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Grainger Q2 Sales Up, Net Profit Down

July 17, 2014 | by PRNewswire | Comments

Grainger has reported results for the 2014 second quarter which ended June 30, 2014.                            

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Today in Distribution

The complete daily resource for distribution professionals

2013 Big 50 List

September 1, 2014 2:46 pm | by Industrial Distribution Staff

The Big 50 list highlights a group of companies who are aggressive and progressive. This year's list shows a significant amount of revenue growth, more than typical amounts of consolidation, and even a notably absent name (Barnes Distribution, now a part of MSC). It’s a tough marketplace, and the strong survive and thrive. If anything in these pages inspires confidence, we hope it’s the leadership of an industry that refuses to slow down.


Obama Wants Limits on U.S. Company Mergers Abroad

July 24, 2014 9:53 am | by The Associated Press

President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.    


WESCO International Achieves Record Quarterly Sales

July 24, 2014 9:45 am | by PR Newswire

Wesco's net sales increased 5.9% over the same period last year, with organic sales up 6% and acquisitions positively impacting sales by 1.6%.                  


Logistics Announces New Craftsman Partnership

July 24, 2014 9:37 am | by Logistics Corporation

Logistics Corporation announced that it will extend its line of tool and tool storage products to include the exclusive Craftsman Industrial line.                 


Sealed Air HQ to Move to Charlotte

July 24, 2014 9:31 am | by The Associated Press

The maker of Bubble Wrap protective cushioning, food packaging and cleaning products will move all or part of its operations into a new headquarters complex in the Charlotte area.               


3M 2Q Profit Rises 6 Percent

July 24, 2014 9:25 am | by The Associated Press

3M's second-quarter profit jumped 6 percent as sales surged across all its businesses.                           


Peerless Industrial Sold to KITO Americas

July 24, 2014 9:18 am | by Industrial Distribution Staff

KITO Corporation said it acquired Peerless’ shares for approximately $80 million, including an estimated $3 million advisory fee.                    


Airgas Reports Latest Earnings

July 24, 2014 9:05 am | by Airgas, Inc.

Airgas has reported its FY 2015 Q1 results, yielding a 3% sales increase over the prior year's quarter. In the distribution segment, organic sales were up 2% over the prior year.           


Could The U.S. Dip Back Into Recession?

July 23, 2014 10:50 am | by Bernard Condon, AP Business Writer

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.             


ABB Delivers Strong Order Growth And Cash In Q2

July 23, 2014 10:44 am | by ABB

ABB has reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014.                   


Praxair Reports Q2 2014 Results

July 23, 2014 10:17 am | by Praxair

Praxair, Inc. reported second-quarter net income of $467 million and diluted earnings per share of $1.58, 5 percent and 6 percent above the prior-year quarter, respectively.             


Judge Tosses Wisconsin Senator's Healthcare Suit

July 22, 2014 11:03 am | by M.L. Johnson, Associated Press

A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business exchanges, saying the senator had no grounds to sue.

U.S. Home Construction Drops 9.3 Percent In June

July 22, 2014 10:57 am | by Martin Crutsinger, AP Economics Writer

U.S. home construction fell in June to the slowest pace in nine months, a setback to hopes that housing is regaining momentum and will boost economic growth this year.              


Detroit Big Three, Tier 1 Suppliers Join Together For Summit

July 22, 2014 10:49 am | by Michigan Economic Development Corporation

Chrysler Group LLC, Ford Motor Company, General Motors and 43 of their Tier 1 partners joined forces with Pure Michigan Business Connect to host the first Detroit Three supplier summit.           


Snap-on Appoints New Member To Board Of Directors

July 22, 2014 10:41 am | by Business Wire

Snap-on Incorporated has announced that its board of directors has appointed Ruth Ann M. Gillis as a director.                        


Ingersoll Rand Reports Second-Quarter EPS

July 22, 2014 10:36 am | by Business Wire

Ingersoll-Rand plc has reported diluted earnings per share (EPS) from continuing operations of $1.13 for the second quarter of 2014.                    


Globally, 3 In 10 Consumers Don’t Trust Retailers With Securing Their Data

July 22, 2014 10:30 am | by Business Wire

A global fraud study of more than 6,100 consumers across 20 countries revealed distrust among global consumers in retailers to protect their data.                  


Natural Gas Falls To An 8-Month Low

July 22, 2014 10:25 am | by The Associated Press

Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal.                


Facebook Testing 'Buy' Button

July 21, 2014 10:58 am | by The Associated Press

The company said in a statement last week that the button will let people buy products directly from businesses without leaving Facebook.                  


Russia's Severstal Selling U.S. Steel Plants

July 21, 2014 10:52 am | by The Associated Press

Russian steel company Severstal is exiting the U.S. market by selling two plants to AK Steel and Steel Dynamics for a combined $2.33 billion.                  



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