On a GAAP basis, ITT Corporation delivered revenue of $588 million in the fourth quarter of 2016, reflecting a 12% decline that included a 2% negative impact from foreign exchange. GAAP segment operating income
In the Industrial Process segment, total revenue decreased 29% to $212 milli...
BHP Billiton has approved expenditure of $2.2 billion for its share of the development of the Mad Dog Phase 2 project in the Gulf of Mexico. During the fourth quarter of 2016, BP, which holds a 60.5% participating interest, sanctioned the Mad Dog Phase 2 project.
The index for current manufacturing activity in eastern Pennsylvania, southern New Jersey and Delaware increased from a reading of 23.6 in January to
43.3 this month
and has remained positive for seven consecutive months. The share of firms reporting growth continues to increase: More than 48% of the ...
in January following a 0.6% increase in December. In January, manufacturing output moved up 0.2%, and mining output jumped 2.8%. The index for utilities fell 5.7%, largely because unseasonably warm weather reduced the demand for heating. At 104.6% of its 2012 avera...
Flowserve Corp. has signed a sole source agreement with Shell for control valves and related instrumentation. According to this Enterprise Framework Agreement, which was signed in the fourth quarter of 2010, Flowserve has been selected as the sole source provider for general service control valves covering upstream and downstream operations for both capital projects and maintenance, repair and operations services.