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Oil Prices Ease but Remain Elevated

July 21, 2014 9:22 am | by The Associated Press | News | Comments

Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.                      


Sales Up at GPC, Motion Industries

July 21, 2014 9:13 am | by Genuine Parts Company | News | Comments

Thomas C. Gallagher, Chairman and Chief Executive Officer of GPC, announced that record sales totaling $3.9 billion were up six percent compared to the second quarter of 2013, and that Motion Industries's sales were up seven percent.


Acklands-Grainger Announces Agreement to Acquire WFS Enterprises Inc.

July 21, 2014 8:45 am | by Acklands-Grainger | News | Comments

Acklands-Grainger, Canada’s largest distributor of industrial, safety and fastener products, today announced its agreement to acquire WFS Enterprises Inc., a leading distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations.


Oil Slips After Steep Climb On Ukraine Crisis

July 18, 2014 11:20 am | by Pablo Gorondi, Associated Press | News | Comments

The price of oil retreated slightly Friday after climbing to near $104 a barrel amid growing geopolitical concerns following the crash of a Malaysian jetliner in Ukraine and another round of U.S. sanctions on Russia.      


Gauge Of U.S. Economy Rises In June

July 18, 2014 11:16 am | by Martin Crutsinger, AP Economics Writer | News | Comments

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.         


Higher Gas Costs Push Up Producer Prices

July 18, 2014 11:14 am | by Josh Boak, AP Economics Writer | News | Comments

Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.                   


GE Q2 Profit Jumps 13 Percent

July 18, 2014 11:08 am | by Jonathan Fahey, AP Energy Writer | News | Comments

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions.                    


Honeywell Q2 Profit Climbs 7.6 Percent

July 18, 2014 11:03 am | News | Comments

Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.                  


Schlumberger Announces Q2 2014 Results

July 18, 2014 10:59 am | by Business Wire | News | Comments

Schlumberger Limited has reported second quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013.            


Quality Products Announces Appointment Of President

July 18, 2014 10:52 am | by Business Wire | News | Comments

Quality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic machine tools, is pleased to announce the appointment of David Somers to the position of president of the company.     


Survey: Distribution Industry Is Growing, Adding Jobs

July 18, 2014 10:23 am | by NAW Institute | News | Comments

Driven by online sales and an improved economy, the U.S. distribution industry is growing, according to the 2014 NAW Institute/McGladrey Distribution Monitor.                


NAED Urges Action On E-fairness

July 18, 2014 10:08 am | by The National Association of Electrical Distributors | News | Comments

The National Association of Electrical Distributors (NAED), a member of the Marketplace Fairness Coalition, strongly supports the Marketplace and Internet Tax Fairness Act (MIFTA) introduced in the Senate earlier this week.     


United Stationers Industrial Supplies Business President Departs

July 18, 2014 10:03 am | by PRNewswire | News | Comments

United Stationers Inc. has announced that Larry D. Davis, president of ORS Nasco, the company's industrial supplies division, will be leaving the company.                


Obama Aims To Stop Corporate Overseas Tax Moves

July 18, 2014 9:58 am | by Tom Murphy, AP Business Writer | News | Comments

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.         


Unemployment Aid Applications Drop To 302K

July 17, 2014 11:17 am | by Josh Boak, AP Economics Writer | News | Comments

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    


Amada Machine Tools America Joins IBC As A Preferred Supplier

July 17, 2014 11:14 am | News | Comments

IBC has announced the addition of Amada Machine Tools America, Inc., to its buying group as a Preferred Supplier of band saw machines, along with complementary band saw blades, milling machines, grinders, and turning centers.    


Fed Survey Sees Improved Economy

July 17, 2014 11:09 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.             


Watsco Achieves Record Sales, Operating Margins During Second Quarter

July 17, 2014 11:06 am | by Watsco | News | Comments

Watsco, Inc. has reported record results for the second quarter and for the six months which ended June 30, 2014.                      


Praxair Signs Long-Term Supply Agreement

July 17, 2014 10:59 am | by Praxair | News | Comments

Praxair, Inc., through a subsidiary, has signed a long-term contract to supply industrial gases to Nanjing Jinling Huntsman New Materials Co., Ltd., a joint venture between SINOPEC Jinling and Huntsman.        


3M Presents Distributor Of The Year Awards

July 17, 2014 10:53 am | by 3M | News | Comments

3M recognized four companies with “Distributor of the Year” awards at the 2014 Industrial Supply Association (ISA) Annual Convention in New Orleans, Louisiana.               



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