Electrolux said it expected annual cost savings about $300 million after one-off charges and spending of about $350-$370 million.

Electrolux is buying General Electric’s appliance business for $3.3 billion as the Swedish company looks to bulk up in the US.The Swedish group’s larg(...)

Manufacturers are rolling out internet-connected burglar alarms, televisions and light switches. Google’s Nest (pictured) has also partnered with companies including Whirlpool Corp and light bulb maker LIFX to integrate their products with its thermostats and smoke detectors. Photograph: Jim Wilson/The New York Times)

Samsung Electronics is to buy SmartThings, a startup backed by PayPal co-founder Max Levchin that helps connect household devices, one of its largest (...)

The General Electric  logo is seen on a microwave oven  in a shop in Torrance, California. GE’s home appliances business, which sells products under the GE Monogram, GE Cafe and Hotpoint brands, could be worth between $2 billion and $2.5 billion. Photograph: Bloomberg

World number two home appliances maker Electrolux said yesterday it was in talks to buy General Electric’s household appliances business.“AB Electrolu(...)

Google Nest’s products include a self-learning, smartphone-controlled thermostat that learns your movements and adjusts temperature accordingly. Photograph: David Paul Morris/Bloomberg

Google’s Nest Labs on Tuesday unveiled an industry group to encourage makers of smart home gadgets like locks and light bulbs to use Thread, a new sta(...)

The Indesit logo is seen in a shopping center in Rome yesterday. Whirlpool, the world’s largest maker of home appliances, has agreed to pay €758 million to buy a 60 per cent stake in smaller Italian rival Indesit. Photograph: Tony Gentile/Reuters

Whirlpool agreed to pay €758 million for a controlling stake in Italian appliance maker Indesit, its largest acquisition since buying former rival May(...)

Investors  were betting that  the financial troubles of Portugal’s Banco Espirito Santo won’t spiral into a euro zone banking crisis. Photograph: Reuters

European stocks were little changed, halting five days of losses, amid increased takeover activity, while investors also bet that the financial troubl(...)

UPC block in East Point Business Park, close to Dublin’s city centre. photograph: peter moloney

The successful run of distressed commercial property sales and the higher prices available have triggered an increasing number of routine investment d(...)

The average tap uses seven litres of water per minute, so it’s a good idea to turn it off when you brush your teeth. Photograph: Thinkstock

People have become very interested in water conservation, says Mark Burke of bathroom product manufacturers Roca Ireland. This is because average a(...)

Patrick Kennedy, chief executive at Paddy Power, announces his retirement. Photograph: Dara Mac Dónaill

European shares closed at a six-year high on solid corporate earnings and the chance of more European Central Bank stimulus. The euro fell to a five-w(...)

Employees assemble washing machines on the production line inside a factory of Hefei Rongshida Sanyo Electric in Hefei, Anhui province, yesterday. Photograph: Reuters

Home appliance maker Whirlpool said it will acquire a controlling stake in Hefei Rongshida Sanyo Electric for $552 million to expand in China’s fast-g(...)