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 announced the recent opening of a new Learning Resource Center in Desio, Italy. Under the direction of Flowserve Educational Services, this new state-of-the-art facility is designed to offer plant engineers, operators, reliability experts and maintenance technicians with a balanced combination of hands-on training and operational theory for pump, seal and valve equipment and systems.