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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...

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...

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...

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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.      

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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.            

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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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Grainger Q2 Sales Up, Net Profit Down

July 17, 2014 10:34 am | by PRNewswire | News | Comments

Grainger has reported results for the 2014 second quarter which ended June 30, 2014.                            

Oil Price Rises After China Growth Ticks Higher

July 16, 2014 10:25 am | by Pablo Gorondi, Associated Press | News | Comments

Oil prices rose Wednesday after China reported a slight improvement in economic growth for the second quarter that allayed fears its slowdown was continuing.                

Alcoa Signs $1.1B Deal For Jet Engine Parts

July 15, 2014 10:16 am | by The Associated Press | News | Comments

The Pittsburgh-based aluminum company has been moving away from mining and smelting aluminum to focus on selling parts used to build planes and cars.                 

Fastenal Sales Up 10% For Six-Month Period

July 11, 2014 9:18 am | by Fastenal Company | News | Comments

According to the company, the increase in net sales in the periods noted for 2014 and 2013 came primarily from higher unit sales.                         

House Approves 5 'Manufacturing Jobs for America' Provisions

July 10, 2014 11:54 am | by The Office of Senator Coons | News | Comments

The House of Representatives approved legislation Wednesday that includes five innovative skills-training provisions from the Senate’s Manufacturing Jobs for America campaign.               

U.S. Cutting Tool Consumption Down 3.5% In May

July 9, 2014 5:09 pm | by AMT & USCTI | News | Comments

This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was down 3.5% from April’s total and down 4.4% from May 2013.               

China: It's Up To U.S. To Drive Global Economy

July 9, 2014 4:46 pm | by Louise Watt, Associated Press | News | Comments

China's finance minister said Wednesday that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy.               

General Cable Announces Restructuring Program

July 9, 2014 4:42 pm | by General Cable | News | Comments

The restructuring program is focused on the closure of certain underperforming assets as well as the consolidation and realignment of other facilities. The company is also implementing reductions in selling, general and administrative expenses globally.

Steel Pipe Imports Put American Jobs at Risk

July 9, 2014 9:59 am | by John D. Oravecz, Pittsburgh Tribune-Review | News | Comments

The steel industry was expected to benefit greatly from the domestic boom in oil and gas drilling. But the anticipated windfall from supplying drilling companies with tubular steel for oil and gas pipelines is being undermined by a flood of cheap imports.

MSC Industrial Net Sales Increase 13.1%

July 9, 2014 9:57 am | by MSC Industrial Direct Co., Inc. | News | Comments

Net sales for the fiscal third quarter 2014 were $720.5 million, an increase of 13.1% over net sales of $636.9 million in the same quarter a year ago.                 

32 States Trail U.S. In Job Recovery

July 8, 2014 9:46 am | by Paul Wiseman, AP Economics Writer | News | Comments

Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.                     

5 Factors That Helped The U.S. Economy

July 7, 2014 4:18 pm | by Paul Wiseman, AP Economics Writer | News | Comments

Europe is floundering. China faces slower growth. Japan is struggling to sustain tentative gains. Yet the U.S. job market is humming, and the pace of economic growth is steadily rising.             

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