In tornado-stricken areas, the story turns to reconstruction
An article in the New York Times examined the impact of natural disasters on local economies, as the story in the tornado-ravaged Midwest turns to one of reconstruction.
Spending on building materials is a natural outgrowth of the horrible damage sustained by cities such as Joplin, Mo., headquarters of Tamko Building Products.
Tamko donated $1 million to the Greater Ozarks Chapter of the American Red Cross.
The impact of demand for home products also brought Home Depot into the story, which is setting up a 30,000-sq.-ft. temporary store in Joplin, according to the article. The Atlanta-based retailer’s store in Joplin was destroyed by a May 22 tornado.
Haier names new heads of divisions
New York City-based Haier America has announced the realignment of the company by creating a structure to be "fully integrated and aligned" under three main Product Business Divisions, the company announced. The Product Business Divisions will include Air Conditioning Group (ACG), White Goods Group (WGG), and Digital Products Group (DPG).
“This new direction for Haier enables integration from end to end at all levels and presents common objectives supported by a shared road map, while clearly defining measurements and performance throughout the organization,” said Shariff Kan, president of Haier America.
The White Goods Group will be led by Executive VP Bob Cunningham who has been with the company since 2008 and previously served as senior VP of major appliances-product innovations and engineering. Mr. Cunningham has over 30 years of experience in the white goods appliance industry.
The Air Conditioning Group will be led by Executive VP, Lintao Lu who has been with the company since 2003 and previously served as senior VP of compact appliances and home comfort-product innovations and engineering. Mr. Lu has over 25 years of experience in the air conditioning industry.
The Digital Products Group will continue to be led by President Douglas Lane who joined the company in July of 2010 with over 20 years of experience in the consumer electronics industry.
Shoplifters sought for pulling a switch at the checkout
Suspects are being sought by federal authorities for allegedly stealing $130,000 worth of merchandise from Lowe’s by smuggling it out in toilet and sink boxes, according to an article in the Seattle Post Intelligencer.
A complaint unsealed in Seattle court last week said that Altor, Larsell and Leonard Hollingsworth, along with one of their sons, have been going into Lowe’s stores since 2007 and emptying out toilet and sink boxes so they could fill them with high-end faucets and other items. The brothers, who frequently had female accomplices, would then check out the merchandise for the cost of the toilet or sink, investigators allege. As pat of the scheme, the Hollingsworth brothers are accused of returning the items to different Lowe’s stores in Washington, Oregon, California and Arizona for gift cards totaling about $130,000.
Two of the brothers — Altor and Larsell Hollingsworth — have been arrested. Altor’s son, Alton, and the other brother, Leonard, remain at large.
A lawyer for Larsell Hollingsworth declined to comment except to note his client is presumed innocent. A lawyer for Altor could not immediately be reached.