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Food and Beverage Processing

Food and Beverage Processing

When wandering the grocery store aisles,...

Variable Frequency Drives in Electric Actuators

Variable Frequency Drives in Electric Actuators

Electric actuators are vital for operati...

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Industry Headlines

Garlock Acquires Rubber Fab Technologies

-1 DAYS AGO  |  Chris Guy

Garlock has acquired the business and assets of Rubber Fab Gasket & Molding Inc. through its parent company EnPro Industries.

Rubber Fab, headquart...

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Industry Headlines

Garlock Acquires Rubber Fab Technologies

-1 DAYS AGO

Garlock has acquired the business and assets of Rubber Fab Gasket & Molding Inc. through its parent company EnPro Industries.

Rubber Fab, headquartered in Sparta, NJ, is a recognized supplier of high performance sanitary gaskets, hoses and fittings for hygienic process industries such as pharmace...

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MRC Global Announces First Quarter 2016 Results

18 HOURS AGO

MRC Global Inc. today announced first quarter 2016 results. The company's sales were $783 million for the first quarter of 2016, which were 39% lower than the first quarter of 2015 and 19% lower than the fourth quarter of 2015. As compared to last year, reduced customer activity across all segments ...

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Energy Sector Weighs on Construction Starts

4 DAYS AGO

At a seasonally adjusted annual rate of $660.5 billion, new construction starts in March receded 1% from February’s pace, according to Dodge Data & Analytics. Total construction starts had jumped 13% in February, led by a huge gain for the electric utility and gas plant category. The dolla...

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Chevron Investing Billions in The Permian Basin

5 DAYS AGO

At Chevron’s annual security analyst meeting last month, chairman and CEO John Watson said that his company plans on investing billions into oil & gas projects in the Permian Basin.

According to the Hobbs News-Sun , Watson predicted they could be pumping up to 350,000 barrels a day out of West ...

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U.S. Economy Grew 0.5% in First Quarter

-1 DAYS AGO

U.S. GDP increased at an annual rate of 0.5% in the first quarter of 2016, according to the advance estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 1.4%.

The increase in real GDP in the first quarter reflected positive contributions from personal consumpt...

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ISM: Manufacturing Activity Increased in April

18 HOURS AGO

Manufacturing expanded in April as the PMI registered 50.8%, a decrease of 1% from the March reading of 51.8%, indicating growth in manufacturing for the second consecutive month, following five consecutive months of contraction in manufacturing.

The Institute of Supply Management (ISM) reports that 15...

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NY Fed Chief: We’re Not Out of the Woods Yet

Not so fast my friend was the message delivered in remarks Monday by Federal Reserve Bank of New York President William C. Dudley.

“The incoming data on the U.S. economy has been a bit more upbeat of late, suggesting that the recovery may be finally establishing a somewhat firmer footing. Real GDP expanded at a 3 percent annual rate in the fourth quarter of 2011, the fastest growth since the first half of 2010. The average monthly gain in nonfarm payroll employment moved up to 256,000 in January and February from 164,000 in the fourth quarter,” said Dudley.

“While these developments are certainly encouraging, it is far too soon to conclude that we are out of the woods. To begin with, the economic data looked brighter at this point in 2010 and again in 2011, only to fade as we got into the second and third quarters of those years.”

To read the full speech click here

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