Wolseley Cuts Ferguson CEO/President Position … Gates Buys Hydrolink … Grainger July Sales Down 14% … Timken India Signs Agreement with Spearage … GE and FANUC End Joint Venture … M&A Continues Decline … Manufacturing Accounts for Most Mass Layoffs … U.S./Canadian Manufacturer Sales … Wholesale Prices Down in July … Earnings: Avnet, BlueLinx Holdings, Kaman, Applied Industrial Technologies, Beacon Roofing Supply, ERIKS, RBC Bearings, General Bearing, Fluor, Illinois Tool Works, The Home Depot … USMTC Up 22% from May … Manufacturing Barometer Shows Less Pessimism
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