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%
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.