Heap of trouble hits scrap metal business

Article Abstract:

The buying frenzy in the scrap metal business has grounded to a halt due to plunging scrap prices and other crisis. Philip Services, Metal Management and Recycling Industries, three major scrap metal processors engaged in a buying spree a year ago, are currently grappling with their own problems, including declining share prices. Philip, the biggest scrap metal firm in North America, is making an attempt to find a buyer during a time when scrap prices are at five-year declines. Chicago, IL-based Metal Management and Englewood, CO-based Republic Industries have abandoned plans for future acquisitions due to depressed conditions of the scrap metal business.

Comment:

Buying frenzy in the scrap metal business grounds to a halt due to plunging scrap prices and other crisis

Market information - general, Secondary Nonferrous Metals, Nonferrous Metal (except Copper and Aluminum) Rolling, Drawing, Extruding, and Alloying, Nonferrous metals, Secondary metals

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Automated Healthcare continues fast growth

Article Abstract:

McKesson Automated Healthcare, is anticipating the hiring of 50 to 80 additional employees in the next six to eight months. The firm, a manufacturer of automated equipment that dispenses medications in hospitals, has already added 80 workers over the last four months. The newest expansion effort is the cause behind the company's transfer into new headquarters on Washington's Landing in Pittsburgh, PA, in summer-1998, although it is retaining manufacturing and other operations at RIDC Park in O'Hara, PA.

Comment:

Is anticipating the hiring of 50 to 80 additional employees in the next six to eight months

Electronic Computer Manufacturing, Labor force information, Health Computer Systems, Medical computer applications, McKesson Automated Healthcare Inc.

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