The U.S. economy grew at a solid 4.1% annual rate from July through September, the fastest pace since late 2011 and significantly higher than previously believed.
The relocation will increase operational efficiencies and align with the company's strategy of building products in the regions where they are primarily sold. Production of the font-load commercial washer platform is due to begin in the U.S. April 2014.
Stock futures are rising and major U.S. indexes appear headed for solid gains after the U.S. reported unexpectedly strong growth during the third quarter.
Following the transaction's closing, Coleman's management team will join the Southwire organization, and Southwire expects to maintain a significant presence in Waukegan.
Airgas, Inc. announced that its operating units will increase prices on helium by 20% on average, effective immediately or as contracts permit. Some price increases may differ based on specific market conditions or contractual provisions.
LaPrairie is a wholesale distributor of electrical products servicing the transmission, distribution, and substation needs for utilities and utility contractors for the last 25 years across Ontario, Quebec, and Atlantic Canada.
Fastenal to its shareholders: "The reason for this release is simple; we anticipate we will miss the average analyst net earnings expectations for the fourth quarter of 2013 of $0.36 per share."
The $0.33 dividend is payable on January 28, 2014 to shareholders of record at the close of business on January 14, 2014.
Altra Industrial Motion Corp. has announced the closure of its acquisition of Svendborg Brakes A/S and S.B. Patent Holding ApS, which manufacturing caliper brakes.
A prominent business group filed a lawsuit Wednesday challenging government rules that require federal contractors to display posters telling workers they have a legal right to form a union.
Graybar, a leading distributor of electrical and communications products and related supply chain management and logistics services, has announced the election of David Bender to the company’s Board of Directors. David currently serves as District Vice President of Graybar’s Atlanta regional operations.
The National Association of Electrical Distributors (NAED) has announced the availability of the results of its third annual technology survey. This research shows how the electrical distribution industry uses technology. The study requested distributor input on technology issues, website functionality, e-commerce capabilities, adoption of mobile devices, and back office technology implementation.
Greenlee, a Textron company, has announced the acquisition of HD Electric Company (HDE), a Waukegan, IL-based designer and manufacturer of power utility products. HDE provides products and solutions which test, measure and control electric power.
The Federal Reserve has sent its strongest signal of confidence in the U.S. economy since the Great Recession struck six years ago: It's decided the economy is finally strong enough to withstand a slight pullback in the Fed's stimulus.
The catalog offers a full range of pneumatic and hydraulic products and includes product features, descriptions, ordering information, images, operating information, engineering specifications, dimensions, and diagrams.
Effective January 1, 2014, Hayward Flow Control will be operating from the Hayward Canada facility, located in Oakville, Ontario. The 200,000 ft² warehouse and office facility currently houses the Hayward Canada Residential and Commercial Divisions.
U.S. consumer prices stayed flat in November, held down by falling gas prices. Inflation remains low across the broader economy, giving the Federal Reserve latitude to continue its extraordinary stimulus program.
The growing gap between the richest Americans and everyone else isn't bad just for individuals. It's hurting the U.S. economy. So says a majority of more than three dozen economists surveyed last week by The Associated Press. Their concerns tap into a debate that's intensified as middle-class pay has stagnated while wealthier households have thrived.
The ISA Manufacturer Index declined from 66.7% in October to 62.0% in November, while the Distributor Index decreased from 70.9% in October to 58.5% in November. For each index, a reading above 50% indicates expansion, while a reading below 50% indicates contraction.
A global consensus that the U.S. will not pull back on its aggressive monetary policies is pushing markets higher at home and abroad. The Federal Reserve ends its two-day meeting Wednesday and issues its last statement and updated economic forecasts of 2013.