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Walmart Revenue Increase is Pleasant Surprise, Outlook Upbeat

Shares of Walmart Stores increased sharply as the giant in retail posted profit that top Wall Street expectations and announced a strong move up in revenue. Walmart Stores on Thursday posted a surprise growth in revenue during its first quarter and offered an outlook that was upbeat for its second quarter, which underscored the strong grocery business of the company that could help to shield it somewhat from the troubled retail environment. Walmart shares were up 9.2% in trading before the bell on Thursday and have increased by 3% in 2016 as of... 
 

Banana Republic and Old Navy Weigh Down Gap

Gap has reported another drop in sales for the fifth consecutive quarter because of weak demand for its Old Navy and Banana Republic brands the clothing retailer is having problems wooing back its former shoppers that were lost to the fast fashion retailers. Shares of Gap were down 12% in Monday extended trading as the business also estimated that its profit for the first quarter would be below market estimates. Gap has been struggling the last few quarters due to a number of fashion misses that turned off its shoppers amidst the greater competition... 
 

GNC Might Look for Buyer

GNC Holdings, the health-supplement and vitamins chain that has more than 9,000 stores might be trying to sell itself. GNC announced that it hired Goldman Sachs as well as a law firm to advise it on financial and strategic alternatives, according to a company statement released late Monday. The review is to look at the current plan of the company, along with other strategies like optimizing capital structures, possible partnerships or a possible sale. GNC has an enterprise value of approximately $3.1 billion shows data from S&P’s Capital IQ. This... 
 

Profit at Fiat Chrysler Soars on North American Performance

On Tuesday, Fiat Chrysler Automobiles NV announced that its net profit for the first quarter was 478 million euros or $539 million as consumers in North America snapped up the higher priced SUVs as well as pickups from the automaker. The latest results suggest that Sergio Marchionne the CEO has his plan of turning the market in the U.S. into a profit machine of big vehicles paying off. Marchionne already has curtailed certain production of cars in favor of producing more SUVs from Jeep. The adjusted operating profit from North America was more than... 
 

Fakes Industry Worth More Than $460 Billion

The majority of consumers might think of Louis Vuitton knockoff bags when thinking of counterfeit goods. However, the problem of fake goods reaches well beyond just those of luxury handbags. The phony products trade is one that is growing and has now reached to over $460 billion or higher than the combined gross domestic product of Ireland and the Czech Republic, says a just released report by the Organization for Economic Cooperation and Development. When the group last reported on the industry of counterfeit trade back in 2008, the think tank,... 
 

Unilever Growth is Elusive, Sales Meet Expectations

Unilever posted sales growth for the first quarter in line with expectations as the maker of consumer goods battled lower prices and dwindling demand for certain products around the world. Underlying sales were up 4.7%, said Unilever on Thursday, compared to an estimate by analysts of 4.6%. Growth slowed down from the fourth quarter of 4.9%, as the Axe body spray and Dove soap maker struggled with less volumes and today’s deflationary environment that made it difficult to increase products. CFO Graeme Pitkethly while on a phone conference said... 
 

Investment by Bill Gates Gives Sears a Needed Boost

Sears the struggling retailer that was at one time was one of the biggest in America, has for a number of years enjoyed the strong financial backing of its billionaire CEO and chairman Edward Lampert, whose company ESL Investments is the largest shareholder. Now, a billionaire that is even bigger has invested with the retailer – Bill Gates. The company, based in Illinois, announced on Friday that it received a loan facility of $500 million that was secured, of which the first $250 million would be given equally by affiliates of Lampert’s ESL... 
 

Ivanka Trump Has Scarves Recalled Due to Risk of Burning

Donald Trump has a new connection with China that could be considered quite embarrassing. Close to 20,000 scarves that were manufactured in China for the fashion line of Ivanka Trump, Donald’s daughter, have been recalled due to posing a burn risk said the Consumer Product Safety Commission in the U.S. Consumers should stop using the scarves made of rayon immediately, said the agency. The scarves recalled have two styles. Customers are requested to return the scarves to the place they were purchased for a complete refund, advised the CPSC. Although... 
 

Amazon: Female Workers Receive Pay Equal to Male Workers

Amazon.com under pressure from one of its activist shareholders to disclose policies on gender pay and its equality, said this week that its female employees earn as much as male counterparts, according to one survey it conducted recently. The disclosure came as companies in the U.S. face criticism on the pay equality issue especially in the technology sector that is highly male dominated. The online retail giant based in Seattle disclosed results of its own study after receiving pressure from activist shareholder Arjuna Capital, which is owned... 
 

Tiffany’s Profit Exceeds Expectations on Drop in Costs

Tiffany & Co, the upscale jeweler posted a profit that was better than had been expected for its holiday quarter. The jeweler was boosted by increased prices and a benefit from lower costs of gold, silver and diamonds. Stock in the jeweler, which became well known in 1961 thanks to the classic Hollywood film Breakfast at Tiffany’s, was up by 4% in Friday afternoon trading. A weakness across the global economy along with a strong U.S. dollar has hurt Tiffany as well as other luxury retailers like Neiman Marcus, Macy’s and Nordstrom as tourists... 
 

Exports from China Contract 20% Causing Worries over Slow Growth

Last month exports from China shrank sharply deepening the worries over a slowing growth in the second largest economy in the world. February exports contracted by 20.6% from the same period last year to just over 821.7 billion yuan equal to $126 billion, showed data from the General Administration of Customs. That is a far steeper fall than the contraction of 6.6% for January. The economy in China is now registering the slowest pace of growth over the past 25 years following decades of expansion at breakneck rates. Investors have become worried... 
 

Tour by Tesla of Meet Model X Begins

During the earnings call for Tesla Motors the electric carmaker earlier this month, the company announced it was doing whatever it could to heighten the demand for its launch in September of Model X SUV. With orders coming in for the latest vehicle that are higher by 75% in one year, without the company showing the vehicle in its stores, or marketing it on the Internet, there is no reason to have the actual vehicle until the production phase begins. Its deposit-backed 35,000 orders for the SUV were significant already, considering Tesla just delivered... 
 

U.S. is Now Top Trade Partner with Germany by Passing France

Last year, the United States become the No. 1 destination for exports from Germany, overtaking France who had been No. 1 since 1961. The U.S. economy made an upturn along with the weaker euro helped the U.S. become the biggest trading partner with Germany showed data from Germany. Exports into the U.S. rose 19% to more than 114 billion euros equal to $127 billion during 2015, in comparison to purchases by France increasing by 2.5% for a total of 1.3 billon euros. It was only the first time in over 50 years that France was not the biggest trading... 
 

Google Express Makes Debut of Grocery Deliveries

Google is amidst the launching of yet another service that will deliver fresh groceries in two cities in the U.S., which will only intensify the competition with Amazon.com the retail giant online and other start-ups in the tech industry like Instacart. This new service offered by Google Express will offer delivery on the same day of dairy, frozen foods, vegetables, fruit, meat and seafood. It has launched in select Los Angeles and San Francisco neighborhoods, said the Internet search giant. If the program’s pilot is successful, Google Express... 
 

Dunkin Donuts Posts Drop in Same Store Sales in U.S.

Dunkin’ Brands Group Inc has reported a sales drop at its established Dunkin’ Donuts restaurants in the U.S. as its price increases and an intensified competition lowered the number of customer visits. The company, which owns the chain of ice cream stores Baskin-Robbins, said during October that franchisees increased prices 3% to help offset an impact of minimum wages being increased for workers. The all-day breakfast launch by McDonald’s during October and a number of offers for a limit time by rivals like Burger King and Wendy’s may have... 
 

Proctor & Gamble Sees Profit and Sales Rise

On Tuesday, Proctor & Gamble reported earnings that were better than had been expected for its quarter ending in December, as an increase in pricing helped return the giant in consumer products to growth in core sales. The maker of Bounty paper towels and Pantene shampoo has been struggling for years to ratchet up sales growth and has been underperforming its nimbler, smaller rivals that have grown sales organically across the U.S. as well as abroad. However, P&G executives predicted sales growth would return for the latest three-month period. David... 
 

Lululemon Raises Guidance Thanks to Strong Sales

Lululemon Athletic helped investors to find a bit of Zen Monday when the maker of yoga wear raised its forecast for sales and profit for its fourth quarter after enjoying a blockbuster period during the holiday season. The company has fought to keep its market shares from numerous competitors such as Athleta by Gap to Kohl’s that are entering the craze of athleisure, which spooked some investors in December when it reported a quarterly profit that was lower than had been expected as its bloated inventories and expenses from international expansion... 
 

Death Toll of Dairy Cows to Pass 30,000 in New Mexico and Texas

New Mexico and Texas diary producers have estimated that the death toll amongst cows during the winter storm that just passed named Goliath will surpass 30,000. The winds are thought to be the cause of death of many of the animals. It created large drifts of snow that in some areas was 14 feet high and pushed the animals into the corners of fences where they then suffocated. As the storm Goliath was ending over the area of the southern Plains, there were strong winds associated with the storm. The snow and the winds became sufficiently strong to... 
 

Port of Los Angeles Introduces New Era of Megaships

On Saturday, the CMA CGM Benjamin Franklin arrived at the Port of Los Angeles. The massive blue ship is 1,300 feet in length, 177 feet in width and 197 feet in height. The ship is able to carry up to an equivalent of 18,000 of the twenty-foot containers or TEUs that are the standard volume containers. This is the largest ever container ship that has docked at a port in North America. Its length is longer than the height of the Empire State Building, wider than a standard football field and its height is equal to a 20-story building. The size, combined... 
 

Starbucks Predicting Gift Cards to Be Huge Hit for Holidays

Starbucks is expecting a great deal of business from shoppers who wait until the last minute on Christmas Eve. The coffeehouse chain is predicting sales in record numbers of its gift cards on December 24, likely topping the North American sales of 2.5 million made on Christmas Eve last year, said the company in a press release. Starbucks said that since it started the program back in 2000, customers across the United States and Canada have loaded more than $25 billion onto gift cards, of which $5 billion was just in this past fiscal year, and $1.6... 
 

Corning Expanding Use Of Gorilla Glass (NYSE:GLW)

Corning Inc.’s Gorilla Glass, commonly used for the screens on mobile phones, is having its use expanded by the company. The thin, lightweight glass could soon be used on cars across the nation. Car makers are interested in using an automotive version of Gorilla Glass to reduce the weight of their vehicles and improve fuel economy. Gorilla Glass has been used by the consumer electronics industry since 2007. Corning says that the new automotive grade Gorilla Glass meets U.S. safety standards and has been tested by automakers on rough roads... 
 

Newell Rubbermaid To Acquire Jarden In $15.4B Deal (NYSE:NWL)

Newell Rubbermaid has announced its intentions to purchase consumer products company Jarden for $15.4 billion in a cash and stock deal. The merger of Newell Rubbermaid and Jarden would create a consumer products juggernaut that would make about $16 billion in annual sales. The two companies said the transaction could amount to $500 million in annualized cost savings and would immediately increase growth. The combined company will be known as Newell Brands. Under the terms of the deal, Jarden shareholders will receive $21 in cash and 00.862 a share... 
 

Volkswagen CO2 Emissions Affect Fewer Vehicles Than Was Feared

The number of Volkswagen vehicles whose carbon emissions were understated is far less than first feared said the German automaker on Wednesday. This provided some relief for VW as it continues battling a wider scandal of diesel emissions that affects some 11 million vehicles globally. Volkswagen has announced that only approximately 36,000 vehicles are affected, which is far fewer than the original estimate of 800,000 for which the automaker said in November it had made an error by understating the emission of CO2 and at the same time fuel usage. Volkswagen... 
 

Kellogg Branching Out From Cereal Business (NYSE:K)

Kellogg is branching out in the ever-expanding breakfast market, focusing on new products to attract more customers. The move comes in the midst of continual sales declines of its cereal products. Instead of trying to convince customers to return to cereal, it is reimagining cereal as an ingredient in other dishes. Kellogg is currently the world’s largest cereal company. To further this effort, Kellogg is teaming up with well-known chefs and culinary figures for its ‘Stir It Up’ campaign, launching next week. These chefs have been tasked with... 
 

Loss Narrows at Big Lots, Profit Outlook Lifted

Big Lots Inc announced that its loss had narrowed during the third quarter, as there was modest growth in revenue. The company raised its lower end of guidance for 2015. The company, based in Ohio, buys a broad range of discounted merchandise through liquidations, packaging changes and production overruns and sells the merchandise at significant discounts that are lower than traditional discount retailers. For its current year, the company forecast its earnings to be between $2.95 and $3.00 per share in comparison to a guidance previously of between... 
 

Nissan and Toyota Gain U.S. Market Share in Strong Month

Automakers took advantage of early deal making for the holidays to keep sales in the U.S. on a run that was unprecedented during November, helped by an economy that strengthened and inexpensive prices of gas at the pumps that whetted the appetite of buyers for trucks and SUVs. Sales across the industry exceeded the 18 million rate for the third consecutive month, which set a new record. This helped to make 2015 one of the best years in history for automakers. Toyota Motor and Nissan Motor beat estimates by Wall Street analysts with increases between... 
 

Blackberry Will Leave Pakistan As It Rejects Demands for Monitoring

Blackberry confirmed that it was leaving Pakistan in response to the government’s demands to monitor the user data on the company’s service. Last July, the PTA or Pakistan Telecommunications Authority said it would shutdown the Blackberry Enterprise Services or BES on December 1 due to reasons of security. The issue is believed to be centered on the encryption Blackberry uses in emails, messages from BBM and other types of data from users, which prevented the Pakistani authorities from accessing the information that they have called necessary... 
 

Unilever Turns Focus To Renewable Energy (NYSE:UL)

Unilever has announced a pledge to switch to using only renewable energy by 2030. The consumer goods maker also said that it would stop using energy from coal by 2020. The company aims to have renewables meet 50 percent of its energy needs by 2020 and is aiming for 100 percent by 2030. In 2014, 28 percent of its energy came from renewable energy sources. Unilever says it is eager to make the switch to be completely powered by renewable energy. The company said it will seek to support renewable energy generation and will make any surplus available... 
 

Abercrombie & Fitch Report Higher Profit for Third Quarter

Abercrombie & Fitch showed more progress during the third quarter in efforts to revamp its brand while weaning its customers from its heavy discounts. It helped the teen focused retailer to post a higher profit for the quarter. Profit was $42.3 million for the three-month period ending October 31, which was more than double from last year during the same period of $18.2 million. Sales were down by 4% to just over $878.5 billion. However, they were flat excluding the fluctuations for currency. Sales that excluded the newly closed or opened stores... 
 

Amazon Starts Its Deals for Black Friday This Week

Black Friday at Amazon starts this week with eight consecutive days of deals. The online behemoth announced on Wednesday that it would start offering its deals for Black Friday this Friday November 20 and have deals continuing throughout Black Friday, which starts on the 27th. Similar to the Prime Day event of Amazon in July, the company says its new deals will be added every five minutes. Starting at midnight on Thanksgiving, the company is going to offer ten of its Deals for the Day with as many as ten more Deals of the Day appearing on Black... 
 

Constellation Brands Acquiring Craft Brewer for $1 Billion

Constellation Brands placed a $1 billion bet on the rapidly expanding craft beer market on Monday announcing that it reached an agreement to purchase Ballast Point Brewing and Spirits based in San Diego for a price of $1 billion. Founded in 1996, by a group of home craft brewers, Ballast Point was the No. 31 largest U.S. craft brewer back in 201. It makes over 40 types of beer, including Grapefruit Sculpin IPA and Sculpin IPS. The purchase will allow Constellation to compete in the craft beer arena that is quickly expanding. As the mainstream U.S.... 
 

Nordstrom Earnings Disappoint In 3Q (NYSE:JWN)

Seattle based retailer Nordstrom Inc. announced disappointing results for the third quarter of its fiscal year. For the third quarter, Nordstrom reported earnings per share of $0.42. This was lower than the predictions of Wall Street analysts, who estimated earnings of $0.72 a share. After the earning announcement, shares of the company fell over 17 percent to $52 per share. The company subsequently cut its profit and sales forecast for the year. Nordstrom lowered its 2015 fiscal year earnings guidance from the previous outlook of $3.70 to $3.80... 
 

Alibaba Smashes Sales Record for Singles Day

It took just half the time for Jack Ma this year to sell what was sold last year with his online sites. Transactions through the Alibaba Group Holding during the once a year Singles Day shopping event surpassed 57.2 billion yuan or $9 billion prior to midday which eclipsed the record set last year with over 12 hours remaining in the event. At 9:30 Beijing time, the total has reached 81.2 billion yuan. The items that led the way include nutritional products, baby related items, Nike sneakers and jeans with Levi’s leading the way. Ma increased the... 
 

Campbell Soup Revamping Recipes (NYSE:CPB)

The Campbell Soup Company has announced that it is changing the ingredients in many of its soup products to better reflect the desires of consumers. The company is getting rid of ingredients that consumers today are shying away from. The company is hoping that the changes will boost sales. The number of units sold in the soup market has been slowing for some time now. Changing the traditional recipes that it is known for is a big risk for the company. Many people have grown up eating Campbell soup, so changes in the taste of the products may turn... 
 

ConAgra Foods Ending Private Label by Selling to TreeHouse Foods

Close to three years after it entered the business of private label foods, with a deal of $5 billion to acquire Ralcorp Holdings, ConAgra Foods is leaving the marketplace after its business did not deliver the profits anticipated and drew much criticism from its investors. ConAgra said on Monday it would sell the private label business it has to TreeHouse Foods at a price of $2.7 billion in cash, which underscores a deal making miscue worth billions of dollars as the maker of Hunt’s ketchup and Chef Boyardee tried to diversify into the private... 
 

Amazon Sales Beat Expectations with Prime Event Help

Amazon.com Inc saw its shares soar following the announcement that its sales for the third quarter topped estimates of analysts thanks to the cloud-computing  division that is rapidly growing, a boost from July’s Prime Day event and a careful watch on spending. A surprising $79 million profit equal to 17 cents per share spurred Amazon shares upward by as much as 13% in Thursday afternoon extended trading, which catapulted Jeff Bezos the CEO into the spot of the third richest person in the U.S. The earnings for the quarter compared to a $437 million... 
 

Macy’s to Hire Fewer Seasonal Workers for the Holidays

Macy’s plans to hire fewer temporary employees for its holiday season this year. This is news that arrives just a couple of weeks after the retailer cut its sale forecast for the full year due to a poor start at the beginning of the year. The chain of department stores said Monday it would be hiring approximately 85,000 seasonal employees to its Macy’s and Bloomingdale stores, distribution centers, call centers and fulfillment online centers for the 2015 holiday shopping season. That figure is compared to the 86,000 it hired last year for the... 
 

Fiat Chrysler Recalls Additional Cars to Fight Off Hackers

Fiat Chrysler Automobiles ordered its second recall in the last two months to install software that will protect against hackers. The recall was ordered on Friday and will update software in more than 7,800 of its Jeep Renegade 2015 models that have touchscreens of 6.5 inches. Since this is a new model Renegade, about half of the vehicles affected remain in the hands of the dealers. The system in this latest recall is a different one from the infotainment system that also was the subject of a 1.4 million vehicle recall this past July, said the automaker. Owners... 
 

Labor Market In U.S. Still Strong Despite Less Job Growth

Job Growth in the U.S. slowed during August, but the rate of unemployment dropped to close to a low of 7 ½ years, while wages moved higher, keeping the prospects alive of a interest rate increase by the Federal Reserve later in September. Nonfarm payrolls were up 173,000 during August, after a revised upward July gain of 245,000, said the Labor Department on Friday. The gain in August was the least in the past five months as the most jobs lost were in the factory sector. The jobs count might have been somewhat tarnished by a statistical fluke which... 
 

Navistar Posts Loss, Continues its Restructuring

On Wednesday, Navistar International reported a third quarter $8 million net loss equal to 34 cents a share. Officials at Navistar announced that the company was hurt from lower export sales of parts and trucks and continued efforts in the restructuring of the business. One year ago, the loss at the company was $2 million equal to 2 cents per share. The quarter also included $13 million in charges related to a reduction in costs, including a number that was unspecified in layoffs in Brazil and the U.S. In the same period from one year ago, the company... 
 

Walmart Cuts Workers Hours After Making Pay Raises

Walmart Stores Inc is currently spending over $1 million to raise the wages of employees and giving them more training, but at the same time has been cutting the amount of hours some work in an attempt to keeps its costs in line. Regional executives have told managers of stores at the annual holiday planning meeting of the retailer this month they need to rein in their expenses by lowering their workers hours they have added beyond those that have been allocated based upon projections of sales. That request resulted in some Walmart stores trimming... 
 

One-Hour Delivery by Amazon Arrives in Seattle

Customers with Amazon Prime in Seattle can now have one-hour delivery on thousands of different products including everything from napkins to televisions including wine and beer. Amazon’s speedy service of delivery with one-hour is now in Seattle, where the company is based. Prime Now is now available for thousands of Amazon products that customers can purchase online through the website of the e-commerce giant. Customers who live in Seattle as well as in the neighboring Kirkland, Redmond and Bellevue, Washington zip codes can now choose the... 
 

Dangerous Bacteria in Ground Beef Shows Study

Ground beef purchased in the store often contains a number of different bacteria that could make humans ill and is resistant to most of the drugs that are used to treat it, says a new study released by Consumer Reports. While the majority of bacteria in beef can be killed through cooking it correctly, many people in the U.S. prefer eating their meat rare. That puts them at a risk of illness, especially when their meat comes from cows raised conventionally, which receive treatments of hormones and antibiotics, according to this just released study. The... 
 

Sears Reports Profit for the Quarter But Sales Drop

Sears Holding Corp reported its first profit for a quarter in over three years Thursday due to a gain that was one and off from sales of many stores. However, sales at the struggling retailer continue to drop at a clip of double digits. The return to a profit and the drop in sales was mentioned early in August in a preview of earnings by the company, which operates the Sears stores and the Kmart chain. Sears Holding sold 235 stores and its 50% interest in three mall operators to Seritage Growth Properties a REIT for $2.7 billion during the three-month... 
 

Chipotle Raises Prices of Products Containing Beef

Chipotle the burrito giant of the fast-casual restaurant world is now charging more for menu items that have beef. The company cited continuing increases in beef prices, with the burrito chain charging between 4% and 6% more for its barbacoa and steak burritos, tacos, bowls and salads. The new pricing has taken effect or will shortly at all locations nationwide, Chris Arnold the director of communications confirmed through an email. The menu at Chipotle had picked up buzz of late. The chain has recently increased prices across the boards at its... 
 

Macy’s Sales Lower Than Had Been Expected

Macy’s Inc posted quarterly sales that were lower than had been expected as a strong U.S. dollar substantially reduced the spending by foreign visitors in the U.S. and the business discounted to move merchandise delayed because of strikes at ports up and down the West Coast. The company said that it formed a new joint venture with a company based in Hong Kong to explore retailing online in China. Macy’s, which operates namesake stores as well as Bloomingdale’s its upscale store, saw its shares move up 1% in Wednesday premarket trading. The... 
 

Tata Motors Slashes Targets for Production and Sales

Tata Motors has cut its production, price and sales targets at its Jaguar Land Rover luxury brand in China, a top company executive said, as it is struggling with a slowdown in the market that is creating high inventories. Economic Growth across China, the largest car market in the world, has slowed to a low of 25 years and a drop in confidence by consumers is hurting the sales of carmaker from General Motors to BMW. Sales and production targets for the company were adjusted to reflect a slowing market, announced CFO C. Ramakrishnan on Friday after... 
 

Kellogg Earnings Fall by 24% On Strong Dollar, Weak Domestic Demand

Kellogg Co announced that its earnings for the second quarter had dropped by 24% as its international sales were hit by the stronger dollar and weak demand domestically for its cereal and other types of its packaged foods. Kellogg, based in Battle Creek, Michigan along with other food companies in the U.S. has been grappling with the shifting tastes of consumers for foods they perceive as being healthier and fresher. The maker of Pop-Tarts and Frosted Flakes has announced a new cost-cutting plan that will be that will take a few years to implement... 
 

Goodyear Profit Exceeds Estimates on Demand in North America

Goodyear Tire and Rubber Co, the largest tire maker in the U.S. by sales reported a quarterly profit that was better than had been expected helped from a higher demand in the region of North America and lower costs. Goodyear said tire shipments for North America were up 3.3% to 15.7 million during the quarter that ended on June 30, from the previous year. Operator earnings for the region were up by 54% to more than $321 million. A rise in domestic sales slightly offset impact from the strong U.S. dollar in its businesses across Europe, Latin America... 
 

Whirlpool Profit for the Quarter Drops on Strong Dollar

Whirlpool Corp posted a lower net profit for the quarter on Wednesday due to weak Brazilian sales and a strong U.S. dollar. The company announced that it had initiated capacity reduction and cost cutting activities. Its acquisitions contributed to more sales, but the actions were more than offset by the unfavorable exchange in currency against the strong dollar. Whirlpool the largest maker in the world of home appliances reported net income during the second quarter of $177 million equal to $2.21 per share, which is down from the same quarter last... 
 
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