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  • Moody's2 years ago

    Whirlpool Corporation -- Moody's confirms Whirlpool's ratings Baa2/Prime-2; outlook is stable

    New York, September 23, 2014-- Moody's Investors Service confirmed Whirlpool Corporation's ratings, including its Baa2 senior unsecured rating and its Prime-2 Commercial Paper rating. These actions conclude ...

  • Reuters2 years ago

    Indesit sees flat sales in 2014 as Q2 swings to net profit

    Italian white goods maker Indesit , which is being taken over by larger U.S. rival Whirlpool, said it expected revenues to be flat for the year after sales dropped 3.8 percent in the second quarter. Net profit for the period stood at 5.3 million euros ($7 million) against a loss of 21.2 million euros a year earlier. Indesit forecast an adjusted operating profit for the full-year equal to at least 3.5 percent of sales which in 2013 stood at 2.67 billion euros. Whirlpool, the world's largest maker of home appliances, has agreed to pay 758 million euros to buy a 60 percent stake in Indesit.

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