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Whirlpool Adding 150 Jobs To Tulsa Appliance Plant
Whirlpool Corp. says it will add 150 jobs to its factory in Tulsa and spend $19 million to expand the facility.Maytag Deal: Up to You, Whirpool
With the original buyout bidder for Maytag Corp. on Monday pocketing a break-up fee and turning the auction for the ailing icon over to Whirlpool Corp., the focus in the three-month saga shifted to how the combination of the two appliance makers would fare. At $2.7 billion, Whirlpool's bid richly values Maytag, but the deal faces a number of challenges before -- and after -- closing. For starters, antitrust officials are likely to demand shedding some lines before signing off on the deal.Whirlpool 2Q net income more than doubles
Whirlpool Corp.'s second-quarter net income more than doubled as it cut costs and benefited from more shoppers taking advantage of federal rebates to buy new appliances.Small Firms Use Flat Fees to Gain Edge
Whirlpool's fee arrangement with Warner Norcross is the latest example of flat-fee arrangements between law firms and corporations. Such relationships are often tied to convergence, or the consolidation of outside law firms. They can also be a prime opportunity for small to midsize law firms to collect work from marquee-level clients. "If we can give them predictability and learn to live with an appropriate set of incentives, they're happy and we're happy," said Jay Cragwall, a Warner Norcross litigator.Whirlpool, Maytag in DOJ Review
Whirlpool Corp. and Maytag Corp. said Thursday they have complied with the government's second request in the antitrust review of the $1.4 billion merger. However, a close reading of the announcement reveals several troubling developments. Whirlpool said it would not close the deal before Feb. 27 without Department of Justice approval. And the company did not clearly state that the agency agrees the partners are in compliance, which left risk arbitrageurs assuming the agency has not opined on the matter.Whirlpool 1Q profit more than doubles, sales rise
Whirlpool Corp. said Monday that its first-quarter profit more than doubled as sales of its appliances improved both domestically and abroad.Whirlpool loses money in 2Q due to settlement
The settlement of a collection dispute helped drive Whirlpool, the world's biggest appliance maker, to a loss in the second quarter.Small firms use flat fees to gain edge
Whirlpool Corp. faces myriad business risks and uncertainties in its $18 billion global appliance business, but its legal bills from midsize Michigan law firm Warner Norcross & Judd aren't one of those unknown variables.Suit Against Whirlpool Says Washers Wrongly Sported Energy Star Logo
Agitated washing machine purchasers allege in a federal court suit that manufacturer Whirlpool Corp. falsely labeled the products with the government's Energy Star.LG suffered another loss in its suit against Whirlpool for falsely advertising that its steam dryers produced steam. After a trial last year in which it won just one count under Illinois's Uniform Deceptive Trade Practices Act, a federal judge has thrown out that result, too.
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