Electrolux To Raise Prices In Europe

Electrolux AB ELUXY announced its plans to lift prices by 5% to 7% across Europe to offset rising raw material and transportation costs. Electrolux's move in Europe comes after Whirlpool Corp WHR reported that it planned to lift appliance prices by 8% to 10% from April. ELUXY shares fell 4.10% to close at $48.15 on Friday. Read more from Benzinga's Company news.