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Today in Distribution

The complete daily resource for distribution professionals

Genuine Parts Company Declares Regular Quarterly Dividend

August 20, 2013 10:02 am | by Genuine Parts Company

The Board of Directors declared a regular quarterly cash dividend of fifty-three and three-quarter cents per share on the company's common stock.                  

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Penn Stainless Collaborates With "Dr. Metals"

August 20, 2013 9:57 am | by Penn Stainless Products

This collaboration will add significant technical expertise and field experience for Penn Stainless Products customers in key areas such as corrosion analysis, material selection and testing.          

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ISA Economic Indicator Index Rises

August 19, 2013 10:23 am | by ISA

The ISA Manufacturers Index rose from 55.9% in June to 63.5% in July, while the Distributor Index increased from 61.2% in June to 62.0%.                   

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RBC Bearings Acquires Climax Metal Products Company

August 19, 2013 10:17 am | by RBC Bearings Incorporated

CMP, located in Mentor, OH, is a manufacturer of precision shaft collars, rigid couplings, keyless locking devices, and bearings for the industrial markets.                 

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Praxair To Expand Kirtland, New Mexico Nitrogen Facility

August 19, 2013 10:15 am | by Praxair, Inc.

Demand for nitrogen continues to grow as local oil and gas operators develop new oil resources in the area. Nitrogen is an inert gas that can effectively replace water that is typically used in hydraulic fracturing.      

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United Stationers's Khan Steps Down

August 19, 2013 10:14 am

Fareed Khan, senior vice president and chief financial officer, has decided to leave the company to accept a position with another firm.                    

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Roofing Supply Group Names New CFO

August 19, 2013 10:11 am | by Roofing Supply Group, LLC

Mara is joining Roofing Supply Group from Dean Foods, where he was CFO and part of a leadership team that created over $2 billion in shareholder value during his tenure.              

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Free Nights & Weekends: Power Companies Shake Things Up

August 19, 2013 10:01 am | by Jonathan Fahey, AP Energy Writer

Some electric companies might change their rigid business model. They are increasingly offering plans that sound like come-ons from mobile phone companies: Free nights, free weekends and pre-paid plans.        

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U.S. Manufacturing Output Slips In July

August 15, 2013 4:30 pm | by Martin Crutsinger, AP Economics Writer

The Federal Reserve says manufacturing output edged down 0.1 percent in July compared with June. It was the first drop since declines in March and April.                   

Kaman Declares Dividend Of 16 Cents Per Share

August 15, 2013 4:21 pm | by Kaman

The dividend will be paid on October 22, 2013 to shareholders of record on October 8, 2013.                           

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U.S. Homebuilder Confidence Nears 8-Year High

August 15, 2013 4:00 pm | by Alex Veiga, AP Real Estate Writer

The brighter sales outlook is the latest sign pointing to a sustained pickup in construction in coming months and comes as applications for permits to build single-family houses are at a five-year high.         

U.S. Budget Deficit Down 37.6 Percent Through July

August 15, 2013 3:51 pm | by Martin Crutsinger, AP Economincs Writer

July's figure raises the deficit so far for the 2013 budget year to $607.4 billion, the government says. That's 37.6 percent below the $973.8 billion deficit for the first 10 months of the 2012 budget year.         

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A Push For Harmony Among Workers, Young And Old

August 15, 2013 3:49 pm | by Matt Sedensky, Associated Press

Put people of widely different ages together and there are bound to be differences. Baby boomers, for example, are workaholics, while younger workers may demand more of a work-life balance.            

U.S. Business Stockpiles Unchanged In June

August 15, 2013 9:57 am | by Martin Crutsinger, AP Economincs Writer

The Commerce Department said Tuesday that business stockpiles were flat in June compared with May. Inventories had fallen a slightly 0.1 percent in May. Sales rose 0.2 percent in June after a solid 1.1 percent increase in May.     

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CFOs More Optimistic About the Economy As Global Expansion Continues

August 15, 2013 9:53 am

U.S. financial officers gave the economy its highest score in five years and were significantly more confident about economic growth in 2013 in the latest Bank of America Merrill Lynch CFO Outlook survey.        

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Transforming Big Data Into “Fast Data” At Global Directions Conference

August 15, 2013 9:48 am | by Kodak

“Fast data” is enabling intelligent information management—the ability to deliver actionable information to the right person within an organization at the right time to achieve positive business results.        

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U.S. Cutting Tool Consumption Off 8.2% Through June

August 15, 2013 9:43 am | by Association for Manufacturing Technology & US Cutting Tool Institute

The reported year-to-date total through June 2013 was $1,014 million, down 8.2 percent from shipments levels for the same period in 2012.                   

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Graybar Opens New Branch In Decatur, AL

August 14, 2013 5:24 pm | by Graybar

The facility will serve the Morgan and Lawrence counties in Alabama. Counter Sales Manager Brad Pitts will lead the sales effort for Graybar. A grand opening celebration is planned for September.          

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Applied's Fiscal 2013 Sales Up 3.7%

August 14, 2013 8:51 am | by Applied Industrial Technologies

Fiscal 2013 full-year sales were a record $2.46 billion for the company, up 3.7% from fiscal 2012 sales of $2.38 billion. Net income for the year increased to a record $118.1 million, or $2.78 per share.        

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Commercial Solutions Sales Down $0.6 Million In 3Q

August 13, 2013 5:02 pm | by Commercial Solutions, Inc.

Commercial reported revenues of $27.1 million, a $0.6 million decline from the same period in the prior year. The decrease in earnings was primarily due to lower revenues and lower gross margin rates.               

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