The US antitrust regulators have given the green light to Whirlpool Corp.’s proposed $1.79 billion takeover of Maytag Corp to form the world’s largest appliance maker, after concluding the merger would not be anti-competitive.
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LG to launch world-first steam washing machine
At a press conference held in Paris last night, LG Electronics Australia announced it will launch the world’s first steam washing machine in June as part of the company’s new premium positioning in the global whitegoods market.
Ingram Micro to distribute new Philips VoIP phones
Ingram Micro has signed a deal with Philips to distribute two new dual DECT (Digital Enhanced Cordless Telephony) and VoIP (Voice over IP) phones in the Australian market, which enable users to make or take free phone calls over the internet.
Harvey Norman directors trade $2 million in shares
Harvey Norman directors Kay Page, John Slack Smith and John Skippen have sold almost 640,000 of the company’s shares, valued at over $2 million, over the last two weeks.
Ship transport to undercut rail transport by 40%
Bulky goods suppliers could transport products for 40 per cent cheaper than by rail using the first Australian-owned and manned coastal container ship to operate locally for 20 years.
GfK crowns mp3 king of consumer electronics
The mp3 player category, which remained dormant for several years before the introduction of the ubiquitous Apple iPod, has recorded the strongest value growth of any consumer electronics segment.
Government plans to double local digital content in a decade
The federal government has released a plan to double Australia’s production of digital content for devices including mobile phones, media players, digital TV and digital radio over the next 10 years.
Retravision delays mega Malaga official opening
The opening of the largest store in Retravision’s history has been delayed by a week, according to the store’s managing director, Peter Kambouris.
Oral-B’s new Triumph
Toothbrush technologies have come a long way in recent times, and Oral-B now continues the trend with the new Oral-B Triumph Rechargeable Toothbrush.
Maytag shareholders approve merger
Maytag shareholders have given their
final approval to the proposed merger
between Maytag Corp and Whirpool
Corp, accepting Whirlpool’s $2.7 billion
offer at a recent meeting.