Whirlpool Corp. shares fell sharply Friday to cap a second day of losses in the wake of a World Trade Organization ruling against U.S. tariffs that target subsidies benefiting the appliance maker’s South Korean rivals. More than $1 billion was wiped from Whirlpool’s market value over the past two sessions as investors digested the potential impact of this week’s ruling by a WTO panel in favor of South Korea’s challenge to the U.S....

Source: Wall Street Journal September 09, 2016 21:45 UTC