Whirlpool Is Cutting 1,000 Jobs as US Appliance Demand Remains Stagnant
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Creditors to Adler Group SA are set to take control of the company after the embattled landlord struggled to sell assets and repay debts against the backdrop of plunging prices.
Swire Properties Inc. is seeking $100 million for the penthouse atop a 66-story tower on Brickell Key island, as developers compete over who will smash the record for most expensive condo in Miami.
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Czech real estate billionaire Radovan Vitek is doubling his asset-sale target, in a bid to curb debt after a buying spree that made him one of Europe’s largest landlords.
Dec 7, 2017
Reuters
OTTAWA - The value of Canadian building permits rose more than expected in October, driven by increased construction intentions for commercial and residential buildings, data from Statistics Canada showed on Thursday.
The 3.5 per cent overall increase from September exceeded economists' forecasts for a gain of 1.5 per cent. September was upwardly revised to 4.9 per cent from a previously reported 3.8 per cent.
Non-residential building permits jumped 5.5 per cent, led by intentions for commercial buildings, as Quebec and Ontario planned more warehouses and office buildings. Both provinces have seen their unemployment rates fall as their economies have picked up.
Permits for industrial buildings also rose 14.2 per cent on construction intentions for factories and plants in Alberta, which is recovering from the oil price shock two years ago.
Residential permits rose 2.3 per cent after three consecutive months of declines. In Ontario, single-family building permits rose 3.3 per cent, while multi-family permits surged 23 per cent on townhouses and condominiums.
It was the first time since May that residential permits have increased in Ontario. Toronto home sales and prices have fallen since the provincial government announced measures in April to cool the real estate market but there have been recent signs that the market is stabilizing after a weak summer.