KB Home names new board member
Los Angeles-based KB Home has announced that Barbara Alexander was elected to its board of directors, bringing the total number to 10. She was also appointed to the board’s audit and compliance committee.
“We look forward to gaining the benefit of Barbara’s tremendous industry and financial expertise and perspective, as we continue to build on our improved operational performance and position KB Home to navigate through the current housing market,” said Jeffrey Mezger, president and CEO.
Alexander has been an independent consultant since January 2004. Prior to that, she was a senior adviser to UBS Warburg and predecessor firms from October 1999 to January 2004, and managing director of the North American Construction and Furnishings Group in the Corporate Finance Department of UBS from 1992 to October 1999.
She serves as a director of Allied World Assurance Company Holdings and Qualcomm Inc. Alexander previously served as a director of Burlington Resources, Centex Corp., Federal Home Loan Mortgage Corp. (Freddie Mac) and Harrah’s Entertainment.
Circular of the Week
This week, Westminster, Mass.-based Aubuchon Hardware gets nautical with its “Set Sail for Fall Savings” sale. The maritime play on words aside, the eight-page circular features deals on wood pellets, thermostats and various stoves for managing the temperature in New England homes. Also prominent are chainsaws, rakes and pruning sheers for the falling foliage.
• Your choice of Honeywell thermostats or First Alert carbon dioxide detectors for $19.97; • 20% off Fiskars outdoor tools; and • Duraflame Electroheat electric oil filled radiator for $39.97.
The Skinny: Layaway for winter
Snowblowers are a high-ticket item anywhere, but in New England they’re also in high demand, thanks to the kind of snow accumulation that would shock many Americans. Conveniently placed on page eight, right next to a $750 snow blower, the circular points its customers to simple terms: 10% down, no service charge and nine months to pay it off.
LED International brings MagicBulb to U.S.
LED International is promoting what it describes as the world’s first rechargeable light bulb.
Just introduced to U.S. vendors, MagicBulb was developed in Norway. With a lifespan of more than 20,000 hours, it saves up to 90% of energy compared with other bulbs, according to LED International. It can be used in any light fixture, and it’s also portable. Once battery-charged, it can shine up to three hours.
The price point of MagicBulbs ranges anywhere from $25 to $60.
“MagicBulb is an award-winning, patented LED light bulb that has taken off overseas and is now making its grand entrance into the United States market,” says Ron Yiu, marketing director for LED International U.S., a division of the Norway-based LED Electronics International AS that developed MagicBulb. “The response has been so overwhelming since we introduced the MagicBulb in Europe and Asia in late 2009.”
The product has garnered a number of awards, including a Gold Medal from The 19th China National Invention Exhibition, September 2010; and IWIS Medal at the International Warsaw Invention Show 2009.