Monday, August 24, 2009

Latest in Stimulus: 'Cash for Refrigerators'

A $300 million cash-for-clunkers-type federal program to boost sales of energy-efficient home appliances provides a glimmer of hope for beleaguered makers of washing machines and dishwashers, but it's probably not enough to lift companies such as Whirlpool (NYSE:WHR - News) and Electrolux out of the worst down cycle in the sector's history.

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Thanks BWFO 4change networker, LeAmber Howell, for the information!

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