The
Plumbing
Manufacturers Institute is sponsoring Senate Bill 651 in the California
legislature in order to clarify Section 116875 of the Health and Safety Code,
the statute that was amended by the plumbing lead reduction law AB 1953.
Activant Solutions Inc. has signed a definitive
asset purchase agreement with Intuit Inc. to acquire the Intuit Eclipse™
Distribution Management Solutions business.
Home Depot lowered its profit forecast yesterday
and now expects earnings per share to fall as much as 18 percent this year and
annual sales to fall for the first time in the company’s history.
Combined U.S. factory shipments of central air
conditioners and air-source heat pumps for May totaled 739,647, up 8.5% from
May 2006 shipments, according to the Air-Conditioning and Refrigeration
Institute (ARI).
Watsco, Inc., Miami, and ACR Group, Inc.,
Houston, announced that they have executed a definitive merger agreement under
which Watsco will seek to acquire ACR’s outstanding common stock in a cash
tender offer of $6.75 per share.