Emerson has completed the purchase of MYNAH Technologies, a long-time Emerson alliance partner. The addition of MYNAH will help support Emerson Automation Solutions and its Operational Certainty program. Terms of
were not disclosed.
MYNAH software is currently in use at more than ...
In its most recent annual meeting, Flowserve announced that Bill Rusnack and Lynn Elsenhans have retired as members of the board of directors. Flowserve also announced that board member Roger Fix has been
to replace Rusnack as chairman.
"Bill and Lynn provided years of distinguished service to ...
According to the
U.S. Energy Information Administration
, roughly 70% of petroleum-fired electric generating capacity that still exists today was constructed prior to 1980. Utility-scale generators that reported petroleum as their primary fuel comprised only 3% of total electric generating capacity at...
Affiliates of Exxon Mobil and SABIC (Saudi Basic Industries Corporation) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. The
was signed during the Saudi-US CEO Forum in R...
Tenth District manufacturing activity continued to expand at a
in May, and expectations for future activity increased strongly. Price indexes were mixed, but recorded little change overall. The month-over-month composite index was 8 in May, up from 7 in April but down from 20 in March.
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index, which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for April was
$7.9 billion, up 8%
Even with the myriad of obstacles preventing a full scale recovery for the overall U.S. economy, the design and construction industry appears to have reasons to be at least modestly optimistic in the coming months and into next year. A sharp spike in demand for industrial facilities so far this year, along with sustained demand for hotels and retail projects factors into what projects to be a 4.4% rise in spending this year for nonresidential construction projects – up from a projection of a 2.1% increase in the January Consensus Forecast. The American Institute of Architects (AIA) semi-annual Consensus Construction Forecast, a survey of the nation’s leading construction forecasters, also projects a 6.2% increase of spending in 2013.