Whirlpool reports Q2 losses on settlement

(ChinaPost.com.tw) – The settlement of a collection dispute helped drive Whirlpool, the world’s biggest appliance maker, to a loss in the second quarter. While its results excluding that and other unusual items beat Wall Street’s expectations, weaker-than-expected demand and higher-than-anticipated costs mean the company will continue to raise prices and sharpen its cost control efforts.

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