Electrolux

Tasnim Shamma

Electrolux plans to fight a U.S. Justice Department antitrust lawsuit aimed at preventing its acquisition of General Electric's appliance business. The company with a North American headquarters in Charlotte says the $3.3 billion deal will not harm competition.

Electrolux argues this deal won't raise prices in your kitchen anymore than another huge deal raised prices in your laundry room.

Tasnim Shamma

Electrolux reported first-quarter earnings fell 29 percent compared to last year. Company officials blame North American operations for the bulk of the Swedish-based company’s earnings’ decline.

Sales of company appliances, such as microwave ovens and room air conditioners are up slightly in North America, but President and CEO Keith McLoughlin said other factors in the region are hurting profits.

Tasnim Shamma

Household appliance-maker Electrolux, whose North American headquarters is in Charlotte, reported an 18 percent increase in global profits last year. But in its earnings report Wednesday morning, Electrolux noted its North American profits were down compared to 2013.

Tasnim Shamma

Appliance Maker Electrolux announced it will add more than 800 jobs with the expansion of their U.S. corporate headquarters in Charlotte. Electrolux says it will also invest more than $85 million toward construction costs for the expansion.