The United States has been recovering steadily as China's economy has weakened. China was growing at a double-digit pace in 2010, when the U.S. was still struggling to escape the recession. Now, the U.S. economy has expanded at a four percent annual pace over the past six months.
While the 1,300-plus wells currently on the Fort Berthold Indian Reservation produce roughly a third of North Dakota's daily output, the tribe only receives a fraction of money generated through royalties and a tax-sharing agreement with the state. That's why the four new wells will be important, say tribal councilmen.
The United States exported its highest level of crude oil in 57 years, and since April, crude exports have included modest amounts of Canadian-produced barrels that were moved through the United States and then re-exported to Switzerland, Spain, Italy and Singapore.
The decision to locate the plant in Augusta is a demonstration of the close working relationship between DSM and the State of Georgia. Construction is scheduled to start in Q1 2015 with completion targeted for mid-2016.
The solid increase suggests consumers largely dismissed concerns about slowing global growth and have ignored the sharp swings in financial markets earlier this month. Instead, greater hiring and lower gas prices are boosting their outlook.
The national average price of gasoline has fallen 33 cents in October, landing at $3.00, according to AAA. The average will fall under $3 by early Saturday morning for the first time in four years. When the national average crossed above $3 a gallon in December of 2010, drivers weren't sure they'd ever see $2.99 again.
As industrial growth intensifies in Europe, rising investments in the food and beverage and pharmaceutical industries will bolster the process mixing equipment market in the region. New application areas such as bioreactors, fine chemistry, and vaccine manufacturing will give a further boost to the market.
Talks to guarantee that Russian gas imports flow into Ukraine throughout the winter appeared to be at an impasse Thursday because of doubts over payments from Kiev.
The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.
A growing number of manufacturing companies are bringing their operations back to the United States and they are discovering that cloud based ERP software can help their core functions become more efficient and cost-effective, ultimately driving greater revenue.
As the economy recovers, middle market manufacturing companies are poised to make a big comeback in terms of profitability and as appealing prospects for investors. Changing economic tides, a shortage of sellers and trillions of investor dollars on the sidelines, add up to big opportunities for manufacturing businesses in the middle market today.
Orders to U.S. companies for long-lasting manufactured goods fell for a second month in September, while a key category that signals business investment plans dropped by the biggest amount in eight months.
Officials with U.S. Zinc has announced the company has completed the planned expansion project of their domestic zinc oxide plant in Millington, Tenn., ahead of schedule.
Chomarat has just celebrated the opening of its new 58,500 sq.ft. factory in South Carolina that will specialize in developing the company's advanced composite business.
Polling data released by the Partnership for a Better Energy Future (PBEF), a coalition of 175 members representing nearly every segment of the U.S. economy, finds that Americans have major concerns about the EPA’s proposed greenhouse gas regulations and are unwilling to pay even a dollar more for energy in exchange for these new rules.
Alcoa is selling its stake in a South Carolina aluminum smelter to Century Aluminum Co. for $67.5 million.
It looks like the Obama administration has finally thrown down the gauntlet with companies moving their headquarters overseas. For years, companies have been buying smaller businesses abroad and, in turn, evading taxes. This practice is called inversion, and President Obama seems to be at the end of his rope with it, going so far as to call it an unpatriotic practice...
A federal judge is set to decide whether to close out the case of a legally troubled oil drilling company in Kentucky.
French oil giant Total SA has named Patrick Pouyanne as chief executive to replace Christophe de Margerie, who was killed earlier this week in a plane crash in Moscow.
Dow Chemical Co. (DOW) on Wednesday reported third-quarter earnings of $937 million.
A company that makes industrial lubrication systems could receive state and local incentives to build a new manufacturing plant in the St. Louis area.
Shell Midstream Partners LP filed for an initial public offering that could be worth about $750 million before expenses and discounts.
India freed diesel prices from government control Sunday while raising natural gas tariffs in the biggest-yet reform by Prime Minister Narendra Modi's government, as it aims to boost the country's economy and overhaul its energy sector.
Halliburton Co. (HAL) on Monday reported profit of $1.2 billion in its third quarter.