Industry Dashboard for June 9, 2014
Unemployment stayed flat in May at 6.3%, though it represented a recent low for the metric. On a happier note, stocks were finally all making month-over-month gains.
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Lowe’s Iris gets boost from State Farm
Coupons for Iris from Lowe’s, the smart home program, are reaching State Farm insurance customers thanks to a deal between the insurance and retail giants.
In mailings to its customers, State Farm has included coupons good for $10 discounts for Iris Safe & Secure Kits and $25 discounts for Iris Smart Kits. State Farm is further incentivizing the systems with up to 2% discounts on homeowners insurance for those who have the systems in their homes.
The Iris home automation kits start at $179 at retail, and allow consumers to control lights, thermostat, door locks via a smart phone or tablet.
State Farm is also promoting the use of ADT security systems with similar discounts.
“We support the use of a home monitoring system that can help keep your family safe and your home protected – whether it’s with door and window sensors to help deter intruders or water sensors to detect leaks,” reads a letter to homeowners from State Farm.
Nuheat appoints McElroy CEO
Vancouver, British Columbia-based Nuheat appointed president Kevin McElroy to president and CEO.
“The board made the decision to add the designation of CEO to Kevin’s title after a review of his performance during his first year as president,” said Neil Johansen, chairman of Nuheat’s board of directors.
Nuheat manufactures and distributes electric floor heating systems and freeze protection products.
McElroy has been with Nuheat for about 20 years, beginning as the company’s first (and only) salesperson. As VP, Kevin was the driving force behind Nuheat’s sales expansion, into the northeastern U.S. market and successful penetration of all North American markets.
“I’m humbled by the recognition and opportunity to serve as Nuheat’s president and CEO and privileged to be leading a dynamic and energized team,” McElroy said.