ID Channel Report News Alert 11/18/08 | Industrial Distribution

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BREAKING NEWS - November 18, 2008

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Wolseley to lay off 2,300 more workers

First-quarter sales rise 2 percent but earnings plummet 30 percent for the British building materials distributor; 3,400 laid off at American Stock Building Supply division with another 1,100 to come at Ferguson Enterprises. More

Report: Economy is in “severe” recession

The United States economy is in a “severe recession,” according to the Manufacturers Alliance/MAPI, and faces “serious and unrelenting challenges” next year. More

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