Electrolux Second-Quarter Profit Falls 82% on U.S. Slowdown, Steel Costs Jul 17, 2008
Electrolux Quarterly Net Falls 82% on Materials Costs (Update2) ... Electrolux cut it's outlook for full-year earnings for the second time this year, citing slumping demand in the U.S. and Europe, which together account for about 80 percent of sales ... Electrolux on April 28 predicted that full-year results would be ``slightly negative. (Bloomberg -- Europe)
Boy 'Just Loves' Vacuum Cleaners Jun 26, 2008
Brendan also owns an Electrolux, which is believed to be the same cleaner his grandmother once owned. Knowing that his grandson was developing an obsession with vacuums, Chris Collins did some research and discovered that another boy, 12-year-old Kyle Krichbaum, of Adrian, Mich. (The Pilot Newspaper)
Top 10 New Species Named Jun 18, 2008
Also on the list: an ornate sleeper ray from the east coast of South Africa that was named after the Electrolux vacuum cleaner brand due to the animal's ability to suck up prey in the water. While scientists discover thousands of species each year, with an estimated 16,969 species considered new to science in 2006, plenty of plants and animals are waiting to be found. (Yahoo News)
Business briefs Jun 5, 2008
Mr. Leon, along with Mr. Cook, joined the company in 1989 when it was a part of Electrolux. Mr. Leon will report to the Stockholm, Sweden-based company's CEO Bengt Andersson and will serve as a member of Husqvarna Group Management. (The Augusta Chronicle)
Toshiba sees the light Jun 5, 2008
GE has named China's Haier, South Korea's LG Electronics, Sweden's Electrolux, Mexico's Controladora Mabe and Turkey's Arcelik as potential bidders. GE has the brand. (Globe and Mail -- Technology)
Taking a byte of virtual life Jun 4, 2008
He declines to say which one might be next, but names as potential partners consumer electronics companies such as Philips, Electrolux and Sony, as well as brands such as Starbucks, Dunkin' Donuts, Pepsi, Coca-Cola and Borders books. The Sims 3 is set to be released next year, with new features like a town centre that has plenty of virtual storefronts - opportunities for advertising. (Sydney Morning Herald -- Technology)
Homeopathic sanitarium called Bloomington home in early 1900s Jun 1, 2008
The old Mennonite complex was then sold in the late 1990s, and today serves as headquarters for Electrolux Home Care North America ... Interestingly, the Kelso Sanitariums 1916 brick addition is still visible from Main Street, though its partially obscured by the trees behind the Electrolux sign ... The building in the foreground was razed to make way for Mennonite Hospital, but the brick addition to the right survives and is used today by Electrolux. (The Pantagraph newspaper)
* World Business Quick Take May 28, 2008
Electrolux to shift plants. Swedish home appliance maker Electrolux said yesterday it will close one of its refrigerator plants in Italy to boost competitiveness, citing the results of an internal review ... Electrolux said it planned to help find solutions to reduce negative impact on affected employees, noting possibilities like outplacement services. (Taipei Times, Taiwan -- World)
Electrolux to cut 750 jobs in Italy May 28, 2008
The Electrolux headquarters in Stockholm ... Electrolux, the largest appliance maker in Europe, said Tuesday that it planned to eliminate about 750 jobs as part of an overhaul of its Italian refrigerator operation that has been hurt by increased competition and narrower profit margins ... Electrolux, based in Stockholm, will close its factory in Scandicci, near Florence, to generate annual cost savings of 200 million kronor, or $34 million, starting in 2010, a company spokesman, Anders Edholm,... (International Herald Tribune -- Business)
GE says it will cut its water use 20% by 2012 May 28, 2008
Asked in Beijing whether China's Haier Electronics Group might also be a potential buyer, Immelt said, "Much still has to be decided in that area and whether LG or Haier or Electrolux or others participate remains to be seen.". In Seoul, Immelt said Haier and Mexico's Controladora Mabe, a unit of Controladora Comercial Mexicana, could make bids, and said interest has also come from Turkey. (USA Today -- Money)
GE names LG, others as contenders for appliance unit May 28, 2008
Immelt later flew to Beijing, where he mentioned another possible contender Sweden's Electrolux, the world's second-biggest home appliances maker. Whether LG or Haier or Electrolux or others participate remains to be seen, he said. (San Diego Union-Tribune -- Business)
Electrolux cuts jobs in Italy, closes plant May 27, 2008
STOCKHOLM, Sweden Swedish appliance maker Electrolux AB Tuesday said it will cut 750 jobs in Italy, or about 9 ... Electrolux employs 57,000 staff worldwide and 8,000 in Italy. (San Diego Union-Tribune -- Business)
Perth company beats US goliath military contractor in trademark case May 26, 2008
Electrolux is launching Ultra Silencer Green. With 55% of the cleaner's body plastic made from recycled materials, the new Ultra Silencer is only available in black. (Current.com.au)
Appliance maker Husqvarna appoints Magnus Yngen from Electrolux as new CEO May 26, 2008
He comes from the position as executive vice president and head of Major Appliances Europe at appliance maker Electrolux. He has held several leading positions in Electrolux since he joined the group in 1995 and has been a member of group management since 2002 ... Electrolux said it has started searching for a replacement for Yngen. (International Herald Tribune -- Arts)
Scientists Announce Top 10 New Species; Issue SOS May 24, 2008
On the list are an ornate sleeper ray, with a name that sucks: Electrolux; a 75-million-year-old giant duck-billed dinosaur; a shocking pink millipede; a rare, off-the-shelf frog; one of the most venomous snakes in the world; a fruit bat; a mushroom; a jellyfish named after its victim; a life-imitates-art "Dim" rhinoceros beetle; and the "Michelin Man" plant ... Among the top 10 picks is an ornate sleeper ray -- Electrolux addisoni -- whose name reflects "the vigorous sucking action displayed on... (PR Newswire)
Toss your fridge, save money May 23, 2008
Available in stainless steel, black, and white, a side-by-side refrigerator from Electrolux features Wave-Touch Electronic Controls, which light up at a slight touch and fade away after a choice is made for an uncluttered display. Other highlights include a 9-inch-tall water and ice dispenser and an alarm system that activates if there is a power failure, the door is left ajar, or the internal temperature rises above 56 degrees for 20 minutes. (CNN -- Tech)
Lowe's offers military discount for Memorial Day May 23, 2008
Certain items, including gift cards, John Deere products and Electrolux kitchen appliances, are excluded. Mooresville-based Lowe's (NYSE:LOW) operates more than 1,550 home-improvement stores in the United States and Canada. (Charlotte Business Journal, NC)
Kenmore wall ovens recalled May 21, 2008
The ovens are made by Frigidaire Canada, a sister company of Electrolux Home Products Inc. and sold at Sears, Sears Hardware, Kmart and Great Indoors stores between September 2004 and October 2007 for $760 to $1,150. Electrolux has received 16 reports of incidents involving gas buildup, including flames escaping from the oven door, burns to the hands and face and singed hair ... The U.S. Consumer Product Safety Commission announced the voluntary recall in cooperation with Electrolux. (Crain's Chicago Business)
Games consoles 'not green enough' May 20, 2008
A spokesman for Sony said the firm had joined with other companies, Braun, HP and Electrolux, to establish the European Recycling Platform. The consoles were dismantled at Greenpeace Research Labs at Exeter University. (BBC News -- Technology)
GE looking to sell appliance division May 15, 2008
Wall Street bankers are rushing to lay claim to potential bidders, and the expected suitors include Haier of China, which bid on Maytag two years ago; LG Electronics and Samsung, both of South Korea; Bosch of Germany; Electrolux of Sweden, which makes Sears's Kenmore line of appliances; and Controladora Mabe, a GE partner based in Mexico. The sale would mark the end of a brand of household products that made General Electric a fixture in American homes over the last century. (International Herald Tribune)
Old-fashion charm with modern touch May 11, 2008
Appliances include an Electrolux refrigerator, Bertazzoni professional-style range, and a Fisher & Paykel double-drawer dishwasher. The 25-by-25-foot living/dining room occupies the rest of the first level. (Boston Globe)
Efficiency a concern in buying cooktop May 2, 2008
Your Connection to the. Web Search powered by YAHOO. (Athens Banner-Herald)
Consumer appliance cos plan 10% price hike Apr 23, 2008
While Godrej Appliances has upped rates by 2-3% on select models, Electrolux India and LG Electronics plan to raise prices of refrigerators and air-conditioners by 5 ... Electrolux India marketing GM Madhav Nene said, "This will be our first price hike of the year. Details of the same are being finalised.". (India Times, India -- Intl Business)
Can a $9,000 Birkin bag get you special treatment? Apr 22, 2008
Celeb chat: At a news conference to introduce Kelly Ripa as brand ambassador for Electrolux appliances, she passed by me and said, "Nice handbag." When we later sat down for an interview, she mentioned the purse. She's Birkin-less and said she was waiting for a very special occasion. (USA Today -- Life)
The best carpet cleaning companies in town Apr 19, 2008
Electrolux Intensity: $299; 1-800-896-9756. Dyson Slim: $470; 1-866-693-9766. (Atlanta Journal-Constitution -- Living)
Fisher & Paykel Appliances to relocate three plants Apr 17, 2008
The company is a niche player catering to the top end of the market, as opposed to mass-market rivals like Maytag, Electrolux and LG Electronics. . (International Herald Tribune -- Business)
Kitchen could benefit from new prep area Apr 17, 2008
There is a midprice refrigerator-only unit by Electrolux that is 32 inches by 66 inches by 24 inches deep (if needed, they can provide a trim kit that will make it look like the more expensive brand). Also, Perlick and Marvel make some very nice freezer drawers. (San Francisco Chronicle)
For bargain-basement America, foreign investment no panacea Apr 7, 2008
The company, Electrolux, sent production to Mexico, eliminating 2,700 jobs from a town of 8,000 people. "Everybody talks about Electrolux around here the way the rest of the country talks about Katrina," said Becky Gebhart, manager of a nonprofit medical clinic that opened last November in Greenville, 30 miles northeast of Grand Rapids, that serves people with little or no health insurance ... Governor Jennifer Granholm, a Democrat, was bitterly disappointed by Electrolux's decision to abandon... (International Herald Tribune)
Electrolux to explore new markets Mar 26, 2008
KEEPING COOL: Electrolux CEO, Anirudh Dhoot, launching the new deo fresh and frost free deo fresh series refrigerators in New Delhi on Tuesday. NEW DELHI: The home appliances division of Videocon Industries, Electrolux, on Tuesday unfolded its plan to export refrigerators to West Asia, Africa and SAARC nations ... In 2008-09, Electrolux expects to clock a turnover of Rs. (Hindu)
Gehl hires IT executive Mar 26, 2008
In addition to his most recent post with Electrolux, Delaporte previously held a number of positions with , , and. He holds a bachelor's degree from and a masters of communication systems from. (Milwaukee Business Journal, WI)
Electrolux temporarily laying off 117 employees in St. Cloud Mar 25, 2008
Electrolux said Monday it's temporarily laying off 117 employees at its St. Cloud freezer plant, effective Friday. Company spokeswoman Blythe Reiss said the seasonal layoffs are a normal part of the Electrolux business as demand for products declines in the winter ... Swedish-based Electrolux AB is one of the world's top household appliance makers. (Brainerd Daily Dispatch)
Bay Appliance owners' goal is a fun work environment Mar 21, 2008
The World Link: Bay Appliance owners' goal is a fun work environment. Bay Appliance owners' goal is a fun work environment. (Coos Bay-North Bend The World, OR)
'Drunkorexia' snares more young Australians Mar 19, 2008
" 9 NEWSWATCH News Mobile Enter your mobile no. to get a free link Most read articles 1. 2. 3. 4. 5. 6. 7. 8. 9. IN FOCUS Download the podcast and watch National Nine News on the way home. Bindi Irwin's hectic workload continues to grow since her father's death. VIDEO: Has Harrison Ford finally proposed to Calista Flockhart? VIDEO: Sunrise hosts challenged live on air for alleged bingo rort. PHOTOS: A look at the world's most costly divorce settlements. A new and improved mule-like robot refuses... (Ninemsn)
More Neat Gizmos And Gadgets For The Home Mar 18, 2008
ELECTROLUX ERGORAPIDO VACUUM ... Faster and more powerful than a broom, Electrolux' 12-volt Ergorapido cleans bare floors and low-pile carpets. (CBS News -- Early Show)
Popular dishwashers 'can burn down houses' Mar 18, 2008
Fair Trading Minister Linda Burney says Electrolux, Electrolux Dishlex and Westinghouse dishwashers sold since April last year have a fault that can cause plastic components to melt ... "Electrolux is taking this extremely seriously and this is an unprecedented third recall," she said. (ABC Online)
ON THE MOVE: Telecom Italia chief to investors: 'Don't expect fireworks' Mar 15, 2008
Telecom Italia chief to investors: 'Don't expect fireworks' - International Herald Tribune. Telecom Italia chief to investors: 'Don't expect fireworks. (International Herald Tribune -- Business)
Dishwasher safety checks appeal Mar 15, 2008
Electrolux manufactures products sold in 150 countries. Electrolux is sending out engineers to check up to 7,000 customers' dishwashers owing to a fire risk ... The safety notice, described as a "dishwasher market intervention" by the company, affects certain models of Electrolux, AEG-Electrolux and Zanussi-Electrolux products. (BBC News -- Business)
Japanese opposition voices doubts about ruling party central bank nominee Mar 9, 2008
Electrolux unveils what it claims is the greenest vacuum cleaner yet. Ever wondered what a random and totally unexpected event with massive implications might be called. (International Herald Tribune)
SPOTLIGHT:Christian Noyer, Bank of France chief Mar 8, 2008
Christian Noyer said he is "very proud" of how the Soci. rale debacle was handled. (International Herald Tribune -- Business)
The vacuum repair guy: an endangered species Mar 4, 2008
It might not be as dramatic as my friend Lisa Foote's, whose family ferret was successfully removed from an Electrolux attachment by emergency greasing ... "I'm gonna be up the creek," clucks a woman with a German accent, coddling an ancient Electrolux bearing an array of Huling's repair stickers evidence of a decades-long relationship. (Christian Science Monitor -- USA)
United Way donations top $4 million Feb 27, 2008
It gave the first ever the Spirit of Community Award to Electrolux, according to a news release. Reader Comments Note: Comments are not edited and don't represent the views of The Augusta Chronicle. (The Augusta Chronicle)
Scaled-down modulars can be just as inspiring Feb 23, 2008
The wet bar in Nationwide Custom Home's "Palazzo" modular home includes the latest Electrolux Icon appliances, an undercounter ice maker, a built-in convection microwave oven and a 160-bottle wine cooler. ORLANDO, Fla. (Pittsburgh Post-Gazette, PA)
Five finalists Feb 11, 2008
What: Electrolux Save'N Pay Bank. Offer them cash and they'll sing like canaries. (The Palm Beach Post)
Editorial: He’ll cost you Feb 10, 2008
laurie40 wrote on Feb 8, 2008 8:13 AM:" Wow, I thought a newspaper would be more informed. Since they are building a terminal and pipeline to supposedly cover a PROPOSED increase in consumption of less than 2%, I say consumers should just put on a sweater and turn down that thermostat. Those Californians that will reap the benefit of all of this should just turn down those Electrolux gas ranges for 5 minutes a day and I think they could generate a surplus of gas. We cannot as a nation go on... (Albany Democrat-Herald, OR)
Huckleberry to run for 70th State House seat Feb 8, 2008
When Greenville manufacturer Electrolux threatened to move to Mexico in 2003 and take with it some 2,800 local jobs Huckleberry launched a campaign outlining the future consequences Electrolux's relocation could have on Montcalm County. Electrolux ultimately left the county and the country in 2003, a move that significantly impacted Montcalm County and triggered Huckleberry's political aspirations, inspiring him to use his outspokenness for the benefit of others. (Ionia Sentinel-Standard, MI)
Electrolux Risks Losing Leadership in European Market to Bosch Siemens Feb 6, 2008
Electrolux Profit Falls, Steel Costs Squeeze Margins (Update1) ... Feb. 6 (Bloomberg) -- Electrolux AB, Europe's largest appliance maker, said fourth-quarter profit fell 22 percent as costs for steel and other materials squeezed margins ... 05 kronor, a year earlier, Stockholm-based Electrolux said today in a statement. (Bloomberg -- Germany)
Electrolux Profit Proves Future Is Dim for Europe's No. 1 Appliance Maker Feb 6, 2008
Electrolux's Latest Profit Proves Future Is Dimming (Update1) ... Feb. 6 (Bloomberg) -- Electrolux AB, Europe's largest appliance maker, is about to be overtaken by Bosch Siemens Hausgeraete GmbH as Chief Executive Officer Hans Straaberg fights high manufacturing costs and inexpensive imports ... When they started this program to move the plants, they had margins below the industry average, and they still have margins below the industry average,'' said Olof Cederholm, a Stockholm-based analyst... (Bloomberg)
Electrolux Advances After Fourth-Quarter Profit Rises 22%, Beats Estimates Feb 6, 2008
Electrolux Gains After Fourth-Quarter Profit Beats Estimates ... Feb. 6 (Bloomberg) -- Electrolux AB, Europe's largest appliance maker, gained in Stockholm trading after fourth-quarter profit beat analyst estimates ... Electrolux has shifted about one-half of its production to lower-wage countries to counter higher raw-material costs. (Bloomberg -- Europe)
Stocks Drop in Europe, Asia; Volvo, Nintendo, BHP Billiton, Conergy Fall Feb 6, 2008
Electrolux AB gained 5. 3 percent to 104. (Bloomberg -- Europe)
Weather-related cancellations list Feb 1, 2008
- Electrolux will open at 10 a.m.. - Gold's Gym morning classes canceled. (The Pantagraph newspaper)
Granholm: Creating opportunity in a changing world diversifying our economy, educating our people Jan 30, 2008
John worked in manufacturing for 31 years, most recently at Electrolux in Greenville. When Electrolux closed its doors and moved the jobs to Mexico, John and Andrea didn't know how they'd afford raising six kids with two in college. (Gaylord Herald Times, MI)
European Index Futures Little Changed; Allianz, Credit Suisse May Decline Jan 18, 2008
Electrolux AB may fall. Citigroup Inc. lowered its share- price estimate for the world's second-largest appliance maker to 100 kronor from 130. (Bloomberg -- Germany)
Maharaja to launch IPO in 2009 Jan 13, 2008
In fact, Mr Kumar is an erstwhile promoter of Electrolux Kelvinator. Market. (India Times)
Anger over closure of Electrolux factory Dec 15, 2007
Five hundred workers at an Electrolux oven factory in County Durham will lose their jobs next year when the Swedish firm shifts production to Swidnica in Poland. Electrolux announced this morning it had decided to close its Spennymoor factory, which makes cookers, following a review ... "We looked at a whole range of potential scenarios to make the factory profitable, but came to the conclusion that the only option was to close it," said Anders Edholm, head of media relations for Electrolux. (Guardian Unlimited)
Electrolux to move UK factory to Poland Dec 14, 2007
Electrolux , the world's biggest home appliances maker, said on Friday it would close an oven factory in Britain that employs some 500 staff, incurring costs of 390 million Swedish crowns (29 ... Electrolux said it would take a charge for the cost in the fourth quarter of this year ... Electrolux said plans to move some of the production from the plant, in Spennymoor, to Poland. (International Herald Tribune)
Electrolux to add $35 mln to pension fund: report Dec 13, 2007
STOCKHOLM (Reuters) - Electrolux has agreed to inject $35 million into the pension fund of workers laid off by the world's second-biggest home appliances maker in the United States, a newspaper reported on Thursday ... The paper said that the agreement, which comes after Electrolux shut down its Greenville, Michigan, plant last year, would be announced by the U.S. Pension Benefit Guaranty Corporation on Thursday ... An Electrolux spokesman declined to comment. (ABC News -- Wire)
We would be fools to banish global business from the great climate battle Dec 5, 2007
Electrolux is testing a new approach to laundry in Sweden, renting, rather than selling, washing machines to customers - thereby giving the company an incentive to prolong each machine's life. Clare Brass, who has just launched the Seed Foundation for "social environmental enterprise + design", wants to change "the way we make contact with the energy infrastructure". (Guardian Unlimited)
Faulty Electrolux Dishwashers Sold Since April Dec 3, 2007
Approximately 20,000 Electrolux dishwashers have been recalled due to fears they may ignite following a handful of customers reports of smouldering units. Two Electrolux models - EX401ISB and ESL6163 along with two Electrolux Dishlex models - DX303SK and DX303WK and six Westinghouse models - SB908WK, SB908SK, SB916WK, SB916SK, SB926WK and SB926SK are included in the recall ... According to an Electrolux spokesperson, about a handful of Australian customers had experienced... (Smart House)
Investing: Europe reaps benefits of emerging-market growth Nov 17, 2007
For more domestic pursuits, there is Reckitt Benckiser, which provides basic household products, and the appliance manufacturer Electrolux. All of that development in the emerging world requires a lot of power. (International Herald Tribune -- Money Report)
Backers plan private/public partnership in Old Greenwich Nov 17, 2007
Built in 1950 by the Electrolux Corp. as a recreation center for its employees, the 32,000-square foot building was bought by the town in 1966 for $432,000 during the administration of then First Selectman Lowell Weicker Jr.. Located near wetlands on Harding Road, the facility has been in a state of decline, from occasional leaks in its gymnasium roof to flooded athletic fields. (Greenwich Time)
Whirlpool Rises Above U.S. Housing Morass Nov 13, 2007
Electrolux AB, the Stockholm, Sweden-based company, whose brands include Frigidaire refrigerators and Eureka vacuum cleaners, has seen its stock dragged down recently, although it was up 28% at the close on Monday. During the quarter, Whirlpool repurchased $150 million of common stock, bringing its year-to-date total to $251 million. (Forbes -- Markets)
13 comments Nov 12, 2007
companies like Braun, Rowenta, Electrolux, anything Swiss, and many smaller companies are quite fine with staying small and have historically had no need to conquer entire markets and get their products into Walmart. Nor do these companies produce disposable goods. (Human Events Online)
Area veterans pledge to continue to halt anti-gay protesters Nov 2, 2007
Among non-war protests conducted by the group was a 2004 walk outside the Electrolux office in Bloomington. Electrolux is Swedish-owned, and the government of Sweden jailed a man for anti-gay activity. (The Pantagraph newspaper)
European Stocks Climb on Earnings; France Telecom, STMicroelectronics Gain Oct 27, 2007
Electrolux tumbled 13 percent, the steepest loss in the Stoxx 600 this week. The world's second-largest maker of household appliances said lower U.S. demand and higher steel and plastic costs may hurt earnings growth this year. (Bloomberg -- Europe)
Whirlpool 3Q profits rise 50 percent, but sales hurt by U.S. market Oct 25, 2007
Shares of Electrolux AB dropped more than 8 percent Monday after the Stockholm, Sweden-based company, whose brands include Frigidaire refrigerators and Eureka vacuum cleaners, warned that the weakening U.S. market, along with cost overruns in Europe, raised uncertainty about its full-year outlook. Meanwhile, the international economic environment remained favorable and Whirlpool's international businesses continued to deliver record financial results, Fettig said. (San Diego Union-Tribune -- Business)
