The Leading Source for Industrial Distribution News
Interline Brands Post Solid 2Q
July 30, 2010 5:49 am | News | CommentsJACKSONVILLE -- Interline Brands, Inc., a leading distributor and direct marketer of maintenance, repair and operations ("MRO") products, reported sales and earnings for the quarter ended June 25, 2010. Sales for the second quarter of 2010 increased 0.1% compared to the second quarter of 2009.
Smooth Operator
July 29, 2010 8:52 am | Product Releases | CommentsRex-Cut Products (Fall River, MA) now offers a line of synthetic mounted points for the light deburring, blending, and polishing of precision-machined and cast parts. The Mebabrite mounted points are made from a non-woven synthetic that is compressed, bonded, and impregnated with abrasives.
Easy Product Conveyance
July 29, 2010 8:49 am | Product Releases | CommentsAshworth (Winchester, VA) now offers the eye-link belt, a lightweight, straight running conveyor belt. Eye-links make up the flat, even surface for smooth product conveyance. Its overall construction provides a rigid structure that resists side-to-side deflection while enabling the belt to handle thousands of pounds of tension.
Applied Releases 2010-2011 Product Catalog
July 29, 2010 5:22 am | News | CommentsCLEVELAND, Ohio – Applied Industrial Technologies has announced the publication of its 2010 / 2011 Applied® Product Catalog with more than 3,000 new products. The full-line catalog, with 38,000 products overall, includes the industry’s best selection of bearings, motors, drives, belts, fluid power products, tools, welding supplies, safety items and more.
New Jobless Claims Fall For Third Time In Four Weeks
July 29, 2010 4:43 am | by Christopher S. Rugaber, AP Economics Writer | News | CommentsWASHINGTON (AP) — New jobless claims fell last week for the third time in four weeks in the U.S. but remain elevated. The Labor Department said Thursday that first-time claims for unemployment insurance dropped by 11,000 to a seasonally adjusted 457,000. Claims have fluctuated this month because of temporary seasonal factors.
OSHA Fines Components Maker $140K For 44 Violations
July 29, 2010 4:41 am | News | CommentsHARTFORD, Conn. (AP) — An Eastford, Conn., jet engine components manufacturer faces nearly $140,000 in federal fines for alleged violations of chemical, mechanical, electrical and other hazards. The Occupational Safety and Health Administration said Wednesday it cited Whitcraft LLC for 44 alleged violations.
DXP Sees Sales, Income Increase In 2Q
July 29, 2010 4:40 am | News | CommentsHOUSTON, Tex. -- DXP Enterprises, Inc. recently announced net income of $4,584,000 for the second quarter ended June 30, 2010, with diluted earnings per share of $0.31 compared to net income of $2,166,000 and diluted earnings per share of $0.15 for the second quarter of 2009. Sales increased $22.
Pace Of U.S. Economic Activity Has Slowed
July 29, 2010 4:38 am | by Jeannine Aversa, AP Economics Writer | News | CommentsWASHINGTON (AP) — The pace of economic activity has slowed or held steady in parts of the country, revealing a choppy path back to health. A new survey released by the Federal Reserve Wednesday found the U.S. economy growing this summer, even as risks mount. Of the 12 regions tracked by the Fed, the survey said that growth held steady in Cleveland and Kansas City, but slowed in Atlanta and Chicago.
Toyota To Recall 412,000 Vehicles For Steering Problems
July 29, 2010 4:37 am | by Yuri Kageyama, AP Business Writer | News | CommentsTOKYO (AP) — Toyota is recalling 412,000 passenger cars, mostly the Avalon model, in the U.S., and another 16,420 vehicles in Japan for steering problems, the automaker said Thursday. The 373,000 Avalons being recalled in the U.S. range from the 2000 model year through to 2004 and have improper casting of the steering lock bar — a component for the steering system — causing cracks to develop on the surface.
Boeing Sees 21-Percent Profit Decline In 2Q
July 29, 2010 4:35 am | by Joshua Freed, AP Business Writer | News | CommentsMINNEAPOLIS (AP) — Boeing's second-quarter profit fell 21 percent, and it said layoffs are likely in its defense business because of expected government spending cuts and bargain-hunting. Profits and revenue fell in both Boeing's airplane and defense businesses. The commercial airplane downturn seems to be ending, with orders up sharply from last year and U.
With Health And Safety, 'Talent Is King'
July 28, 2010 12:16 pm | Articles | CommentsThe Executive Edge leadership track brings together business executives and top leaders in environmental, health and safety (EHS) management. Top decision-makers are increasingly discovering that well-integrated EHS management systems create worldclass organizations with competitive advantage and business sustainability.
Ten Tips To Better Pricing
July 28, 2010 12:03 pm | Articles | CommentsEditorial by Rafi Mohammed, Author, The 1% Windfall Pricing is one of the most powerful – yet underutilized – strategies available to businesses. A McKinsey & Company study of the Global 1200 found that if companies increased prices by just 1%, and demand remained constant, on average operating profits would increase by 11%.
Consumer Confidence Index Slips In July
July 28, 2010 5:32 am | by Anne D'Innocenzio, AP Retail Writer | News | CommentsNEW YORK (AP) — Americans' confidence in the economy eroded further in July amid worries about a still-stagnant job market. The report raised concerns about the economic recovery and the back-to-school shopping season. The Conference Board, a private research group, said Tuesday that its Consumer Confidence Index slipped to 50.
Durable Goods See Broad Fall In June
July 28, 2010 5:28 am | by Daniel Wagner, AP Business Writer | News | CommentsWASHINGTON (AP) — Orders to U.S. factories for big-ticket manufactured goods fell broadly in June as the fragile recovery continued to slow. Demand for durable goods dropped 1 percent last month to a seasonally adjusted $190.5 billion, the Commerce Department said Wednesday. It was the second straight monthly decline and the largest drop since August 2009.
GM To Sell Volt for $41K
July 28, 2010 5:27 am | by Tom Krisher, AP Auto Writer | News | CommentsDETROIT (AP) — General Motors Co. said Tuesday its Chevrolet Volt electric car will cost $41,000 when it goes on sale in November. While the price is about $8,000 more than its closest rival, the Nissan Leaf, GM said it will offer a $350-per-month lease deal that's essentially equal to the Leaf's.
Diagnostics Made Easy
July 27, 2010 9:15 am | Product Releases | CommentsE Instruments (Langhorne, PA) offers the new, updated BTU 1100 portable combustion analyzer. Now available are field-replaceable sensors for easy diagnostics, and replacements to cut out down time and costly repair charges. Some of the product’s other features include: A built-in, non-thermal printer A CO sensor Built in manometer and thermometer A 9’ dual hose A 12” probe Check out www.
Optimize Cutting Performance
July 27, 2010 9:13 am | Product Releases | CommentsMorse (Canton, OH) recently added the M-Factor CH and the M-Factor GP blades to its line of carbide-tipped band saw product line. The CH is engineered for optimal cutting performance on case-hardened materials, while the GP design tackles cutting of carbon and stainless steels.
That's A Wrap
July 27, 2010 9:11 am | Product Releases | CommentsIPG (Bradenton, FL) recently unveiled the Genesys® OXO-biodegradable high performance machine film. Genesys is a light gauge cast film available in 50, 63, or 75-gauge thickness and is designed for use on automated stretch wrapping equipment. According to the company, the film biodegrades much more quickly than standard stretch films when exposed to oxygen and sunlight.
Clean Cut
July 27, 2010 9:09 am | Product Releases | CommentsMilwaukee Electric Tool (Milwaukee, WI) introduces new carbide grit and recessed light hole saws for cutting a wide variety of abrasive materials. Available in 3/4” through 2-1/2”, the carbide grit saws feature a segmented edge and wide, offset slots. Furthermore, the recessed light hole saws offer continual carbide grit edge that leaves a clean finish, while an open back design helps with accurate hole placement and easy plug removal.
Is China Open For Business?
July 27, 2010 7:01 am | Videos | CommentsMyron Brilliant, senior vice president for International Affairs at the U.S. Chamber of Commerce, discusses the current state of the Chinese economy and whether the country is now open for global business. How will this affect the United States? Brilliant provides some answers, but also admits that there's a lot of uncertainty surrounding the Chinese economy.
