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HCN Stock Watch: SHW takes a plunge

BY HBSDEALER Staff

On the heels of an announcement that its recent acquisition of a Mexican paint dealer was not approved by the Mexican FCC, Sherwin-Williams did a sudden nose dive of -8.32 percentage points Thursday amid an otherwise bullish market.

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World Candle Congress illuminates business opportunities

BY HBSDealer Staff

According to the National Candle Association, the World Candle Congress, held in Hollywood, Fla. July 8-11, attracted more than 500 candle manufacturers and suppliers to the triannual event to trade information, insights and innovations.

The event, which featured technical presentations, a tradeshow and a plenary session, drew industry professionals from 30 countries ranging from Canada to South Africa.

Some of the overarching topics discussed were global petroleum crude refineries, paraffin wax, wick and burn performance, fragrance evaluation, Fischer Tropsch waxes and safety and regulatory compliance requirements. Dr. Rachel Herz, a cognitive neuroscientist, delivered a presentation on olfactory perception and cognition.

The World Candle Congress was sponsored by the Latin American Candle Manufacturers Association and the National Candle Association.

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BidClerk reports major construction gains in three metro areas

BY HBSDealer Staff

BidClerk Construction Index has released its second-quarter results, which highlighted dramatic increases in year-over-year construction activity in the Atlanta, D.C., and New York metro regions.

In Atlanta, construction projects posted an 18.2% gain since Q2 in 2012, which is slightly less than Q1’s year-over-year increase of 19.3%. Comparitively, quarter-over-quarter growth largely flatlined, with no growth in private construction and a mere 0.4% jump in public projects. Private projects actually decreased since this time last year (-5.5%), which leaves public construction activity to bear the full weight of the recovery at a 33.5% year-over-year gain.

D.C. construction was up 24.4% in total construction, which was helped out by both the private and the public sectors (10.7% and 36.1%, respectively). The growth remains consistent on a quarter-by-quarter basis, with an overall 18.6% increase. It seems that Baltimore’s recovery is outpacing that of D.C.’s, with a 33.1% year-over-year gain, compared to D.C.’s 19.8%.

Meanwhile, the New York metro region posted superlative gains with a 75.9% year-over-year increase in construction activity. This was mostly due to a nearly doubled rate in public construction, which jumped 97.2%; private construction increased by a mere 3.9% (up from its previous -26.8% drop in last quarter’s year-over-year figures). Compared to last quarter, overall construction was up 30.1%.

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