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HD Supply Power Solutions Opens New IN Location, Expands Operations In TN

December 5, 2013 11:00 am

The IN location will primarily provide inventory management for Tipmont REMC, a member-owned electric cooperative that serves some 21,800 members. The TN location is a newly renovated 20,000-square-foot warehouse to accommodate the needs of electric utilities in the Knoxville area.

BP Pushes Technical Limits To Tap Extreme Fields

December 5, 2013 10:57 am | by Jonathan Fahey, AP Energy Writer

BP is leading an industry-wide push to develop technology that can retrieve oil from formations that are so deep under the sea floor, and under such high pressure and temperature, that conventional equipment would melt or be crushed by the conditions.


Wisconsin Developing Proposal To Land Boeing

December 5, 2013 10:54 am | by The Associated Press

Boeing is looking for a place to build the next-generation 777X commercial airplane after machinist union members in Washington state rejected a proposed contract that sought concessions on pensions and health care costs.         


Emerson To Purchase Remaining Stake In EGS Electrical Group

December 4, 2013 1:58 pm | by Emerson

Although EGS serves a wide range of markets, its oil, gas and chemical participation has grown to more than half of total sales. EGS sales and earnings will continue to be consolidated in the Industrial Automation segment.     


Futures Slip Despite Strong Employment Report

December 4, 2013 10:37 am | by The Associated Press

A gloom has been cast over the markets this week by weak retail sales, which imply that Americans are still unsure about economic stability. Though unemployment is falling, it remains high. Home sales and prices have also slowed in what has been an upward climb this year.


Fastenal November Sales Up 3.1%

December 4, 2013 10:32 am | by Fastenal Company

Net sales in November of 2013 were $261,269 (Dollar amounts in thousands), up from $253,493 in the same month of 2012. The daily sales were $13,063, up 8.2% from $12,071 in 2012.            


NAED Names George Vorwick, Jr. As Incoming Eastern Region VP

December 4, 2013 10:24 am | by NAED

Vorwick has been in the industry more than 30 years and has attended NAED conferences since 1991, becoming a member of the council in 2010. He has participated in the Strategic Planning and Disaster Recovery Planning initiatives and is currently a member of the Selling Services Think Tank.


NetPlus Alliance Adds YRC Freight & Tractel To Suppliers

December 4, 2013 10:22 am | by NetPlus Alliance

YRC Freight is a leader in 2-5 day LTL (less-than-truckload) shipping with comprehensive service throughout North America. Tractel, Inc. provides material handling and lifting, load measurement, suspended working platforms and fall arrest safety equipment. 


Johnson Controls & Hitachi Announce Global Air Conditioning Joint Venture

December 4, 2013 10:20 am | by The Associated Press

The joint venture will combine Johnson Controls' global reach with Hitachi's technology expertise and will include key products such as variable refrigerant flow (VRF) and inverter technologies supporting both the commercial and residential markets.


Athea Laboratories Hires Two Vice Presidents

December 3, 2013 12:29 pm | by Athea Laboratories

Patrick Rego has been promoted to the position of Vice President of Technical Services. Doug Barnhart has accepted the position of Vice President of Operations.                

Markets Depressed Amid Fed Tapering Talk

December 3, 2013 11:33 am | by Pan Pylas, Associated Press

The Fed's stimulus has shored up global stock markets over the past few years. So-called "tapering" of that stimulus could work the opposite way, even though it would be predicated on an improving U.S. economic outlook.         


Grainger Acquires Safety Solutions, Further Divests Specialty Brands

December 3, 2013 11:28 am | by W.W. Grainger, Inc.

The acquisition of Safety Solutions expands Grainger's offerings in Ohio, while the specialty brands divestiture streamlines the company's marketing operations in order to realign the long-term focus.         


AIM Solder Announces Expansion Of Manufacturing Into South America

December 3, 2013 11:22 am | by AIM Solder

With this arrangement, AIM will now offer locally made solder paste, bar solder, wire solder, and liquid flux in Brazil, thus further strengthening its global position and expanding in its overall growing global footprint.    


Dow Chemical Looking To Spin Off, Sell 40 Plants

December 3, 2013 10:34 am | by The Associated Press

The company said Monday that it expects those deals to happen within the next one to two years. Almost 2,000 workers will be affected by the moves. The businesses generate up to $5 billion of total annual revenue.      


Amazon Sees Delivery Drones As Future

December 3, 2013 10:00 am | by Scott Mayerowitz, AP Business Writer is working on a way to get packages to customers in 30 minutes or less — via self-guided drone. CEO Jeff Bezos said in a primetime interview that while the octocopters look like something out of science fiction, there's no reason they can't be used as delivery vehicles.


Motion Industries Acquires Commercial Solutions, Closes On Paragon Purchase

December 2, 2013 10:55 am | by Motion Industries

Motion Industries has entered into a definitive agreement whereby Motion Canada has agreed to acquire all of the issued and outstanding common shares of Commercial Solutions Inc. of Edmonton, Alberta. Motion also closed on the acquisition of the assets of Paragon Service & Supply, Inc., headquartered in Lima, OH.


HD Supply Waterworks To Grow In Fusible Piping With New Hire

December 2, 2013 10:47 am | by HD Supply

HD Supply Waterworks hired Paul Dreher to lead its fusible piping systems strategy. Dreher will drive the Company’s growth in fusible piping with overall responsibility for its national market presence.        


Wolseley Profits Up 9%

December 2, 2013 10:41 am | by Wolseley plc

During the quarter the Group generated revenue of £3,470 million, 7.4% ahead of last year and 3.5% ahead on a like-for-like basis. The impact of inflation on Group revenue was negligible. The gross margin of 27.6% was 20 basis points ahead of last year. Operating costs were tightly controlled, particularly where markets are still declining.


Harsco and Clayton, Dubilier & Rice Sell Infrastructure Division

December 2, 2013 10:32 am | by Harsco and Clayton, Dubilier & Rice

The new, combined company will operate under the name Brand Energy & Infrastructure Services and will be a leading, single-source provider of multi-craft industrial services, forming & shoring, and total access solutions to the global energy and infrastructure sectors.


Wal-Mart Veteran McMillon To Replace Duke As CEO Next Year

December 2, 2013 10:24 am | by Phil Wahba, Reuters

The company was slow to react to the threat from, which has in recent years vastly increased its assortment of products that shoppers can buy online, selling items such as toys at low prices. It also shortened delivery times.   


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