Whirlpool nears deal to sell Hoover vacuum: source
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Appliance maker Whirlpool Corp.   is nearing a deal to sell Hoover vacuum, the iconic  appliance brand it acquired as part of its $1.7 billion  purchase of Maytag last year, a source familiar with the matter  told Reuters on Friday.
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Whirlpool Corp , the world's  biggest appliance maker, reported higher fourth-quarter profit  on Tuesday as stronger international sales and savings from the  Maytag acquisition overshadowed lower U.S. demand.
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ORLANDO, Florida  - Whirlpool Corp.  is hoping that it will be able to expand its business with retailers such as Best Buy Co. , as it introduces new Maytag appliances, the company's North America president said on Friday.
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A nearly yearlong battle of claims between Interpublic Group and Frank Lowe appears to be heading toward a settlement that may be finalized as early as this week, said sources, who characterized the proposed deal as "a draw."
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Whirlpool Corp. , the world's largest appliance maker, reported a 13 percent drop in quarterly earnings on Wednesday, hurt by soft demand in the United States, and cut its profit forecast for the year, sending its shares down 3 percent.
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Clothing retailer American Apparel  Inc. is close to a deal to be bought by Endeavor Acquisition  Corp.  for $244 million, the Wall Street Journal  reported on its Web site on Monday.
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WR Grace &amp; Co. (GRA.N: Quote, Profile, Research) on Friday said it may be close to a deal with its biggest creditors on a plan to emerge from bankruptcy, driving
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Home Depot Inc. (NYSE: HD) said it will begin selling big appliances -- such as dishwashers, washers, dryers, refrigerators -- online.
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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 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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Whirlpool Corp , the world's largest appliance maker, reported a 50 percent rise in third-quarter profit on Tuesday as international demand and cost savings from the Maytag buyout helped offset lower U.S. sales.
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Whirlpool's stock is down today, but its future could be attractive.
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Appliance maker Whirlpool Corp. (WHR.N: Quote, Profile, Research) on Wednesday reported a 4 percent drop in third-quarter earnings and cut its profit forecast for the year, citing rising costs for steel and oil.
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An investment group is expected to  announce Monday that it has struck a deal to buy British water  utility AWG PLC  for about $4.12 billion, a source  familiar with the situation told Reuters on Sunday.
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Tishman Speyer Properties and Lehman Brothers Holdings Inc.  are close to a deal to acquire real estate investment trust Archstone-Smith Trust , according to the online edition of The Wall Street Journal.
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(InfoWorld) - Ingram Micro will distribute Google's Search Appliance and Google Mini enterprise search devices, a deal intended to accelerate sales of the products, the companies announced Wednesday. Google, which has sold about 9,000 of the devices to date, expects the distribution deal with Ingram to boost sales in particular among SMBs. Ingram, with its distribution network of more than 165,000 retailers and resellers worldwide, is also expected to help increase sales internationally as well as in the government and education sectors. "The only way to meet the growing demand for the products is to go through channels," said Rodrigo Vaca, channel marketing manager of the Google Enterprise unit. Vaca declined to provide details of the effect Google hopes the deal will have on sales. "We expect this to have a significant impact," he said. Google already has deals in place with regional distributors in Japan, Australia, and parts of Latin Americaand expects the Ingram relationship to be complementary to those arrangements, Vaca said. The Ingram deal will initially focus on the U.S. and will expand to other regions like Latin America, Europe, and Asia-Pacific later this year, he said. So far, Google has sold the products almost exclusively via its own direct sales staff in the U.S. and Europe. "Our strategy is to have our direct sales force work hand-in-hand with the channel," he said. As part of the agreement, Ingram will provide sales assistance, marketing resources, credit help, and technical support to the resellers that carry the Google products. The Ingram deal isn't exclusive, Vaca said. In a news release, Ingram, which distributes hundreds of thousands of IT products from about 1,400 suppliers, said the deal strengthens the menu of wares it can offer to its channel partners. The Search Appliance and Google Mini are server-side hardware devices loaded with Google's search engine software designed to let companies index and find information stored on corporate servers. Although Google generates most of its revenue from search engine advertising in the consumer market, company officials have said they are committed to its Enterprise unit, which, in addition to the search devices, also markets business software. The Google Mini, designed for SMBs or departments within large organizations, starts at $1,995 with a capacity to index 50,000 documents. It tops out at 300,000 documents. The Search Appliance, which is more powerful and has more features, starts at $30,000 with a 500,000-document capacity and tops out at 30 million documents. The Google products typically cost less than more sophisticated enterprise search products and are designed to be easier to install, manage, and use. However, analysts generally agree that the Google products don't match the feature set of high-end enterprise search products from companies like Autonomy and Fast Search & Transfer.
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Whirlpool Corp. , the world's largest appliance maker, on Wednesday reported a 13 percent drop in fourth-quarter net earnings as demand softened in the United States, and cut its profit outlook for this year.