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IIoT and Automation Spend in the Oil & Gas Industry Set to Grow, Perle Confirms
2015-05-27 12:31:13| Industrial Newsroom - All News for Today
Network Connectivity solutions enable Oil Gas Titans to improve efficiency preserve margins. NASHVILLE, TN Low crude oil prices have reduced rig contract signings, headcounts, drilling and exploration for most companies in the oil and gas industry. However, in the Oil and Gas Digital and Technology Trends Survey...
ADM Can Grow Medium-Term Earnings Power To $4.50 Per Share, CEO Luciano Says
2015-05-27 08:30:41| Agriculture - Topix.net
TERM EARNINGS POWER TO $4.50 PER SHARE, CEO LUCIANO SAYS May 26, 2015 Source: ADM news release Archer Daniels Midland Company CEO Juan Luciano said today that further progress on the company's strategic plan of optimizing the core, driving operational efficiencies and growing strategically-coupled with a balanced approach to capital allocation-could drive the company's medium-term earnings power well above the $3.00 level. Speaking at BMO's 2015 Farm to Market Conference in New York, Luciano said, "Under normal crop conditions-given the investments and cost-reductions we've made-we expect the company to be able to generate ROIC of about 10 percent and an earnings-power range of between $4.00 and $4.50 per share in the medium-term."
Lydalls Sales Grow
2015-05-27 07:00:00| Nonwovens Industry Breaking News
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Whirlpool Continues to Grow Through Acquisitions
2015-05-26 02:20:29| Appliances - Topix.net
Whirlpool recently entered into an agreement to acquire American Dryer Corporation, a privately held manufacturer and marketer of coin-operated, on-premise, industrial and specialty laundry equipment company. The planned acquisition gives Whirlpool Corporation's commercial laundry business a platform to reach new markets and channels, while building on a strong foundation of industry-leading innovation, quality, and service.
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Inpex, Chevron facing delays as worries grow on LNG start-ups
2015-05-24 22:05:50| Oil & Gas - Topix.net
The start-up date for the $34 billion Ichthys liquified natural gas project, which will have an onshore processing site near Darwin, could be delayed until 2017. Japan's Inpex Corporation is thought to be struggling to keep its $US34 billion Ichthys liquefied natural gas project in northern Australia on schedule because of bottlenecks at a South Korean shipyard that is manufacturing a massive offshore platform.
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