Financial

Evansville, Ind. – Whirlpool plans to relocate its refrigeration product development center from here to its headquarters town of Benton Harbor, Mich., by 2014....

New York – SiriusXM posted a record $3.13 billion in net income in the second quarter and $3.24 billion for the first half, thanks...

Boca Raton, Fla. – Office Depot reported a higher net loss and lower sales in the second quarter, ended June 30. The chain had...

Dallas – AT&T Mobile Share data-sharing plans will be available starting August 23, chief marketing officer David Christopher announced in a blog . Consumers...

Schulze is Best Buy’s largest shareholder, controlling 20.1 percent of Best Buy shares, according to a statement issued by him this morning. He has...

NEW YORK – This summer’s telecasts of the Olympics from London mark “the end of the beginning” of Panasonic’s drive to generate mainstream acceptance...

NEW YORK – The Anti-Defamation League’s (ADL) National Consumer Technology Industry group will honor Todd Bradley of HP, Dennis May of hhgregg and John...

INDIANAPOLIS — hhgregg reported a net loss of $5.7 million for the quarter, compared with an $800,000 loss in the prior year’s opening quarter,...

NEW YORK – Recent released quarterly reports show weakness at retail from publicly held chains. Even Amazon, which had double-digit CE sales gains in...

CHICAGO – Sprint Nextel is no newcomer to carrierowned stores, operating both the post-paid Sprint and prepaid Boost Mobile chains. Joining the retail portfolio...

Taoyuan, Taiwan – Revenues and net profit fell for the third consecutive quarter in HTC’s fiscal second quarter, when revenues fell 26.8 percent to...

Chicago – U.S. Cellular will expand its distribution options and offer high-demand devices to reverse the second-quarter decline in its post-paid subscriber base, the...

Dallas – Regional prepaid carrier MetroPCS launched the first cellphone in the U.S. to receive free live mobile-DTV broadcasts transmitted by local TV stations...

Newark, Calif. – Logitech and Skype unveiled Friday a high-definition camera system enabling video calls from HDMI-equipped TVs. The LogitechTV Cam HD, which is...

Englewood Cliffs, N.J. – LG Electronics has launched a “Less Mess. More Life” social-media sweepstakes on Facebook to promote its new mega-capacity front-load washing...

Naperville, Ill. – Office Max turned a profit in its fiscal second quarter, ended June 30, but reported lower sales in its retail operation....

New York – Vann’s, the 51-year-old electronics/appliance retailer based in Missoula, Mont., with five stores, is preparing to file for Chapter 11 bankruptcy protection....

Anaheim, Calif. – BrandSource has expanded its alliance with LG Electronics USA to offer members a full assortment of LG home appliance products, including...

Toronto – Mobile virtual network operator (MVNO) Ting, which resells Sprint service, has added its first 4G LTE phone to its handset lineup. The...

San Diego – Prepaid carrier Cricket launched its first Android smartphone that combines touchscreen and hard QWERTY keyboard in a bar-style phone. Huawei’s Ascend...

Chicago – U.S. Cellular launched its first Android 4.0 smartphone and first ruggedized Android smartphone, both from Google-owned Motorola. Both phones are 3G models....

Waterloo, Ontario – Research In Motion (RIM) is adding a cellular-enabled PlayBook tablet to its Wi-Fi tablet lineup. The 4G LTE and HSPA+ equipped...

Viacom and DirecTV announced Friday morning that they have reached a long-term agreement for 17 of the programmer’s networks, after a nine-day hiatus that...

Santa Clara, Calif. – Interactive program guide developer Rovi said Thursday it has reached a multiyear patent licensing agreement with Google for IPG technology...

Moorpark, Calif. – Outdoor LCD TV manufacturer SunBriteTV unveiled Wednesday its “Endless Summer Promotion,” offering consumers a cash rebate of up to $250 to...

3vNET has introduced the CB1 Control Bridge-a lighting and control module that serves as a gateway for lighting control of a home automation system....

Mahwah, N.J. – Denon has begun shipping the first in a trio of one-piece docking speakers and plans Sept. 1 shipments of its second....

Long Beach, Calif. – JVC Mobile will ship its first MirrorLink-compatible in-dash head unit in late August and will work with Samsung to promote...

Dallas – Samsung launched its long-awaited Music Hub service for mobile devices, making it available initially on its flagship Galaxy S III smartphone. The...

Dallas -The Mobile Electronics Retailers Association (MERA) will put a new spin on its traditional keynote for KnowledgeFest 2012, held at the Gaylord Texan...

Osaka, Japan – Panasonic returned to profitability but also reported lower sales in its fiscal first quarter, ended June 30. The net income of...

Los Angeles – Home entertainment media sales got a shot in the arm over the first half of the year from the double-digit growth...

El Segundo, Calif. – Second-quarter sales of advanced features and larger screen sizes helped average retail prices on U.S. flat-panel televisions climb to the...

Philadelphia – Almo, the major national appliance and CE distributor, reported that it had its best semiannual expo turnout this past week in St....

Fort Worth, Texas – The Progressive Retailers Organization (PRO Group) has named Murray Huppin, president of Huppin’s/OneCall, chairman of the board. Huppin replaces George...