Thursday, February 19, 2009

Whirlpool, rivals face price fixing probe

Michigan business news in brief: Whirlpool, rivals face price fixing probe

February 19, 2009, Detroit Free Press

Whirlpool Corp., the world's largest appliance maker, and competitors face a global antitrust investigation into possible price fixing of compressors used in refrigerators.

Whirpool profits tumble

4th quarter profits off 77%
BENTON HARBOR, Mich. (AP) - Home appliance maker Whirlpool says fourth-quarter profit tumbled 77 percent, partly hurt by a higher restructuring charge, a recall expense and the stronger dollar.