Electrolux Names New CEO

Electrolux (ELUXY) named Keith McLoughlin as president and CEO after Hans Stråberg notified the board that he wishes to leave the company.

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McLoughlin will succeed Stråberg on January 1, 2011, Electrolux said in a statement. McLoughlin is currently in charge of R&D, Manufacturing and Purchasing for Electrolux Major Appliances. He was previously head of Electrolux…

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Electrolux Names New CEO originally appeared on DailyFinance on Thu, 23 Sep 2010 07:22:00.

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Sharp to Buy Solar Power Developer Recurrent Energy

Japanese electronics company Sharp is turning up the heat in the increasingly competitive solar energy market, announcing plans Wednesday to acquire solar energy producer Recurrent Energy in a cash deal worth upwards of $305 mi…

Daimler Denies Offer for Fiat Industrial Unit

Daimler AG (DDAIF) denied that is in talks with Fiat SpA (FIATY) about taking over the Italian carmaker’s industrial operations.

“There are no talks on this with Fiat,” Daimler spokesman Florian Martens told Bloomberg News. “In our industry at this t…

General Mills Reports Quarterly EPS of 64 Cents

General Mills (GIS) reported adjusted diluted earnings for the quarter of 64 cents per share, matching the results form a year earlier.

Net sales grew 1% to $3.53 billion in the first fiscal quarter ended Aug. 29, the company said in a statement. The cost of goods sold included a $72 million increase in mark-to-market value of commodity positions.

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General Mills makes foods such…

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General Mills Reports Quarterly EPS of 64 Cents originally appeared on DailyFinance on Wed, 22 Sep 2010 07:55:00.

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