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Durable goods are just that: hard goods; they don't wear out quickly and can be used over and over again for at least several years. Think your car, TV, refrigerator or computer. These are certainly not disposable, one-time use items.
The opposite of a hard good is (surprise!) a soft good or, if you like, a non-durable good. These are products you use once, like your lunch at McDonald's, the gas in your car and the ugly sweater your grandmother bought you for your birthday. These items have an intended lifespan short of three years, or are consumed immediately.
Investors pay attention to the monthly durable orders report released by the Commerce Department around the end of each month. When durable goods are strong, it means that U.S. manufacturing is humming along, though economists tend to parse the numbers pretty closely. Big-ticket items can skew the overall results, since an order for, say, 75 Boeing 747s has a bigger impact than 75 iPods. Luckily, the data lets economists break down the sectors.
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Friday, May 09, 2008
FMC Technologies Appoints Jeffrey S. Beyersdorfer Treasurer
Comtex
HOUSTON, May 09, 2008 (BUSINESS WIRE) ----FMC Technologies, Inc. (NYSE:FTI) announced today the appointment of Jeffrey S. Beyersdorfer to the position of Treasurer, effective May 9, 2008.
Beyersdorfer joins FMC Technologies from Smurfit-Stone Container, where he had been Vice President and Treasurer since 2002.
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of technology solutions for the energy industry and other industrial markets. The Company designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. The Company also produces food processing equipment for the food industry and specialized equipment to service the aviation industry. Named by FORTUNE Magazine as America's Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and 2008, FMC Technologies employs approximately 13,000 people and operates 33 manufacturing facilities in 19 countries. For more information visit www.fmctechnologies.com.
SOURCE: FMC Technologies, Inc.
FMC Technologies, Inc., Houston Investors: Rob Cherry, 281-591-4560 or Media: Ellen Bates, 281-445-6559
Copyright Business Wire 2008
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