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U.S. markets recover from steep losses
CLEVELAND, July 24 (UPI) -- Ohio's Nacco Industries Inc. said Monday it will spin off its Hamilton Beach/Proctor-Silex appliance business, which will then merge with Applica Inc.
Upon completion of the two-step move, the newly formed entity will be the largest public U.S. company focused on small electric household appliances and be known as Hamilton Beach Inc., based in Richmond, Va.
HBI, which will trade on the New York Stock Exchange, will have estimated yearly revenues of about $1.1 billion and own such brands as Black & Decker, Hamilton Beach, Proctor Silex, eclectrics, Traditions, Windmere, TrueAir, LitterMaid, Hamilton Beach Commercial and Belson.
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MOSCOW, May 23 (UPI) --
The first line of the Nord Stream natural gas pipeline through the Baltic Sea to Germany reached its maximum operating capacity, a Gazprom official said.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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