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Industry Headlines

CIRCOR Announces Availability of Historical Segment Information

45 MINS AGO

CIRCOR International announced the availability of certain historical segment information reflecting its previously announced organizational realignment beginning in the fourth quarter of 2016.

The new “Energy” segment, including the recent acquisition of Critical Flow Solutions, will prima...

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Curtiss-Wright, Clarke Industrial Engineering Sign Licensing Agreement

58 MINS AGO

Clarke Industrial Engineering has entered into a licensing agreement with Curtiss-Wright Corporation, whereby Clarke’s patented and proprietary Shutter Valve technology will be exclusively available to Curtiss-Wright for the worldwide naval defense market, the U.S. maritime homeland security mar...

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New Investments Spur Permian Oil Production Increase

5 HOURS AGO

The Department of Energy (DOE) said on Tuesday that oil production in the Permian Basin could increase by 53,000 bpd by next month. According to the Energy Information Administration (EIA), that is the largest monthly increase in the region in a year.

“The EIA’s first shale oil forecast o...

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Why is Oil & Gas Slow to Adopt Cloud Technology?

1 DAY AGO

“There are endless benefits to implementing a cloud-based system, many of which center around less waste and less hassle, but due to operational characteristics, oil & gas companies stand to benefit more than most.”

“Yet, while being among the sectors that stand to gain most fro...

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Industrial Production Sees Largest Rise in More Than Two Years

5 HOURS AGO

Industrial production rose 0.8% in December, the largest increase since November 2014, after falling 0.7% the previous month. For the fourth quarter as a whole, the index slipped 0.6% at an annual rate.

Manufacturing output moved up 0.2% in December, as an increase in durable manufacturing outweighed d...

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IMF Raises U.S. Economic Growth Forecast

1 DAY AGO

After a lackluster outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018, especially in emerging market and developing economies. However, the International Monetary Fund (IMF) noted in its new World Economic Outlook, there is a wide dispersion of possible outcomes around ...

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National Association of Manufacturers Urges Congress to Support Export-Import Bank Reauthorization

On Friday National Association of Manufacturers president and CEO Jay Timmons issued this statement after House Majority Leader Eric Cantor (R-VA) and Minority Whip Steny Hoyer (D-MD) reached an agreement on bringing legislation to the House floor to reauthorize the Export-Import (Ex-Im) Bank:

“Leaders on both sides of the political aisle came together today to prevent the unilateral economic disarmament of the United States on the issue of export financing. Our international competitors are aggressively promoting exports and capturing markets, while some in Congress have been working to eliminate a vital tool for job creation. Today Rep. Cantor and Rep. Hoyer displayed much-needed leadership to bring both parties together to save the Ex-Im Bank and protect nearly 290,000 jobs.

The bill announced today to reauthorize the Bank and increase its lending cap brings us a step closer to protecting these jobs and will be a vital tool for small manufacturers exporting to new markets. It is essential to manufacturers’ global competitiveness, and we are pleased that Majority Leader Cantor and Minority Whip Hoyer have come together on an authorization. We cannot grow jobs and the economy without exports, and Ex-Im has to play a role in that effort.

Manufacturers appreciate the work of House leadership on this issue that is so critical to our manufacturing economy. Manufacturing employs 12 million men and women in the U.S. Small businesses drive our economy and cannot afford for Ex-Im’s authorization to expire. We urge all members of the House to support this jobs legislation, and we hope the Senate will also move forward quickly. The Ex-Im Bank means jobs and increased exports, which will help us grow our economy and remain competitive.”

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