Melrose Suspends Dividends, Cuts Executive Pay

Parent of Many Top CI Brands Steps in to Adjust for Impact of COVID-19 Melrose Industries PLC has announced it will suspend the payment of its usual year-end dividend in the face of the deteriorating economic environment as a result … Continue reading

Nortek Reports Uneven Fiscal Results; With A/V Biz in Decline, Security is TECH Segment’s Rising Star

SEC Filings Reveal Serious Decline in 2013 Sales of A/V Lines Nortek, Inc., a Rhode Island-based diversified manufacturer of a variety of environmental and technology products for home and business, announced its financial performance for the fiscal fourth quarter and … Continue reading

Nortek Q3 Results: The Road to Success Remains Really, Really Bumpy

On Thursday last week, Nortek, Inc. released the financial results for its third quarter (ending September 28, 2013) as well as their nine-month YTD results – and on the following Friday convened a conference call with analysts to discuss them. … Continue reading

Nortek Acquires 2GIG Technologies

BREAKING NEWS Nortek, Inc. announced today that it has acquired 2GIG Technologies, Inc. from APX Group, Inc. 2GIG is a designer and supplier of residential security and home automation systems. A privately held company, 2GIG will expand Nortek’s portfolio of … Continue reading