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Sanctions Likely to Damage Russia if not Lifted Quickly

July 30, 2014 3:04 pm | by Laura Mills & Juergen Baetz, Associated Press | News | Comments

Russia's foreign ministry complained vocally about the sanctions, criticizing the U.S. for "advancing baseless claims" about its role in Ukraine in a "pretentious, prosecutorial manner."           

ITW Reports 2Q Results

July 30, 2014 2:26 pm | News | Comments

CEO Scott Santi called the business "well positioned for long-term growth," partly due to the...

AP: A More Vigorous U.S. Economy Appears to be Emerging

July 30, 2014 2:04 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Some economists think growing strength in the job market and the economy will prod the Fed...

Spectrum Brands Holdings Reports Fiscal 2014 Q3 Results

July 30, 2014 10:41 am | by Business Wire | News | Comments

Spectrum Brands Holdings, Inc., a global and diversified consumer products company with market-...

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Anixter International Reports Second Quarter Results

July 29, 2014 10:39 am | by Business Wire | News | Comments

Anixter International Inc. has reported sales of $1.59 billion for the quarter ended July 4, 2014, a 0.4 percent increase compared to the year-ago quarter.                

National Oilwell Varco Announces Second Quarter Earnings

July 29, 2014 10:34 am | by National Oilwell Varco | News | Comments

National Oilwell Varco has released historical financials recast with its four new reporting segments: Rig Systems, Rig Aftermarket, Wellbore Technologies, and Completion and Production Solutions.         

Orders For U.S. Durable Goods Up 0.7 Percent

July 28, 2014 10:43 am | by The Associated Press | News | Comments

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.              


Cautious Outlook From Amazon Helps Drive Stocks Down

July 28, 2014 10:27 am | by Ken Sweet, AP Markets Writer | News | Comments

Two major U.S. companies — the retail giant Amazon and the credit card processor Visa — both said that the second half of the year was looking more troubled than originally expected.            

IMF Cuts Forecast for U.S. Economic Growth

July 25, 2014 10:14 am | by The Associated Press | News | Comments

The IMF projects growth will be just 1.7 percent this year, down from a 2 percent estimate in June. That would make 2014 the weakest year since the recession ended in June 2009.            

Lawson Products Net Sales Up 5.5%

July 25, 2014 10:01 am | by The Associated Press | News | Comments

CEO Michael DeCata attributes some of the upward trend to initiatives to invest in and grow the company's salesforce.                      

Stanley Black & Decker Announces Q2

July 25, 2014 9:34 am | by Business Wire | News | Comments

Company CEO John F. Lungren said the strong results are even more notable due to the company overcoming headwinds relating to currency, and a continued volatile environment in emerging markets.         

Layoffs Becoming Rare Across U.S. Job Market

July 25, 2014 9:20 am | by The Associated Press | News | Comments

The steadily declining level of layoffs suggests that employers may have to hire even more aggressively and raise pay if they want to expand their businesses.               


WESCO International Achieves Record Quarterly Sales

July 24, 2014 9:45 am | by PR Newswire | News | Comments

Wesco's net sales increased 5.9% over the same period last year, with organic sales up 6% and acquisitions positively impacting sales by 1.6%.                  

Could The U.S. Dip Back Into Recession?

July 23, 2014 10:50 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.             

ABB Delivers Strong Order Growth And Cash In Q2

July 23, 2014 10:44 am | by ABB | News | Comments

ABB has reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014.                   

Praxair Reports Q2 2014 Results

July 23, 2014 10:17 am | by Praxair | News | Comments

Praxair, Inc. reported second-quarter net income of $467 million and diluted earnings per share of $1.58, 5 percent and 6 percent above the prior-year quarter, respectively.             

Ingersoll Rand Reports Second-Quarter EPS

July 22, 2014 10:36 am | by Business Wire | News | Comments

Ingersoll-Rand plc has reported diluted earnings per share (EPS) from continuing operations of $1.13 for the second quarter of 2014.                    


Natural Gas Falls To An 8-Month Low

July 22, 2014 10:25 am | by The Associated Press | News | Comments

Natural gas fell to its lowest level in eight months Monday following forecasts that nationwide summer temperatures are expected to be milder than normal.                

Oil Slips After Steep Climb On Ukraine Crisis

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

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.      

Gauge Of U.S. Economy Rises In June

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

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.         

Higher Gas Costs Push Up Producer Prices

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

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

GE Q2 Profit Jumps 13 Percent

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

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

Honeywell Q2 Profit Climbs 7.6 Percent

July 18, 2014 11:03 am | News | Comments

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

Schlumberger Announces Q2 2014 Results

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

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.            

Survey: Distribution Industry Is Growing, Adding Jobs

July 18, 2014 10:23 am | by NAW Institute | News | Comments

Driven by online sales and an improved economy, the U.S. distribution industry is growing, according to the 2014 NAW Institute/McGladrey Distribution Monitor.                

Unemployment Aid Applications Drop To 302K

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

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

Fed Survey Sees Improved Economy

July 17, 2014 11:09 am | by Martin Crutsinger, AP Economics Writer | News | Comments

The economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released Wednesday indicates.             

Watsco Achieves Record Sales, Operating Margins During Second Quarter

July 17, 2014 11:06 am | by Watsco | News | Comments

Watsco, Inc. has reported record results for the second quarter and for the six months which ended June 30, 2014.                      

ISA Indexes Move In Opposite Directions

July 17, 2014 10:45 am | by Industrial Supply Association | News | Comments

The Manufacturer and Distributor Indexes moved in opposite directions for the second straight month, according to the July ISA Economic Indicator Report (EIR) from the Industrial Supply Association.         

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