Murray Feldman says investors fled some Michigan companies in droves sending stock prices plummeting.
Whirlpool Corp. announced that it will cut 5,000 positions in North America and Europe despite also reporting net income of $177 million or $2.27 a share, up from $79 million or $1.02 a share a year earlier.
Whirlpool Corp. announced that it won a stay motion in a refrigerator patent infringement case brought by LG Electronics due to progress in separate proceedings challenging the validity of LG’s patents.
Whirlpool Corp. has been named to the 2011-12 Dow Jones Sustainability Index for the seventh consecutive year. In 2011, the company’s centennial year, Whirlpool was named to both the World and North America lists. The DJSI tracks the financial performance of the leading sustainability-driven companies worldwide.
Whirlpool Corp. said Wednesday that it is introducing a freestanding range to its growing Americans with Disabilities Act-compliant appliance offering.
Benton Harbor-based Whirlpool Corp. Thursday reproted a second quarter loss of $161 million or $2.10 a share, vs. net income of $205 million or $2.64 a share in the same period a year ago.
Benton Harbor-based Whirlpool Corp. said Friday that the United States District Court of Delaware ruled in favor of Whirlpool, affirming and expanding a jury’s unanimous March 2010 decision that some refrigerators built by South Korea’s LG infringe Whirlpool’s patented technology.
A recent survey conducted on behalf of Benton Harbor-based Whirlpool Corp. (NYSE: WHR) and Habitat for Humanity International by the NAHB Research Center showed that 74 percent of consumers believe that less than a quarter of their home can be categorized as “green.”
Benton Harbor-based Whirlpool Corp. announced that the United States District Court in Chicago refused to award any relief to LG on the last remaining claim over steam dryers in a lawsuit filed by LG in 2008.
Benton Harbor-based Whirlpool Corp. announced first-quarter net earnings of $169 million, or $2.17 a share, compared to $164 million, or $2.13 a share reported during the same period last year. Sales of $4.4 billion increased 3 percent from the $4.3 billion reported in the first quarter of 2010.