Electrolux to export Europe jobs
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Shares in Electrolux rise 14% after it says it plans to relocate 10 of its 27 western Europe and North American plants to cheaper parts of the world.
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Dell Inc , said on Friday British retailer Tesco  will sell Dell personal computers in outlets across Europe.
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Plans to strip car makers of their exclusive right to sell spare parts such as bumpers, bonnets and headlights were outlined yesterday, as part of a drive to open up a â¬10bn market across Europe.
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Shares of Electrolux tumble after the world's largest maker of consumer electronics says that profit in the second half will be less than forecast.
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The Web search company plans to hire several thousand engineers in Europe to create a research and development team.
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Nissan is set to unveil its new Qashqai model which it plans to produce in the UK, creating hundreds of jobs.
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Insurer Royal and Sun Alliance became the latest high-profile British firm to announce a mass transfer of jobs to India, saying it plans to move 1,100 positions there by 2006, saving the group 10 million pounds annually (14.5 million euros, 18.0 million dollars).
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Number two global home appliance  maker Electrolux (ELUXb.ST) posted a surprise rise in  fourth-quarter profit on Wednesday as European demand offset a  U.S. slowdown, pushing its shares up by nearly a fifth.
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European share indexes opened steady  near 32-month highs on Tuesday, mirroring a flat performance  from U.S. blue chips overnight, but home appliance maker  Electrolux jumped as results topped forecasts.
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All public-sector purchasers of office equipment in Europe will in future be obliged to buy brands that carry theÂ Energy StarÂ logo, the environmental quality standard agreed on by the U.S. and the European Union, following a vote in the European Parliament Tuesday.
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Electrolux (ELUXb.ST), the world's  largest home appliances maker, reported earnings that undershot  expectations on Tuesday but stuck to its full year outlook.
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Electrolux  said on Thursday it had agreed to inject $35 million over five years into the pension fund of workers laid off by the world's second-biggest home appliances maker in the United States.
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Colgate-Palmolive Co., the consumer products giant behind brands like Ajax detergent and Irish Spring soap, plans to cut its worldwide work force by about 12 percent, or about 4,400 jobs, and close one-third of its factories as part of a four-year plan
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More round-the-clock centers to provide service and support for business customers are planned for Europe and Japan.
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(InfoWorld) - All public-sector purchasers of office equipment in Europe will in future be obliged to buy brands that carry theÂ Energy StarÂ logo, the environmental quality standard agreed on by the U.S. and the European Union, following a vote in the European Parliament Tuesday. "This regulation gives us the perfect opportunity to introduce a novelty: for the first time in E.U. history, common energy efficiency specifications for public procurement will apply to all member states and the European institutions," said Nikolaos Vakalis, the member of the European Parliament who led the debate. In addition to making the Energy Star logo obligatory for public procurements of equipment, the new law formalizes an agreement reached last December with the U.S. government to extend theÂ Energy Star planÂ for another five years, with higher energy efficiency requirements than those in place now. The European Commission initiated the Energy Star plan in 2001 but it took a long time to gain acceptance in the market. In 2003 the U.S. joined the plan and a database of companies that met the required standards was created. Since 2003 more firms have been striving to join the Energy Star plan and the energy efficiency requirements for various office tools including PCs, printers, and copiers, have been raised. Today the database includes 17 makers of laptops, 18 desktop manufacturers, 15 printer makers and four scanner manufacturers. The E.U. and U.S. agreement signed in December is expected to yield 30 terawatt-hours in electricity savings -- the approximate equivalent of the annual electricity demand in Hungary -- in the E.U. over the next three years.
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Ford Motor Co. is seeking buyers for its Volvo, Jaguar, and Land Rover brands in Europe as the money-losing automaker tries to focus on North America, two people familiar with the strategy said.
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General Motors GM.N is seriously   considering boosting car exports from Europe, including to its   key U.S. market, to help boost productivity at its European   sites, a senior GM executive said on Thursday.