Whirlpool to sell Hoover to Techtronic
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Whirlpool Corp.  said on Thursday that it has reached a definitive agreement to sell the Hoover floor-care business to Techtronic Industries Co. Ltd. for $107 million in cash as it narrows its focus on appliances.
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Home Depot Inc. , looking to expand its share of the home appliance market, said Tuesday it will begin selling refrigerators, washers, dryers and other items online.
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Appliance maker Maytag Corp. on Friday  reported worse-than-expected quarterly results as sales of  Hoover vacuums fell and steel costs rose, and slashed its 2005  outlook on an expected loss of sales at key retailers.
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Appliance maker Whirlpool Corp.  said on Tuesday it plans to cut jobs at some U.S. plants and expand production at others.
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Swedish engineering company Atlas Copco Group is selling its electric tool business which includes Milwaukee Electric Tool in the United States to Hong Kong-based Techtronic Industries Co. Ltd. for 5.35 billion kronor (&#36;713 million).
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Whirlpool Corp , the world's largest appliance maker, reported a 50 percent rise in third-quarter profit on Tuesday as international demand and lower taxes helped offset a drop in U.S. sales.
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Home Depot announced Tuesday that it has started selling appliances online, joining rivals Lowe&#39;s and Sears Roebuck and Co. in a washer-and-dryer Web war.
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The electronics giant plans to sell its operations for making microchips used in its PlayStation game console to Toshiba, pulling back from the heavy investment needed.
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Home Depot Inc. HD.N, looking to  expand its share of the home appliance market, on Tuesday said  it will begin selling refrigerators and other items online,  something its top two competitors have done for years.
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The first washing machine made under   the Maytag brand by new owner Whirlpool Corp. is being rolled   out this week at Home Depot Inc., which is devoting more space   to appliances in a bid to boost its market share.
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Whirlpool Corp.  said on  Thursday it would sell its Hoover vacuum cleaner business to  Hong Kong's Techtronic Industries Co. (0669.HK) for $107  million to focus on its core appliance business.
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Whirlpool's stock is down today, but its future could be attractive.
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Whirlpool Corp  said on Thursday it planned to close two refrigerator plants and cut about 1,250 jobs in a restructuring expected to cost $15 million to $20 million.
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HONG KONG (Dow Jones)--Power tool maker Techtronic Industries Co. (0669.HK) Tuesday announced plans to buy the electric power tools business of Sweden&#39;s Atlas Copco AB (ATCO-A.
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Home Depot Inc. HD.N, looking to  expand its share of the home appliance market, said Tuesday it  will begin selling refrigerators, washers, dryers and other  items online.
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The Whirlpool Corporation said it would sell its Hoover vacuum cleaner business to the Techtronic Industries Company of Hong Kong for $107 million, to focus on its core appliance business. Techtronic, maker of Ryobi and Milwaukee tools, views Hoover as a good fit with its own vacuum lineup, including Dirt Devil and Regina in the United States and Vax in Britain. Techtronic said it would invest heavily to reinvigorate the brand. Whirlpool acquired Hoover when it purchased the Maytag Corporation this year.
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Whirlpool Corp  said on Thursday  it planned to close two refrigerator plants and cut about 1,250  jobs in a restructuring expected to cost $15 million to $20  million.