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...
Emerson Process Management sales moved positive, up 2 percent in the quarter, which included a 1 percent underlying sales decrease, a 2 percent favorable impact from acquisitions and a positive currency impact of 1 percent. Segment margin improved to 20.6 percent, increasing 5.8 points from 14.8 percent in the prior year quarter, driven primarily by cost reductions, positive mix, lower restructuring expense and foreign currency transactions.