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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

U.S. Economy Grew 0.5% in First Quarter

-1 DAYS AGO  |  Chris Guy

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...

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Industry Headlines

MRC Global Announces First Quarter 2016 Results

14 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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CIRCOR Reports First-Quarter 2016 Financial Results

18 HOURS AGO

CIRCOR International announced financial results for the first quarter ended April 3, 2016. In the quarter CIRCOR delivered revenue of $151 million and Adjusted EPS of $0.52.

“CIRCOR delivered solid first-quarter financial results , demonstrating ongoing progress on our margin expansion and simpl...

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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

14 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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Manufacturers Expect To Cut More Costs, Jobs

A majority of CFOs at manufacturing companies said they won’t approve employee raises this year, according to a new survey by accounting firm Grant Thornton LLP.

About 71 percent of CFOs and senior comptrollers said they are cutting costs by not giving out raises, and two-thirds said they will trim expenses by reducing head counts through attrition or layoffs.

Source: Kansas City Business Journal

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