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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.

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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.                  

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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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N.Y. Proposes Regulations for Bitcoin Virtual Currency

July 21, 2014 10:25 am | by The Associated Press

The proposal would require a license for those who buy and sell virtual currency, but not for those merchants and consumers who use it solely to buy and sell goods and services.                

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Walmart Invests $103M in Indian Wholesale Business

July 21, 2014 10:04 am | by Industrial Distribution staff

The world's largest retailer has given its Indian unit a capital infusion to help boost its B2B business. It's also ramping up its online operations to give wholesale customers 24-7 access to anything they order online.       

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U.S. Companies Report Increase in Sales, Employment

July 21, 2014 9:49 am | by The Associated Press

Fifty-seven percent of respondents to the quarterly survey said sales at their companies rose in the April-June period. That was up from 35 percent in the same period a year ago. Respondents also said the outlook for the July-October period is strong.

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Oil Prices Ease but Remain Elevated

July 21, 2014 9:22 am | by The Associated Press

Oil prices fell further Monday as concern about Ukraine eased but still were elevated on anxiety about the Middle East.                      

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Sales Up at GPC, Motion Industries

July 21, 2014 9:13 am | by Genuine Parts Company

Thomas C. Gallagher, Chairman and Chief Executive Officer of GPC, announced that record sales totaling $3.9 billion were up six percent compared to the second quarter of 2013, and that Motion Industries's sales were up seven percent.

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Acklands-Grainger Announces Agreement to Acquire WFS Enterprises Inc.

July 21, 2014 8:45 am | by Acklands-Grainger

Acklands-Grainger, Canada’s largest distributor of industrial, safety and fastener products, today announced its agreement to acquire WFS Enterprises Inc., a leading distributor of tools and supplies to industrial markets in Southern Ontario and select U.S. locations.

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Oil Slips After Steep Climb On Ukraine Crisis

July 18, 2014 11:20 am | by Pablo Gorondi, Associated Press

The price of oil retreated slightly Friday after climbing to near $104 a barrel amid growing geopolitical concerns following the crash of a Malaysian jetliner in Ukraine and another round of U.S. sanctions on Russia.      

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Gauge Of U.S. Economy Rises In June

July 18, 2014 11:16 am | by Martin Crutsinger, AP Economics Writer

A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.         

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Higher Gas Costs Push Up Producer Prices

July 18, 2014 11:14 am | by Josh Boak, AP Economics Writer

Rising gasoline costs pushed up the prices U.S. companies receive for their goods and services in June, but overall inflation remains tame.                   

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GE Q2 Profit Jumps 13 Percent

July 18, 2014 11:08 am | by Jonathan Fahey, AP Energy Writer

General Electric's net income rose 13 percent in the second quarter on strong performance from its aviation and oil and gas divisions.                    

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Honeywell Q2 Profit Climbs 7.6 Percent

July 18, 2014 11:03 am

Honeywell International Inc. (HON) on Friday reported profit that climbed by 7.6 percent in its second quarter, and topped analysts' expectations.                  

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Schlumberger Announces Q2 2014 Results

July 18, 2014 10:59 am | by Business Wire

Schlumberger Limited has reported second quarter 2014 revenue of $12.05 billion versus $11.24 billion in the first quarter of 2014, and $11.18 billion in the second quarter of 2013.            

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Quality Products Announces Appointment Of President

July 18, 2014 10:52 am | by Business Wire

Quality Products, Inc., a manufacturer and distributor of aircraft ground support equipment and hydraulic machine tools, is pleased to announce the appointment of David Somers to the position of president of the company.     

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United Stationers Industrial Supplies Business President Departs

July 18, 2014 10:03 am | by PRNewswire

United Stationers Inc. has announced that Larry D. Davis, president of ORS Nasco, the company's industrial supplies division, will be leaving the company.                

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Obama Aims To Stop Corporate Overseas Tax Moves

July 18, 2014 9:58 am | by Tom Murphy, AP Business Writer

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.         

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Unemployment Aid Applications Drop To 302K

July 17, 2014 11:17 am | by Josh Boak, AP Economics Writer

The number of people seeking U.S. unemployment benefits fell last week, a steady decline that suggests a strengthening job market.                    

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Amada Machine Tools America Joins IBC As A Preferred Supplier

July 17, 2014 11:14 am

IBC has announced the addition of Amada Machine Tools America, Inc., to its buying group as a Preferred Supplier of band saw machines, along with complementary band saw blades, milling machines, grinders, and turning centers.    

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