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Last updateFri, 28 Apr 2017 4pm

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Industry Headlines

U.S. Economy Grew 0.7% in the First Quarter of 2017

Friday, 28 April 2017  |  Chris Guy

Real GDP in the U.S. fell short of expectations, increasing at an annual rate of 0.7% in the first quarter of 2017; this according to the advance esti...

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Industry Headlines

Mueller Water Products Reports 2017 Second Quarter Results

2 DAYS AGO

For its fiscal second quarter ended March 31, 2017, Mueller Water Products’ net sales were up 1.3% to $199.7 million and net income was $73.3 million, or $0.45 per diluted share. Operating income from continuing operations was $10.9 million. The quarter's results included $68.6 million of income...

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Weir Group Reports First Quarter 2017 Results

2 DAYS AGO

The Weir Group's first quarter input was 15% higher than the prior year period with good sequential growth primarily driven by increased activity levels in North American Oil & Gas and strong aftermarket orders in Minerals. Group-wide aftermarket orders were 21% higher than the prior year period w...

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Permian Basin Oil Production Continues to Increase

3 DAYS AGO

Crude oil production in the Permian Basin is expected to increase to an estimated 2.4 million barrels per day in May, based on estimates from the U.S. Energy Information Administration . Between January 2016 and March 2017, oil production in the Permian Basin increased in all but three months, even as...

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East Coast Refiners Eye Texas as Alternative to North Dakota

4 DAYS AGO

“Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to their plants daily from 2013 until 2015. But as more and more pipelines were built in North Dakota, the discount began to disappear, and so did the rail cars,” Reuters repor...

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U.S. Economy Grew 0.7% in the First Quarter of 2017

2 DAYS AGO

Real GDP in the U.S. fell short of expectations, increasing at an annual rate of 0.7% in the first quarter of 2017; this according to the advance estimate just released by the U.S. Department of Commerce. The 0.7% figure, down from 2.1% in the fourth quarter and 3.5% in the second half of 2016, and is...

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Survey Shows Small Business Confidence Increasing

3 DAYS AGO

The second annual Allstate/ Small Business Barometer finds increasing optimism and innovation among small business owners, despite the rising cost of doing business. Nine in 10 local entrepreneurs say the benefits of owning a business outweigh the challenges. This year’s Barometer found that, ...

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Curtiss-Wright Flow Control Awarded $40 Million in Contracts for U.S. Navy Nuclear Powered Ships

Curtiss-Wright Flow Control Company announced today that its Target Rock business unit has been awarded contracts valued in excess of $40 million to provide valves for the U.S. Navy's Virginia-Class submarines, as well as an assortment of spare components for nuclear powered ships. The awards from Bechtel Plant Machinery, Inc. (BPMI) and General Dynamics Electric Boat are the next releases under previously awarded contracts for Virginia-Class Submarines. The BPMI award was supplemented with spare components as an addition to the base contract. The work will be performed at Target Rock's facility in East Farmingdale, NY. Delivery of these components is scheduled for the 2013 through 2017 time frame.

To read the complete announcement click here

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