Whirlpool trims 2016 profit outlook amid Brazil sales drop
Whirlpool forecast 2016 ongoing earnings of 14.00 to 14.75 per share, below the 14.42 consensus. Brazil unit shipments are set to fall about 10 percent as demand weakens, while sales slipped 7.4 percent to 5.56 billion amid a challenging Latin American market and price pressure from Haier’s potential U S entry.
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Boeing 737 MAX Makes First Flight In Seattle Area
Boeing’s 737 MAX, the fourth 737 variant with new CFM engines, took off from a Seattle area airport on a two and a half hour test flight. The aircraft aims for first deliveries in 2017 to Southwest and other airlines amid market competition with Airbus.
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Lenoch & Cilek Ace Hardware to Close Coralville Store
Lenoch & Cilek Ace Hardware at 1701 Second St in Coralville will close this spring due to property sale timing. Corporate partner Ace Hardware and Lenoch & Cilek Commercial Supply will pursue relocation options while liquidating most Coralville assets this winter. The firm operates two Iowa City stores and may relocate Coralville staff.
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