October 7, 2015

Catch up on hardware industry news headlines and tidbits from last week.

$1 billion

The revenue available for GE’s new business division to help governments, industrial and utility customers become more energy efficient. This new company, which has not yet been named, will combine financing opportunities with GE hardware and software. [Fortune]

10

Total number of companies recognized by Home Depot in its 2015 Innovation Award competition. TTI Homelite/Echo won the award for its Echo 58-volt line of outdoor power equipment. Runners-up were Wink for its smart home hub and American Standard for its Optum VorMax tall height elongated toilet.

Other companies recognized for product innovations were: Milwaukee Tool (FUEL Bare Tools), ITW Paslode (pneumatic fastening gun), ETi Solid State Lighting (linkable LED shop light), Toro (Custom Z-Builder), Broan (NuTone EZ Fit bath fan), JELD-WEN (architectural fiberglass door) and LG (side-by-side refrigerator). [PR Newswire]

$83,400

Amount Home Depot will pay 46 female job applicants who were not hired or relegated to cashier’s positions instead of higher-paying sales associate positions at its Pomona, California, location. A U.S. Department of Labor investigation found that women who were equally or more qualified than their male counterparts were routinely overlooked for sales associate positions and promotions.  [CBS News]

52

Number of shades for furniture designer Amy Howard’s chalk-based One Step Paint, which was made available at Ace Hardware locations beginning Oct. 1. Howard and Ace will host a free webinar to promote furniture restoration projects using these paints Oct. 22 at 12 p.m. CST. [EIN News]

4,000

Number of Spotify tailgating playlists the company combed through to determine the most popular tailgating song. The honor went to Zac Brown Band’s “Chicken Fried,” which has sold more than 4.5 million copies since 2008. [Atlanta Journal-Constitution]

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