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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
News For MSM From The Last 14 Days
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November 12, 2015
12:17 EDTMSMGrainger sinks after predicting 'tough' conditions will continue
Shares of Grainger moved lower as the company's analyst day got underway. In presentation slides, the company pointed to a "tough industrial economy" and noted it expects "more of the same" in 2016. Grainger cited "short term changes in customer behavior" and added that the "competitive landscape continues to evolve." The distributor of maintenance, repair and operating supplies fell $7.43, or 4%, to $203.75 in midday trading. Grainger's peers include HD Supply Holdings (HDS), Fastenal (FAST) and MSC Industrial (MSM).

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