Siemens and Mentor Graphics have entered into a merger agreement under which Siemens will acquire Mentor for $37.25 per share in cash, which represents an enterprise value of $4.5 billion. Mentor will then be
into Siemens Industry, according to the
Atlanta Business Journal
GE Oil & Gas has signed an agreement with TAG (Trans Austria Gasleitung) GmbH, a pipeline operator with stations across Austria, to install its new Tuning Maintenance Software (TUMAS) across TAG’s fleet of 16 PGT25 gas turbines. This is the first time this solution has been
A debate in Congress is taking place over whether to restore a ‘Buy America’ provision in the Water Resources Development Act (WRDA) before a final version is voted on. The
‘Buy America’ rule
already passed in the Senate version of the bill. It was then pulled from the compromi...
In October, 2016, The Pipeline and Hazardous Materials Safety Administration (PHMSA) announced a final rule that expands safety requirements for excess flow valves (EFVs) to multi-residential and commercial applications. That version of the rule covered the installation of EFVs in new or replaced se...
Economic growth in the U.S. will continue in 2017, say the nation’s purchasing and supply management executives in their December 2016 Semiannual Economic Forecast. Expectations are for a continuation of the economic recovery that began in mid-2009, as indicated in the monthly ISM Report on Bu...
National Association for Business Economics’ (NABE) December 2016 Outlook Survey forecasts 2.2% growth in real GDP for 2017. The annualized growth rate forecasted for 2017 inched downward to 2.2% in the current survey from 2.3% in September. Both
illustrate the panel’s expectat...
Although the Bureau of Labor Statistics (BLS) reports that manufacturers added only 40,000 new workers in the second quarter, down from 124,000 in the first quarter, manufacturing continues to spark economic recovery. Year-to-date, the sector has contributed 17% of all net job creation in the economy, but the unemployment rate remains at 8.2%. The Institute for Supply Management (ISM) reported also that its Purchasing Managers’ Index fell below 50 for the first time since July 2009, suggesting that the manufacturing sector contracted in June, led by a sharp decline in new orders and exports.