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Category: Business Texting

Chicago Fed National Activity Index Slows in August

Chicago Fed National Activity Index Slows in August

The Chicago Fed National Activity Index (CFNAI) decreased to +0.29 in August from +0.75 in July. All four broad categories of indicators used to construct the index made positive contributions in August, but three categories deteriorated from July. The index’s three-month moving average, CFNAI-MA3, improved to +0.43 in August from +0.36 in July. The CFNAI […]

DXP Enterprises Completes Acquisition of Premier Water

DXP Enterprises Completes Acquisition of Premier Water

MRO and industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, announced the completion of its acquisition of Premier Water, which is a distributor and provider of products and services that serves the water and wastewater treatment markets in North Carolina and South Carolina. Financial terms of the deal weren’t disclosed. Founded in 2005, Premier is headquartered […]

Parts Town Launches E-Commerce Marketplace

Parts Town Launches E-Commerce Marketplace

Parts Town has taken the wraps off of a new e-commerce marketplace to provide customers access to a one-stop shopping experience for its OEM foodservice replacement parts as well as products across a variety of new categories. By creating the marketplace, Parts Town is providing an online shopping experience for its customers instead of them […]

Latest Version of Work Van Shows Consumer Feature Migrating to Commercial Vehicles

The latest version of the ProMaster work van from Ram, the truck division of Stellantis, offers many features previously only available on consumer vehicles.

Earnest Machine CEO Talks Sales Transformation Lessons Learned

Earnest Machine CEO Talks Sales Transformation Lessons Learned

A few years ago, Kirk Zehnder, the CEO of Earnest Machine — a Cleveland-based master distributor and manufacturer of industrial fasteners — realized his company’s sales model wasn’t working. While the traditional model might have served a purpose in the past, it was now passé. He decided to embark on a sales transformation journey, which […]

Amazon Opens First Fulfillment Center in North Dakota

Amazon Opens First Fulfillment Center in North Dakota

Amazon.com Inc. (NASDAQ: AMZN), Seattle, Washington, this week announced plans to open a more than 1 million-square-foot fulfillment center in Fargo, North Dakota. The facility, which opened Sunday and is the largest structure in North Dakota by square footage, will create more than 1,000 new, full-time jobs. “We are excited to have this fulfillment center […]

Mirakl Scores $555M in Series E Funding

Mirakl Scores $555M in Series E Funding

Paris-based Mirakl announced it has raised $555 million in a Series E funding round led by Silver Lake, along with participation from long-term investors 83North, Elaia Partners, Felix Capital, and Permira. With the latest investment round, Mirakl said the company’s valuation has increased to more than $3.5 billion. Mirakl is an e-commerce vendor that provides […]

York Partners with Google to Install Donated Smart Home Equipment in the Homes of Injured Veterans

The York brand of Johnson Controls has partnered with Google Nest Pro to donate smart home products in mortgage-free homes gifted to veterans.

How Autodesk Construction Cloud connects workflows, teams, and data at every stage of construction to reduce risk, maximize efficiency, and increase profits

Learn how construction is can be positioned to significantly reduce costs, improve speed, and produce better outcomes with Autodesk Construction Cloud.

Residential Building Permits Up 13.5% in August

Residential Building Permits Up 13.5% in August

Privately owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,728,000, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. This is 13.5% above the August 2020 rate of 1,522,000 and 6% above the revised July rate of 1,630,000. Single‐family authorizations […]