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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.                             


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.                             


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.               


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.                                   


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.                                 


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.               


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.                         


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.                                   


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.                                                 


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.                                   


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.                                              


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.                                           


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.                                       


Praxair Announces Price Increases

October 17, 2014 9:04 am | by Praxair

The adjustments will address higher production and distribution costs.                                                   


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.                                         


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.                                        


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.                                  


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.                                         


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.                                           


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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