09292016Thu
Last updateThu, 29 Sep 2016 6pm

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Caution: Horizontal Stem Installation Ahead

Caution: Horizontal Stem Installation Ahead

When it comes to linear valve installati...

The Critical Stem Nut: Who is Responsible for Maintenance?

The Critical Stem Nut: Who is Responsible for Maintenance?

One of the most important components of ...

An Alternative Basics Education: Valve Ed Comes to You!

An Alternative Basics Education: Valve Ed Comes to You!

For the first time in the seven-year his...

Give Your Flow Meter a Happy Home

Give Your Flow Meter a Happy Home

Increased emphasis on the need to improv...

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Industry Headlines

Propane Drove 2016 U.S. Petroleum Product Export Growth

Thursday, 29 September 2016  |  Chris Guy

In the first half of 2016, the U.S. exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume...

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Industry Headlines

Siemens Industry Partners for Self-Funded Efficiency Project

-1 DAYS AGO

Montgomery County, TN has partnered with Siemens Industry Inc. to begin a nearly $5 million, self-funded efficiency project. The project will begin in late October and will be completed by fall of 2017.

Siemens has guaranteed the savings – including 2,473,263 kWh of electricity per year; 34,154 c...

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Wolseley Reports 2016 Full Year Results

1 DAY AGO

Wolseley plc delivered an improvement in overall results for the fiscal year ending July 31, 2016, up 8.5% from last year. Revenue of $18.7 billion was 4.2% ahead at constant exchange rates and 2.4% ahead on a like-for-like basis. Price deflation, particularly in the U.S., reduced revenue by 1.5%. Imp...

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Propane Drove 2016 U.S. Petroleum Product Export Growth

-1 DAYS AGO

In the first half of 2016, the U.S. exported 4.7 million barrels per day (b/d) of petroleum products—almost 10 times the crude oil export volume—an increase of 500,000 b/d over the first half of 2015. While U.S. exports of distillate and gasoline increased by 50,000 b/d and nearly 140,00...

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$900 Million Natural Gas Power Plant Planned for Ohio

-1 DAYS AGO

EmberClear Corp. of Houston has announced plans for a new $900 million natural gas-fired electric power generation plant. The 1,000-MW Harrison Power Project will be built over 60-acres in Harrison County, OH. EmberClear said it will take 18 to 36 months to win approval of various state and federal ag...

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Durable Goods Orders Unchanged in August

20 HOURS AGO

New orders for manufactured durable goods in August were little changed at $226.9 billion, the U.S. Department of Commerce announced, following a 3.6% July increase. Economists were predicting a 1.5% decrease in August. Excluding transportation, new orders decreased 0.4%. Excluding defense, new orders...

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U.S. Consumer Confidence Surges to Nine-Year High

2 DAYS AGO

The Conference Board Consumer Confidence Index, which had increased in August, improved further in September. The Index now stands at 104.1, up from 101.8 in August. The 104.1 figure is the highest since August 2007.

“Consumer confidence increased in September for a second consecutive month and i...

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Consumer Confidence Increases After Four Consecutive Declines

The Conference Board Consumer Confidence Index, which had declined in June, improved slightly in July. The Index now stands at 65.9, up from 62.7 in June.

Consumers' appraisal of current conditions eased in July. Those claiming business conditions are "good" declined to 13.8% from 14.2%, while those saying business conditions are "bad" decreased to 34.2% from 35.9%. Consumers' assessment of the labor market was also mixed. Those stating jobs are “hard to get" declined to 40.8% from 41.2%, while those claiming jobs are "plentiful" decreased to 7.8% from 8.3%.

On the other hand, consumers were generally more optimistic about the short-term outlook in July. The percentage of consumers expecting business conditions to improve over the next six months rose to 18.9% from 16.0%, while those anticipating business conditions will worsen decreased to 14.6% from 15.8%. Consumers’ outlook for the labor market was also more upbeat in July. Those expecting more jobs in the months ahead increased to 17.6% from 14.8%, while those anticipating fewer jobs edged down to 20.3% from 20.8%. The proportion of consumers expecting an increase in their incomes, however, declined to 14.2% from 15.3%.

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