appliance maker Whirlpools 2nd-qtr profit falls 33 percent on lower consumer demandJuly 22nd, 2009 Whirlpool 2Q profit falls 33 pct on lower demandGRAND RAPIDS, Mich. — A significant drop in consumer demand slashed second-quarter profit 33 percent at Whirlpool Corp., the world's largest maker of home appliances.
Whirlpool North America president Mike Todman sees small pent-up consumer demandJuly 22nd, 2009 On the Call: Whirlpool NA President Mike TodmanDuring the recession, amid job uncertainty and falling home prices, concerned consumers have put off buying many big-ticket items. Whirlpool Corp., the world's largest manufacturer and marketer of major home appliances, reported Wednesday that its second-quarter revenue dropped 18 percent from the same period last year, including a 17 percent dip in North America.
Best Buy 1st-quarter profit falls 15 percent as same-store sales drop but beats expectationsJune 16th, 2009 Best Buy 1Q profit drops 15 percentNEW YORK — Best Buy Co. Inc. reported Tuesday that its first-quarter profit fell 15 percent, even as its biggest competitor exited the market, as recession-weary shoppers cut back on items like appliances and digital cameras.
Sara Lee's 3rd-quarter profit falls on consumer pullback; adjusted results top Wall StreetMay 9th, 2009 Sara Lee's 3Q profit falls 22 percentDOWNERS GROVE, Ill. — Food maker Sara Lee says its fiscal third-quarter profit fell 22 percent as sales dropped on a consumer spending pullback and the stronger dollar.
Consumer products maker Unilever reports 45 percent fall in 1st-quarter net profit, sales dipMay 8th, 2009 Unilever first-quarter net profit falls 45 percentAMSTERDAM — Unilever NV, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, has reported a 45 percent fall in net profit for the first quarter, as sales dipped and restructuring costs increased. The company says net profit was euro731 million, down from euro1.34 billion.
Duke Energy first-quarter profits fall 25 percent as recession reduces demand for powerMay 5th, 2009 Duke 1Q profit falls 25 percent as industry slowsCHARLOTTE, N.C. — Power generator Duke Energy says its first quarter earnings fell 25 percent as the deep recession cut demand for electricity among its industrial customers.
Whirlpool 1st-quarter profit slips on softening demand, but results top Wall StreetApril 27th, 2009 Whirlpool 1Q profit drops on weakening demandGRAND RAPIDS, Mich. — Whirlpool Corp., the world's largest maker of stoves, refrigerators and other major home appliances, said Monday its first-quarter profit fell 28 percent on slumping sales, softening consumer demand and the stronger dollar.
GM, Whirlpool, Beazer Homes, Qualcomm, Us Airways are big market movers MondayApril 27th, 2009 GM, Whirlpool, Beazer Homes, Qualcomm big moversNEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
General Motors Corp., up 35 cents at $2.04
The automaker laid out a massive restructuring plan that includes an offer to swap roughly $27 billion in bond debt for GM stock. Whirlpool Inc., up $2.96 at $43.69
The appliance maker said its first-quarter profit dropped on slumping sales, softening consumer demand and the stronger dollar.
German pharma, chemical company Merck sees 1st-quarter net profit drop 76 percentApril 27th, 2009 Merck 1Q net profit falls 76 percentFRANKFURT — German pharmaceutical and chemical company Merck KGaA said Monday that its first-quarter net profit dropped by 76 percent as demand for chemicals in particular declined. Darmstadt-based Merck said net profit for the January-March quarter fell to euro57 million ($75 million) from euro239 million a year earlier.
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