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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

Halliburton and Baker Hughes Abandon Proposed Merger Agreement

-1 DAYS AGO  |  Chris Guy

Halliburton and Baker Hughes announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2...

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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

22 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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Halliburton and Baker Hughes Abandon Proposed Merger Agreement

-1 DAYS AGO

Halliburton and Baker Hughes announced that the companies have terminated the merger agreement they entered into in November 2014, effective April 30, 2016.

“This was an extremely complex, global transaction and, ultimately, a solution could not be found to satisfy the antitrust concerns of regul...

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Energy Sector Weighs on Construction Starts

5 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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U.S. Economy Grew 0.5% in First Quarter

3 HOURS 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

22 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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Obama Retreats from Goal of Cap-Trade Bill

President Barack Obama said for the first time Tuesday that legislation that would require industries to pay for emissions of greenhouse gases may need to be separated from a more popular "green jobs" bill in the Senate, a maneuver that could kill what once had been one of the administration's top policy priorities.

Answering a participant in a town-hall meeting in Nashua who asked about green jobs—those connected to renewable energy—and so-called cap-and-trade legislation, Mr. Obama said, "The only thing I would say about it is this: We may be able to separate these things out. And it's possible that that's where the Senate ends up."

Source: Wall Street Journal

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