Crane Co. reported second quarter 2016 GAAP earnings of $1.15 per diluted share, compared to $0.95 per share in the second quarter of 2015. Excluding Special Items,
second quarter 2016 earnings
per diluted share were $1.21, compared to $1.06 per share in the second quarter of 2015.
has spoken to sources that confirm Emerson has made an offer to
Pentair Valves & Controls. Pentair Plc added the Valves & Controls division after its merger with Tyco Flow Control in 2012.
“Pentair has received offers for the valves and controls business from companies o...
The Chemical Activity Barometer (CAB) expanded 0.4% in July following a revised 0.7% increase in June, 0.8% increase in May and 0.6% increase in April. All data is measured on a three-month moving average. Accounting for adjustments, the
CAB remains up
2.6% over this time last year, an improvement ove...
SABIC and an affiliate of Exxon Mobil are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast. If developed,
would be located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units.
July data signaled a further rebound in business conditions across the U.S. manufacturing sector, led by a robust expansion of incoming new work and the fastest upturn in production volumes for eight months. Job creation also strengthened in July, with the latest increase in payroll numbers the fast...
Texas factory activity held steady in July, according to business executives responding to the
Texas Manufacturing Outlook Survey
. The production index, a key measure of state manufacturing conditions, came in near zero after two months of negative readings, suggesting output stopped falling this mon...
Tyco International Ltd. announced that its shareholders have approved the spinoffs of its North American ADT business and its flow control business. As a result, the company expects to complete the distributions of equity interests in The ADT Corporation and Tyco Flow Control International Ltd., the wholly-owned subsidiaries formed to hold the North American residential and small business security and flow control businesses, respectively, as scheduled on September 28, 2012 to shareholders of record on September 17, 2012. As previously announced, immediately following the distribution, Pentair, Inc. will merge with and into a wholly-owned subsidiary of Tyco Flow Control.