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Investing News and Earnings: Whirlpool (WHR), Verizon (VZ), JPMorgan Chase (JPM)
Whirlpool Surprises With 1Q Profit; Japan Predicts 3.3% 2009 Contraction; Verizon Beats 1Q Expectations; Analyst: Swine Flu-Hit Stocks Attractive; IMF: G-20 Nations Meet Goals; IRS to Go After More Offshore Accounts; Number of Vacant Homes Hits Record; Newspaper Circulation Drops Again
- Whirlpool Corp. (WHR) posted a surprise quarterly profit and backed its 2009 forecast after deep cost cuts helped it withstand slumping global sales. The world’s largest appliance maker froze salaries and reduced retirement plans, and has been talking with banks about renewing frozen credit lines, Reuters reported.
- Japan’s government cut its 2009 forecast, saying the economy will shrink 3.3% as exports and corporate…
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