small electrics

LG Breaks Ground On NJ Headquarters

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.

Spectrum Brands Reports Flat First Quarter Sales

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.

Midea Set To Expand Operations

Midea is set to invest $30 million in expanding its business to Latin and Central America with the operation headquartered in Miami, FL. The launch of the project will take place on January 23.

FTC Launches IoT Security Challenge

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Home Inspector Challenge, challenging the public to create a tool that will address security vulnerabilities caused by out-of-date software in IoT devices.

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