Whirlpool to buy 60 percent of Indesit for $1 billion
Whirlpool agrees to pay $1 billion for a 60 percent stake in Indesit Co, acquiring shares from Fineldo and the Merloni family. The Fabriano based company will give Whirlpool 67 percent of voting stock and expand its European footprint as it finances the deal with cash and debt.
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Maytag
Wells Fargo Faces Slower Mortgage Revenue Growth in Q2
Wells Fargo posted a 39 percent drop in mortgage revenue for the second quarter as overall lending volume declined. The bank earned $5.42 billion, or $1.01 per share, matching estimates, with debt securities gains partly offsetting weaker mortgage income. Shares dipped to $51.58 amid ongoing pressure in the U.S. housing market.
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Hrtind E
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Lee Ent
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Source
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PhilipMo
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Ieee
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Wells Fargo & Co
U.S
Wells Fargo
Ing
John Shrewsberry
Shrewsberry
Thomson Reuters
Chrysler recalls 900,000 SUVs over wiring in sun visors
Chrysler Group will recall about 900,000 2011 to 2014 Jeep Grand Cherokee and Dodge Durango SUVs to fix wiring for vanity mirror lights in sun visors to prevent short circuits and fires. About 651,000 recalls are in the United States with three injuries reported.
MENTIONED IN THIS ARTICLE
Chrysler Group
Chrysler
United States
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