Takeuchi-Mfg., global compact equipment provider, has announced that Founder and President Akio Takeuchi has stepped down, and his son, Toshiya Takeuchi, will now serve as president of Takeuchi. He is the second president in the history of Takeuchi Manufacturing. Details here.

The Dodge Momentum Index for nonresidential building projects retreated 4.6% in July to 138.9, down from the revised June reading of 145.6. The lower reading for the Momentum Index in July was due to a 10.2% pullback by its institutional segment, following a 6.0% increase in June. The commercial construction segment in July was basically flat, slipping a slight 0.3%.