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Stock Market & Financial Investment News

News Breaks
January 11, 2013
07:24 EDTMSMMSC Industrial upgraded to Overweight from Equal Weight at Stephens
Stephens believes MSC Industrial's guidance is conservative and tied more to the soft December and uncertainty surrounding the fiscal cliff. The firm expects MSC's growth to improve as the economy rebounds and through company specific initiatives. Price target raised to $92 from $80.
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September 30, 2014
11:31 EDTMSMMSC Industrial opens new CFC in Ohio
MSC opened its fifth Customer Fulfillment Center, or distribution center, in Columbus, Ohio. MSC first announced plans for the new facility in the summer of 2012 when it purchased a 70 acre plot of land where the 400K square-foot facility now sits. The new CFC is currently home to 100 full-time associates, a number that is expected to grow to 300 by year-end 2017. The site is also designed to accommodate future expansion as MSC continues to grow. MSC invested approximately $55.5M in capital expenditures to construct and outfit the facility in Columbus.
September 24, 2014
07:44 EDTMSMStephens to hold an investor trip
Industrial Distributors Investor Field Trip travels through New York, Ohio, Texas and Pennsylvania on September 24-25.
September 17, 2014
07:37 EDTMSMMSC Industrial management to meet with UBS
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