Electrolux to close two US plantsSwedish appliance maker Electrolux announced on Monday better-than-expected third quarter results but said it would also close two US factories in a continued cost-cutting drive. Electrolux, which on Friday announced the closure of a Spanish plant with the loss of 450 jobs, said it would shutter (1) An opaque window that is moved in one direction to let light in and in another to close off the light. In fixed-lens cameras, one shutter often suffices for aperture and speed. two washing machine (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". factories in Iowa which employ 950. It said it earned in the three months to September a net profit of 1.63 billion kronor (160 million euros, 240 million dollars), up 92 percent from a year earlier on the back of low raw material costs and previous cost-cutting measures. Analysts surveyed by Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July had forecast third quarter net profit at 782 million kronor. "Almost everything went our way this quarter. (A) cyclical cyclical Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. trough Trough The stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion. in commodity prices and maintained prices have been decisive for our earnings improvement. Other contributing factors are a better product mix and significant cost reductions," said the company, ranked as the world's second largest home appliance manufacturer. At the same time, it cautioned that "demand continues to be weak, although the rate of decline has slowed down." Electrolux, after carrying out several reorganisations in recent years in a bid to cut costs, announced the elimination of 3,000 jobs in December in response to the global economic slowdown. 
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