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Profits for electrical distributors in 2006 rose sharply to the highest level since 1993, reaching a median of 3.7%, according to the National Association of Electrical Distributors (NAED) in its annual Performance Analysis Report (PAR).

Home Depot Inc. has agreed to sell its supply division to three private-equity firms in a roughly $10 billion deal, sources told Reuters News Agency today.

The U.S. Census Bureau and the Dept. of Housing and Urban Development jointly announced new residential construction statistics for May 2007.

Brad Lange Sell, 54, who spent more than 30 years in the plumbing-heating-cooling-piping distribution industry, died shortly after midnight June 16 after a long battle with prostate cancer.

Robert L. Beard, director of operations at Sloan Valve Co.’s Augusta, Arkansas, foundry, has been named by the Augusta Industrial Development Corp. as their Executive of the Year.

Bloomberg News reports that the pending sale of HD Supply may have reverberated into private equity offers for Ferguson's UK parent, Wolseley, as well. Read more.

The gallery has working showerheads, faucets, toilets and tubs. Downstairs, a training/meeting room is decorated in cool, refreshing colors.

Immediate past president of the North Central Wholeslaers Association John Ziegler of White Supply, Coldwater, MI, accepted a plaque in recognition of his service to the organization from incoming president Jim Wilson of Wayne Pipe & Supply, Fort Wayne, IN, at the NCWA convention.

Confidence among U.S. homebuilders fell this month to the lowest since February 1991 as interest rates climbed and delinquencies surged, Bloomberg.com reports.

Businesses are not required to consider an invitation to merge their pension plans vs. terminating them, according to a Supreme Court ruling June 18, as reported by the Associated Press.