The June PMI registered 52.6%,
up 9.5%
from the May reading of 43.1%. This figure indicates expansion in the overall economy for the second straight mon...
As the interface between a valve and its control system, positioners play an important role in ensuring reliability and optimal performance in automated process plants.
Surfaces in relative motion or in contact with each other, such as bearing or gear components, produce a frequency response when they interact. This r...
DistributionNOW announced that its board of directors has
appointed
David Cherechinsky
to lead the company as full-time CEO, effective immediately. Cherechinsky, who has served as CFO of the company since 2018, will take over the CEO role from
Dick Alario
, a current board director who stepped in as inte...
As previously reported, Olli Isotalo will serve as president and CEO of Neles Corporation. The Neles board of directors has also
appointed
its CFO Simo Sääskilahti as deputy CEO.
Neles was created in the demerger of the flow control business of Metso Corporation, and trading in Neles stock st...
BP has
agreed to sell
its global petrochemicals business to INEOS for a total consideration of $5 billion, subject to customary adjustments. Under the terms of the agreement, INEOS will pay BP a deposit of $400 million and will pay a further $3.6 billion on completion. An additional $1 billion will be...
U.S. operable atmospheric crude oil distillation capacity increased 0.9% during 2019,
reaching a record
of 19.0 million barrels per calendar day (b/d), up 0.2 million b/d from the previous record of 18.8 million b/d the year before. According to the U.S. Energy Information Administration’s (EIA)...
The June PMI registered 52.6%,
up 9.5%
from the May reading of 43.1%. This figure indicates expansion in the overall economy for the second straight month after April’s contraction, which ended a period of 131 consecutive months of growth.
“June signifies manufacturing entering an expected ...
Total nonfarm payroll employment rose by
4.8 million in June
, and the unemployment rate declined to 11.1%, the U.S. Department of Labor reported. These improvements in the labor market reflected the continued resumption of economic activity that had been curtailed in March and April due to the COVID-...
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