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Alibaba's Alipay Offers Mobile Wallet For U.S. Sites

October 16, 2014 | by Mae Anderson, AP Technology Writer | Comments

The move will let U.S. retailers tap into the estimated 500 million Chinese online shoppers who spent $298 billion online in 2013.                                   

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Today in Distribution

The complete daily resource for distribution professionals

Construction Starts In September Climb 10 Percent

October 20, 2014 3:53 pm | by McGraw Hill Construction

The increase followed an up-and-down pattern during the previous two months, and brought activity to its highest level so far during 2014.                             

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GE Sees Strong U.S. Economy As Profits Rise

October 20, 2014 3:20 pm | by Jonathan Fahey, Associated Press

The company told investors to expect a strong fourth quarter thanks to shipments of equipment and better profit margins for its industrial divisions.                             

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New Environmental Rules May Raise Electricity Costs

October 20, 2014 3:13 pm | by Associated Press

The proposed rules would lead to a rise in prices as they would require much of today's electricity production to be replaced with costly generation and expensive programs to decrease energy use.               

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Canadian Wholesale Sales Edge Up In August

October 20, 2014 1:53 pm | by Statistics Canada

Gains in three subsectors, in particular the machinery, equipment and supplies subsector, more than offset declines elsewhere.                                   

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Atlas Copco Q3 Sales Rise, Profits Fall

October 20, 2014 1:39 pm | by Industrial Distribution Staff

The company forecasts slightly higher demand in the final months of 2014 after posting a bigger-than-expected rise in earnings.                                 

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Survey: Pay Remains Stagnant Despite Strong U.S. Hiring

October 20, 2014 10:23 am | by Christopher S. Rugaber, AP Economics Writer

A quarterly survey by the National Association for Business Economics found that only 24 percent of companies increased wages and salaries in the July-September quarter, despite steady job gains.               

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ABC Coalition Urges OSHA To Withdraw Recordkeeping Regulation

October 20, 2014 10:15 am | by Associated Builders and Contractors, Inc.

For the first time, OSHA plans to make electronically submitted injury and illness records publically available on the Internet through a new searchable database.                         

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Electrolux Third Quarter Profits Jump 42 Percent

October 20, 2014 9:49 am | by Associated Press

Growth in the U.S. bolstered the Swedish appliance maker, which acquired the appliance business of General Electric last month.                                   

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August European Construction Up 1.5 Percent

October 20, 2014 9:15 am | by Eurostat

The gain was considerably larger than the 0.3 and 0.4 percent rises in July.                                                 

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Honeywell Third Quarter Earnings Up 18 Percent

October 17, 2014 9:49 am | by Industrial Distribution Staff

Due to the positive gains for the quarter, Honeywell raised the lower end of its year-end projected sales between 3 and 4 percent.                                   

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GE 3Q Profit Rises On Oil, Aviation Strength

October 17, 2014 9:27 am | by Jonathan Fahey, AP Business Writer

The company reported an 11 percent year-over-year increase in net income for the quarter.                                              

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Apartments Pushed Up U.S. Homebuilding In September

October 17, 2014 9:22 am | by Josh Boak, AP Economics Writer

The sluggish recovery and meager wage growth has left more Americans renting instead of owning homes.                                           

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WD-40 Sales Up 4 Percent In Q4

October 17, 2014 9:15 am | by WD-40

The company's fiscal year-end financial data included a 10 percent year-over-year increase in net income from 2013.                                       

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Praxair Announces Price Increases

October 17, 2014 9:04 am | by Praxair

The adjustments will address higher production and distribution costs.                                                   

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Applications For U.S. Unemployment Benefits At 14 Year Low

October 16, 2014 12:02 pm | by Christopher S. Rugaber, AP Economics Writer

The low number is the latest signal that companies are cutting fewer workers and hiring could remain healthy.                                         

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Bunzl Acquires De Ridder, Reports Q3 Revenue Up 6 Percent

October 16, 2014 10:37 am | by Bunzl plc

The addition of the specialist distribution business will further Bunzl's growth that stems from acquisitions.                                        

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Grainger Third Quarter Sales Up 7 Percent

October 16, 2014 10:17 am | by W.W. Grainger

The company says strong volume growth and positive operating leverage in the U.S. business were the primary drivers of its results.                                  

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U.S. Factory Output Rises 0.5 Percent In September

October 16, 2014 10:07 am | by Josh Boak, AP Economics Writer

Total industrial production surged 1 percent last month, as output from mines and utilities both increased.                                         

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Snap-On Q3 Sales Increase 7 Percent

October 16, 2014 9:38 am | by Snap-On

The Kenosha, Wis.-based tool manufacturer had solid organic sales gains across all operating segments.                                           

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SKF To Cut Production As Q3 Profits Disappoint

October 16, 2014 9:28 am | by Industrial Distribution Staff

Despite a 14 percent year-to-date third quarter increase in sales, the ball-bearing maker will cut back production due to expected low European demand.                             

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