Bloomberg.com recently reported
that Wolseley Plc, the world's biggest distributor of plumbing and heating
equipment, was upgraded to “equal weight” from “underweight” at Morgan Stanley
on speculation the company may close parts of its underperforming Stock
division, its U.S. building-materials business.
California Gov. Arnold Schwarzenegger has signed legislation
permanently establishing the International Association of Plumbing and
Mechanical Officials’ model plumbing and mechanical codes as the basis for the
development of the California Buildings Standards Code.
Stating
that the law would have hurt consumers and had “little positive impact,”
California Governor Arnold Schwarzenegger
vetoed AB 2270, the water softener ban bill, on Sept. 30.
Ricardo Nuñez, HD Supply Senior Vice President, General Counsel
& Corporate Secretary, and others honored for
their leadership in the Hispanic community as part of Hispanic Heritage Week
with an invitation to the White House.
Plastic Services and Products Inc., a
division of PMC Global, was purchased by a private investment trust July 1 and
will now operate under the name of Plastic Services and Products LLC.
The American Society of Heating, Refrigerating
and Air-Conditioning Engineers (ASHRAE) commends Congress on including in the
package provisions for the extension of expired and expiring tax incentives for
renewable energy, energy-efficient building upgrades, and appliance and
equipment purchases.
Freight demand may not
increase until 2010, truck and trailer orders are down and the economy doesn’t
look to be rebounding anytime in the near future.
RSS