Miller Industries Inc V.MLR

Primary Symbol: MLR

Industrials

Miller Industries, Inc. is a manufacturer of towing and recovery equipment. The Company designs and manufactures bodies of car carriers and wreckers, which are installed on chassis manufactured by third parties, and sold to its customers. Its products are marketed and sold through a network of distributors that serve all 50 states, Canada, Mexico, and other foreign markets, and through prime contractors to governmental entities. In addition to selling its products, its independent distributors provide end-users with parts and service. Its product line includes car carriers, wreckers, and transport trailers. Car carriers are specialized flat-bed vehicles with hydraulic tilt mechanisms that enable a towing operator to drive or winch a vehicle onto the bed for transport. Its multi-vehicle transport trailers are specialized auto transport trailers with upper and lower decks and hydraulic ramps for loading vehicles. Its brands include Century, Vulcan, Chevron, Holmes, and Challenger.

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Miller Industries Inc

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Post by paljoeyon Oct 30, 2014 3:04pm

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Post# 23078221

Aus Dollar drops another cent

Australian dollar sinks to one-week low on Fed statement

AAP
OCTOBER 30, 201412:58PM

THE Australian dollar has fallen to its lowest level in a week after the US Federal Reserve indicated growing confidence in the American economy.

At noon (AEDT), the local unit was trading at US87.76 cents, down from US88.64c yesterday.

During the morning the currency fell as low as US87.60c, after peaking at US89.13c a few hours before the Fed statement was released at 5am (AEDT).

The US central bank confirmed it will not raise the Federal Funds Rate for a “considerable time”, and as was widely expected said it will end its economic stimulus program, called quantitative easing (QE), at the end of October.

The bank has been tapering its bond purchase program, from $US85 billion a month in December 2013 to just $US15 billion in October.

Westpac senior currency strategist Sean Callow said the Fed statement was a major mover for currency, stock and bond markets.

“The Federal Reserve was more confident in the economic outlook than expected as it confirmed the end of QE, sparking sharp gai

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