Electrolux reports Q4 loss after failed bid for GE
STOCKHOLM (AP) — Swedish home appliance maker Electrolux says it fell to a 393 million kronor ($46.1 million) loss in the fourth quarter from a 970 million kronor profit a year earlier after it failed in its bid for General Electric Co.’s appliance business.
18 July, 2014 Electrolux says 2nd-quarter profit up, sales down STOCKHOLM (AP) — Swedish home appliance maker Electrolux says improved demand in Europe and the United States boosted the company's second-quarter profit 27 percent to 815 million kronor ($119 million) from 642 million kronor a year earlier.
18 July, 2014 Electrolux posts Q2 loss on restructuring costs STOCKHOLM (AP) — Swedish home appliance maker Electrolux has posted a second-quarter net loss of 92 million ($13.5 million) kronor, citing large restructuring charges, but says demand in Europe and the United States is picking up.
11 January, 2016 Electrolux CEO steps down after failed takeover of GE unit STOCKHOLM (AP) — Electrolux says Chief Executive Keith McLoughlin is stepping down and will be replaced by Jonas Samuelson, who currently heads the home appliance maker's Europe, Middle East and Africa business area.
25 April, 2014 Europe gives Electrolux a Q1 profit boost STOCKHOLM (AP) — Swedish home appliance-maker Electrolux says the economic recovery in Europe helped the company's first-quarter net profit rise 19 percent to 431 million kronor ($66 million) from 361 million kronor.
1 October, 2018 GE, seeking path forward as a century-old company, ousts CEO BOSTON (AP) — General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business.