LG Electronics broke ground on its North American headquarters in Englewood Cliffs, New Jersey. The start of construction for the 350,000-square-foot sustainably designed building marks a major milestone for the $300 million project, which has been in the works since 2009.
Magic Chef has entered into a partnership with Realtree, a leading camouflage licensor, for a line of compact kitchen appliances that will hit retail shelves in spring 2017.
The first quarter net sales at Spectrum Brands Holdings saw a slight decrease of 0.6% to $1.21 billion compared to $1.22 billion in fiscal 2016. Excluding the negative impact of $18.8 million of foreign exchange, organic net sales increased 1% reportedly due to record results in the global batteries and appliance segment and improvements in the small electrics segment.
Fagor America recently had two cookers selected as “Best of the Test” by Good Housekeeping magazine, the housewares supplier said.
Anheuser-Busch InBev (AB InBev) and Keurig Green Mountain have entered into a joint venture focused on the research and development of an in-home alcohol drink system.
Due to recently exposed vulnerabilities of Internet of Things (IoT) devices, the Federal Trade Commission is launching the IoT Home Inspector Challenge, challenging the public to create a tool that will address security vulnerabilities caused by out-of-date software in IoT devices.