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LG Smokes Q3 Forecast for Record Financial Results

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LG OLED lighting

LG Electronics Inc. is on a roll, as evidenced by their fiscal third quarter results. The company says it has set an all-time record for third quarter revenues while at the same time booking their best quarterly profit in a decade.

See more details on LG’s Q3 results…

[Read more…] about LG Smokes Q3 Forecast for Record Financial Results

LG Relents, Will Reduce Height of New HQ to Preserve Historic Palisades

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Photo of the Palisades
Along the Palisades [Photo: New York Times]
It took the involvement of one of the oldest and most powerful families in the United States, but when Laurance Rockefeller reached out to LG Group Chairman Bon-Moo Koo, talks ensued that resulted in the global electronics powerhouse agreeing to alter construction plans for their new headquarters building in Englewood Cliffs, New Jersey, resolving a long-running dispute. The issue, not well-known in other parts of the country, has been the center of a firestorm here in the New York metropolitan market, with its almost pulp fiction-like storyline of greedy developers cutting backroom deals to despoil a pristine environment in a raw display of corporate hubris. But a story with a happy ending.

See more on LG’s decision to finally become a responsible corporate citizen… [Read more…] about LG Relents, Will Reduce Height of New HQ to Preserve Historic Palisades

Environmental Group Raises Stakes to Stop LG’s New US Headquarters

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Photo of protesters of LG project
Photo: Star Ledger

A group of concerned citizens and several environmental groups have banded together to form an organization known as the Protect the Palisades group in an effort to stop LG Electronics USA from building a new headquarters tower in an area of New Jersey called the Palisades. The Palisades is a large wooded area that spans parts of Northern New Jersey and Southern New York, and it borders on the picturesque Hudson River. It is famed for its wild and natural beauty – and it is a U.S. National Natural Landmark.

Now, the Palisades group has raised the stakes in its fight to stop LG, which has already broken ground on the disputed project… [Read more…] about Environmental Group Raises Stakes to Stop LG’s New US Headquarters