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IDEA Announces New CEO

November 25, 2014 | by National Association of Electrical Distributors | Comments

Paul Molitor will lead the Industry Data Exchange Organization starting Dec. 15 after holding several positions with the National Electrical Manufacturers Association.                       

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Today in Distribution

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3 Reasons Shoppers Will Spend Cautiously This Season

November 26, 2014 10:46 am | by Anne D'innocenzio, Christopher Rugaber, AP Business Writers

All signs point to a successful holiday shopping season. Despite the economic tail winds, though, retailers are finding themselves having to work to get shoppers into stores.                    

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U.S. Orders For Durable Goods Up 0.4 Percent

November 26, 2014 10:38 am | by Martin Crutsinger, AP Economics Writer

The small October gain was unimpressive, with declines in a number of categories including machinery, computers and primary metals such as steel.                              

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White House Veto Threat Puts Business Tax Credits On Ice

November 26, 2014 10:34 am | by Andrew Taylor, Associated Press

The unusual veto threat came before the parameters of a potential agreement were even revealed.                                           

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Black Hills Gets Approval To Acquire Northeastern Wyoming Gas

November 26, 2014 9:22 am | by Black Hills Corp.

This acquisition demonstrates Black Hills' continuing strategy to grow its customer base by acquiring small utilities near its existing operations.                             

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Airgas to Highlight Growth Strategies At Analyst Meeting

November 25, 2014 5:25 pm | by Airgas

The company's management team will discuss their strategies for leveraging Airgas' platform and capabilities to drive sales growth and margin expansion, as well as provide mid-term financial goals.               

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U.S. Economy Reports Strongest Quarter Growth In Years

November 25, 2014 11:08 am | by Martin Crutsinger, AP Economics Writer

The third quarter growth figure followed a 4.6 percent surge in the spring, which resulted in the biggest consecutive quarters of growth since 2003.                           

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Beacon Roofing Supply Reports Q4, Year End Results

November 25, 2014 10:01 am | by Beacon Roofing Supply

Beacon's 2014 was unfavorably impacted by the severity of winter storms and prolonged colder temperatures in most markets during the first half of the year.                         

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MAPI Report: Jobs, Replacement Demand Highlight Growth

November 24, 2014 3:23 pm | by MAPI Foundation

The MAPI Foundation says manufacturing production is expected to outpace GDP, with anticipated growth of 3.5 percent in 2015 and 3.9 percent in 2016.                     

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October New Construction Starts Recede 4 Percent

November 24, 2014 1:44 pm | by Dodge Data & Analytics

Nonresidential building in October fell 14 percent to $195.2 billion, following its 13 percent jump in September.                                 

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Chicago Fed Index Shows Economic Growth Moderated In October

November 24, 2014 10:40 am | by Federal Reserve Bank of Chicago

Industrial production decreased 0.1 percent in October after rising 0.8 percent in September, and manufacturing production increased 0.2 percent in October for the second straight month.              

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Report: Itucho Looking To Sell PrimeSource

November 24, 2014 9:58 am | by Industrial Distribution Staff

A Reuters report says Japanese trading house Itucho has hired JPMorgan & Chase Co. to run an auction for PrimeSource, which has attracted interest from private equity firms.                     

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Study: Ottawa's Anti-Corruption Rules On Suppliers Threaten Canadian Economy

November 24, 2014 9:39 am | by Andy Blatchford, The Canadian Press

The analysis explored possible scenarios, concluding that annual sales for a typical disqualified company would drop by $351 million and force it to fire more than 400 Canadian workers.                   

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Year-Over-Year Construction Employment Increased In 37 States

November 24, 2014 9:30 am | by Associated General Contractors of America

Association officials noted that the sector’s recovery is erratic and remains vulnerable to factors like growing labor shortages, new regulatory burdens, and stagnant public sector demand.                 

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Can Low Oil Prices Be Good For The Environment?

November 21, 2014 12:30 pm | by Jonathan Fahey, AP Energy Writer

At around $75 a barrel, the price is high enough to keep investments flowing into alternatives, while giving energy companies less reason to pursue expensive and risky oil fields.                     

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European Construction Production Dips In September

November 21, 2014 10:38 am | by Eurostat

Production decreased 1.8 percent in September, following a 0.7 percent rise in August.                                               

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Avnet Electronics Marketing Earns Molex Distributor Award

November 21, 2014 9:46 am | by Molex

The award recognizes one outstanding global channel partner for advancing Molex technology solutions through demonstrated growth in worldwide sales, coupled with global financial, operational, and executive management excellence.      

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Anixter Appoints New Board Member

November 21, 2014 9:24 am | by Anixter

Scott Peppet brings an extensive law background to Anixter's team.                                                     

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Wesco Aircraft Announces CFO Retirement, 2014 Sales

November 21, 2014 9:09 am | by Wesco Aircraft Holdings, Inc.

Gregory Hann will continue to serve as Wesco Aircraft’s CFO until a replacement can be found, and will remain an employee of the company until March 31, 2015.                           

Gauge Of U.S. Economy Posts 0.9 Percent October Gain

November 20, 2014 3:12 pm | by Martin Crutsinger, AP Economics Writer

The October reading was the best showing since a 1.2 percent jump in July.                                                   

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U.S. Consumer Prices Unchanged In October

November 20, 2014 3:09 pm | by Martin Crutsinger, AP Economics Writer

A fourth straight decline in gasoline costs helped to keep inflation at bay.                                                 

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