Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.
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, 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.
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.
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.
Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.
General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions.
Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.
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, 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.
Driven by online sales and an improved economy, the U.S. distribution industry is growing, according to the 2014 NAW Institute/McGladrey Distribution Monitor.
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 Inc. has announced that Larry D. Davis, president of ORS Nasco, the company's industrial supplies division, will be leaving the company.
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.
The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.
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.
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, Inc. has reported record results for the second quarter and for the six months which ended June 30, 2014.
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.