05252017Thu
Last updateThu, 25 May 2017 3pm

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The Future of Coal: Efficiency Over Politics?

The Future of Coal: Efficiency Over Politics?

Many changes in the power industry have ...

Valve World Americas Event Set for June 20-21

Valve World Americas Event Set for June 20-21

End users, distributors, EPC/AEC personn...

Water Hammer

Water Hammer

Water hammer is a shock wave transmitted...

Turning the Tables on Valve Corrosion

Turning the Tables on Valve Corrosion

Multiple valve manufacturers and users w...

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Industry Headlines

Emerson Acquires MYNAH Technologies

1 DAY AGO

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  the acquisition were not disclosed.

MYNAH software is currently in use at more than ...

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Roger Fix Named Chairman of Flowserve

2 DAYS AGO

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 elected to replace Rusnack as chairman.

"Bill and Lynn provided years of distinguished service to ...

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Oil-Fired Plants Provide Small Amount of U.S. Electric Capacity, Generation

5 HOURS AGO

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...

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ExxonMobil, SABIC Agree on Proposed Petrochemical Project

2 DAYS AGO

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 agreement was signed during the Saudi-US CEO Forum in R...

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Business Borrowing for Capital Investment Up 8% in April

5 HOURS AGO

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% year-ov...

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Leading Economic Indicators for the U.S. Increased in April

1 DAY AGO

The Conference Board Leading Economic Index (LEI) for the U.S. increased 0.3% in April to 126.9 (2010 = 100), following a 0.3% increase in March, and a 0.5% increase in February.

“The recent trend in the U.S. LEI, led by the positive outlook of consumers and financial markets, continues to point ...

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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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