Fox Business - The Power to Prosper
Search Site

Anti-Austerity Protests

Whirlpool profit surges as sales rebound, shares jump

Whirlpool Corp posted a stronger-than-expected jump in quarterly profit and raised its full-year outlook on Friday, citing sales gains in all of its markets, including Europe and North America.The results suggested U.S. and euro zone consumer confidence may be turning the corner after being battered by debt crises and austerity measures in Europe and a weak economic recovery and high unemployment in the United States.Whirlpool shares jumped 6.1 percent at $126.63 in early trading.Investors were searching for such signs of growth as China's economy continued to slow. Whirlpool, the world's largest appliance maker, and Swedish rival Electrolux AB have been anxious for signs of a rebound in mature markets. Sluggish sales there have forced them to rely more on still-growing markets and shift production from high-wage countries to lower-cost centers.Whirlpool reported second-quarter profit of $198 million, or $2.44 a share, up from $113 million, or $1.43 share, during the same period last y...

Read More

  1. Nestle Expects Volatility To Stay As Sales Fall Short

    Nestle SA (NESN.VX) Thursday said first-quarter sales rose a worse-than-expected 5.4% amid continued weak consumer confidence in Europe and slowing demand in the Ame...

  2. Slovenia will not be the next Cyprus: finance minister

    Slovenia will not be the next euro member to need a financial rescue as it can afford to wait for lower borrowing costs before issuing new debt, its top economic off...

  3. Analysis: Cyprus rescue raises new questions about euro's long-term survival

    The messy deal to bail out Cyprus has averted the latest threat to the break-up of the euro but at the cost of raising new questions about the single currency's long...

  4. S&P Warns of Socially Explosive Situation in Euro Zone

    Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing...

  5. S&P warns of socially explosive situation in euro zone

    Standard and Poor's sees a high risk that Spain, Italy, Portugal and France will not be able to carry through necessary reforms as the unemployed become less willing...

  6. Dow Jones record may boost spending by wealthy; others still wary

    About an hour after the Dow Jones industrial average hit a record high on Tuesday, Overland Park, Kansas-based financial adviser Brad Stratton got an e-mail from a c...

  7. Wal-Mart Profit Up 8.6% on Lower Taxes

    Wal-Mart Stores Inc.'s (WMT) fiscal fourth-quarter earnings rose 8.6% amid a lower tax rate, while same-store sales at U.S. Wal-Mart stores were at the low end of th...

  8. All Things D: Hacks Related to One Compromised Website

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  9. Greece needs growth to get out of crisis, France's Hollande says

    French President Francois Hollande used a visit to hard-hit Greece on Tuesday to press his pro-growth agenda, saying fiscal reform could not be achieved by austerity...

  10. Pernod Ricard Maintains 2013 Target Despite Weakness in Europe

    French alcoholic drinks company Pernod Ricard SA (RI.FR) Thursday confirmed its full-year profit target despite a challenging environment in Europe, as the group rep...

  11. Greek manufacturing slide enters 41st month in Jan: PMI

    Greek manufacturing remained in the grip of a deep slump for the 41st month running in January, with firms forced to shed yet more jobs as new orders fell at the ste...

  12. Analysis: No respite for euro zone in long rebalancing slog

    The euro zone crisis is entering a new, treacherous phase for governments, which can only cross their fingers that slow-burn reforms will pay off before voters get f...

  1. Portugal union calls strike against government austerity

    Portugal's largest labor union has called a general anti-government strike for June 27 to protest against public sector pay cuts, layoffs and other austerity measure...

  2. Analysis: Europe's austerity -to-growth shift largely semantic

    To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam ahead to revive econom...

  3. IMF: U.S. Cutting Budget Deficits Too Quickly

    The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's blunt...

  4. Europe's jobs crisis comes into sharper relief

    Europe's policymakers are starting to recognize chronic unemployment as a crisis in its own right, rather than something that will resolve itself when the economy im...

  5. EU Suggests More Time for Deficit Reduction

    European Union authorities Friday suggested government austerity policies should be relaxed in a number of countries because of grim economic conditions.The move is ...

  6. Carrefour Sells Majority Stake in Turkish Business to Local Partner

    French retailer Carrefour SA (CA.FR) announced Tuesday that Haci Omer Sabanci Holding AS (SAHOL.IS) is set to become majority shareholder in their Turkish joint vent...

  7. GE Executives: 2013 Economy Expected to Be Similar to 2012

    General Electric Co. (GE) executives said Wednesday that they expect the global economy this year to largely mirror 2012, with slow demand in developed markets but "...

‹ Prev12345Next ›
Freebase CC-BY
Source: Anti-Austerity Protests on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL