Last updateFri, 22 Jun 2018 2pm


Emerson Enters into Supplier Services Agreement with Fluor Corporation

Emerson Process Management has been selected as a preferred supplier of automation and control instrumentation and services to Fluor Corporation. The two have entered into a Supplier Services Agreement to collaborate on development and implementation of processes intended to improve the management and execution of worldwide capital projects.

Source: Emerson

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Sept. Durable Goods Rise by Largest Since June

Orders to U.S. factories for big-ticket manufactured goods posted an unexpectedly strong showing in September — the largest gain in three months — on a surge in demand for airplanes and autos, government data showed Wednesday.

The Commerce Department reported Wednesday that orders for durable goods rose by 0.8 percent, surprising economists who had expected a decline.

Source: Associated Press

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Chain Inaction

The UK's engineering excellence has been relegated to the shadows, perceived by politicians and the public as an economic sideshow. The wider investment community may be more respectful, yet many fund managers still have closed minds: manufacturing, they muse, is now an activity for the developing world.

The UK's pockets of world engineering leadership go beyond Formula 1. Weir Group, for instance, can eyeball any pump manufacturer anywhere, while Rotork's reputation as a valve manufacturer is unblemished. Fenner is a global leader in industrial belting, Rolls-Royce in aero engines and IMI in process plant and beverage dispensers.

Source: Interactive Investor

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Consumer Confidence Plunges to Lowest on Record

Layoffs, plunging home prices and tumbling investments have pushed consumer pessimism to record levels in October, a private research group said Tuesday. Wall Street shook it off, though, focusing instead on higher global markets amid optimism the Federal Reserve will ease interest rates further.

Source: Reuters

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Engler Poses Transatlantic Free Trade Agreement

National Association of Manufacturers President John Engler called for in-depth study of a “Transatlantic Free Trade Area” between either the European Union and the United States or the EU and the North American Free Trade Agreement nations.

In an address to Voka, the Flanders Chamber of Commerce and Industry, Engler said that despite the rise of China, India and other emerging economies, the U.S. and EU together account for 56 percent of Gross World Product.

Source: NAM

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