People go shopping for home appliances on sale before they will purchase one offered by some retailers at full price. These sale prices might include home appliances that are marked down because they are remnants left over from last season, and need to be sold to make room for the newer models, that have [...]

(Reuters) Creditors of South Korea’s Daewoo Electronics have chosen five candidates including Electrolux (ELUXb.ST) and Ripplewood to buy the appliance maker in a preliminary bidding, a local media report said. It is the fourth attempt to sell creditors-owned Daewoo Electronics, once a flagship of the failed Daewoo Group. MoneyToday said that Daewoo’s creditors shortlisted five [...]