Operations | Industrial Equipment News (IEN)

Productivity Construction Ap

Productivity Declines Most in Nearly 40 Years

In the short term, productivity is likely to continue swinging wildly.

I Stock 926069614

Corporate Profits On the Rise for 1st Time Since Pandemic Began

Earnings for the largest S&P 500 companies are on track to be up 4 percent year-over-year, far better than the 10 percent decline that was expected.

Bill Magness, President and CEO of the Electric Reliability Council of Texas (ERCOT), testifies as the Committees on State Affairs and Energy Resources hold a joint public hearing to consider the factors that led to statewide electrical blackouts, Thursday, Feb. 25, 2021, in Austin, Texas. The hearings were the first in Texas since a blackout that was one of the worst in U.S. history, leaving more than 4 million customers without power and heat in subfreezing temperatures.

Texas Power Grid CEO Fired

He becomes the second senior official to depart in the wake of the one of the worst blackouts in U.S. history.

In this Wednesday, Sept. 30, 2015, photo, motorists get gas at a station in Sacramento, Calif. A Northern California city has become what's believed to be the first in the country to ban all new gas stations in an effort to curb emissions. The San Francisco Chronicle reports that the Petaluma City Council voted unanimously Monday, March 1, 2021, to prohibit the creation, expansion, reconstruction and relocation of gas stations.

California City Bans New Gas Stations

It's believed to be the first in the nation to do so.

In this file photo taken before the coronavirus pandemic restrictions, people stand outside the headquarters of the Organization of the Petroleum Exporting Countries, OPEC, in Vienna, Austria.

OPEC Cartel, Allies Face Decision on Increasing Output

Caution about more production faces a different outlook from Russia, which has been an advocate for more supply.

Gm Ap21063491508471

GM Looking to Build Second U.S. Battery Factory

Officials wouldn't say where the company is looking to build, but it's likely to be near their Spring Hill, Tennessee factory complex.

In this file photo, a person looks inside the closed doors of the Pasadena Community Job Center.

Jobless Claims Tick Up as Layoffs Remain High

An estimated 18 million people are collecting some form of jobless aid.

Robert Willig Medium Res

SME Names New CEO

Gavel On Sounding Block 000042143500 Small

Exxon Mobil to Pay $14.25M in Pollution Case

"Exxon has been fighting this case for 11 years now, refusing to take any responsibility for spewing millions of pounds of illegal pollution into Texas communities."

Fiat Chrysler, PSA Profits Dropped Pre-Merger

Fiat Chrysler reported adjusted net profits in the pandemic year down 57% from 2019.

Protesters rally outside the Rio Tinto office in Perth, Australia, on June 9, 2020. Rio Tinto chairman Simon Thompson said Wednesday, March 3, 2021 he was accountable for the mining giant destroying sacred Indigenous sites in Australia to access iron ore and he will not seek reelection as a board director next year.

Rio Tinto Chairman Leaving Over Destruction of Sacred Sites

The two rock shelters in Western Australia had been inhabited for 46,000 years.

In this Feb. 15, 2021, file photo, traffic is sparse on the snow-covered Interstate 45 near The Woodlands Parkway following an overnight snowfall in The Woodlands, Texas. Temperatures plunged into the teens Monday with light snow and freezing rain.

Climate Extremes Threaten Energy Systems Across U.S.

If changes aren't made, frequent disruptions of critical services could become the new norm.