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Stock Market & Financial Investment News

News Breaks
February 20, 2013
06:21 EDTMSMMSC Industrial benefits from strong demand, Bloomberg reports
Strong demand for light bulbs and power tools has made MSC Industrial Direct (MSM) Chairman Mitchell Jacobson a billionaire. The third-largest provider of office and industrial equipment worldwide, the Melville, N.Y.-based company’s shares are up 14% this year after hitting a record high last week. That has pushed the 61-year-old’s net worth to $1.3B, according to the Bloomberg Billionaires Index. Jacobson, the company’s largest shareholder, has never appeared on an international wealth ranking. Reference Link
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October 22, 2014
16:18 EDTMSMMSC Industrial raises quarterly dividend by 21% to 40c per share
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