Johnson Controls CEO won't drop auto seats business, WSJ reports Johnson Controls has spent over $1B on acquisitions since 2011 to fend off rivals and remain the world's biggest supplier of seats to major auto makers. Yet its lackluster performance has prompted calls from Wall Street to dump the seat business, reports the Wall Street Journal. But new CEO Alex Molinaroli has dismissed calls to leave the business, insisting he won't abandon what he believes is a best-in-class operation.Reference Link
Johnson Controls boosts quarterly dividend 18% to 26c Johnson Controls said its board increased its regular quarterly dividend to 26c per share of common stock, an increase of 18%. The quarterly dividend will be paid on Jan. 5, 2015 to shareholders of record as of the close of business on Dec. 12.