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Honeywell Seeks To Halt Smart Home Merger

In response to the planned acquisition of two divisions of Icontrol Networks by Alarm.com, Honeywell International has filed an antitrust suit claiming the combined entity of two of its competitors would result in 70% share of the market for software that allows remote operation of connected products and devices, according to a report by the New Jersey Law Journal.

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Wayfair Q4 Loss Expands

For the three months ended December 31, Wayfair posted net revenue of $984.6 million but a net loss of $44 million, or 51 cents per share, versus net revenue of $739.8 million and a net loss of $15.5 million, or 18 cents per share, in the year-earlier period.

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