Appliance maker Maytag Corp., which has agreed to be acquired by larger rival Whirlpool Corp., on Friday reported a wider quarterly loss on weak demand for its Hoover vacuum cleaners.
The Newton, Iowa, company, which also makes Amana and Jenn-Air appliances, said its fourth-quarter loss widened to $75 million (93 cents a share), from a loss of $14 million (18 cents) a year earlier. Excluding restructuring charges and other one-time items, the loss was 31 cents a share, much deeper than the 13 cents expected by analysts.
