Whirlpool scores victory in battle against South Korean washing-machine makers [MarketWatch]
Whirlpool Corporation (WHR)
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Source: MarketWatch
Whirlpool scores victory in battle against South Korean washing-machine makers Whirlpool Corp. scored a victory Thursday in a battle with foreign makers of washing machines. The U.S. International Trade Commission (USITC) determined there are so many large residential washing machines coming into the U.S. that it is threatening domestic players. The determination came after Whirlpool WHR, -1.29% filed a petition in May, under Section 201 of the Trade Act of 1974, seeking to stop Samsung Electronics Co. Ltd. 005930, +0.04% and LG Electronics Inc 066570, +2.87% from flooding the market with their appliances. Section 201 “provides that if the U.S. International Trade Commission (the Commission) determines that an article is being imported into the United States in such increased quantities as to be a substantial cause of serious injury, or the threat thereof, to the domestic industry producing an article like or directly competitive with the imported article,” the president can
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Earnings
- 1/29/24 - Beat
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Sec Filings
- 4/18/24 - Form 8-K
- 4/17/24 - Form 4
- 4/17/24 - Form 4
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