The Guardian (May 7)
Major appliance maker Whirlpool, is warning of a “‘recession-level’ slump” stemming from tariffs and the Iran war. Whirlpool has drastically cut its earnings forecast and hiked “prices by 10% with another 4% spike planned…. With consumers already worried about high grocery prices and escalating gas prices, many are holding off on big-ticket purchases like major appliances and instead trying to make do with what they already have.”
Tags: Appliances, Consumers, Cut, Earnings forecast, Gas, Grocery prices, Iran war, Recession, Slump, Tariffs, Warned, Whirlpool, Worried
Bloomberg (April 4)
“Foxconn’s chairman won’t have long to celebrate.” The takeover of Sharp will prove far easier than its turn around. “With a sprawl of businesses making appliances, solar equipment and flat panels for mobile devices, Sharp is seeing its earnings deteriorate every quarter, yet as part of the rescue deal, Gou pledged to keep the company intact, respect its independence and try to preserve jobs.”
Tags: Appliances, Earnings, Foxconn, Gou, Panels, Rescue, Sharp, Solar, Takeover, Turn around
Chicago Tribune (October 5)
“Computer software now governs virtually every aspect of our lives, from cars to kitchen appliances…. But computer software can deceive us, and this was the disturbing message from the recent Volkswagen scandal, where the German carmaker fitted millions of cars with software that could outsmart emission-control testing.” This new era demands “a code of ethics, a Hippocratic oath, for our computer engineers and the software they create.”
Tags: Appliances, Cars, Computer engineers, Emissions, Ethics, Scandal, Software, Volkswagen
