News

LG Electronics has started construction on its new $300 million environmentally friendly North American headquarters project in Englewood Cliffs, N.J.

More than 300 supporters, including elected officials from New Jersey as well as neighbors, local businesses, union leaders and LG employees, gathered at 111 Sylvan Ave. for the official start of demolition.

Under Armour is in the process of acquiring MapMyFitness, a fitness technology company powering one of the world's largest digital fitness communities.

Under Armour will leverage the fitness platform to expand its digital capabilities. MapMyFitness has one of the largest connected fitness communities in the world and offers a diverse suite of websites and mobile applications under its flagship brands MapMyRun and MapMyRide. Utilizing GPS and other advanced technologies, MapMyFitness provides users with the ability to map, record and share their workouts.

Whirlpool has promoted Joseph Liotine to president of the company's U.S. operations and appointed him to the corporation's executive committee. Liotine is currently VP of marketing for the company's North American region.

Ace Hardware reported somewhat mixed results for its third quarter with 8.9% growth in revenues compared to 2012, and profits that were essentially flat compared to the prior year quarter.

The hardware cooperative netted $1 billion in revenues for the quarter, an increase of $84.4 million over the same quarter in 2012.

Meanwhile, net income came in at $34.4 million, little changed since 2012's figure of $34.3 million.

A tepid economic climate and government shutdown weren’t enough to prevent Macy’s from producing a 3.5% third quarter same store sale increase and better than expected profits which prompted the department store operator to reiterate it full year financial forecast.

Seattle -- PlayNetwork, a leader in branded entertainment media experiences, announced it is providing music programming and installing state-of-the-art media systems for the Levi's brand in 1,500 stores around the globe, including all U.S. locations.

Pinnacle Foods reported a 1% increase in consolidated net sales for the third quarter ended Sept. 29 compared to the year-ago quarter, bolstered by the company’s North America retail business, which is made up of the Birds Eye Frozen and Duncan Hines Grocery segments and which increased 2%.

Colorado Springs, Colo. -- Accellos, a provider of supply chain execution software solutions, announced its acquisition of PROFITsystems, a provider of  software as a service (SaaS) solutions for small and medium sized home goods retailers.