Roundup: Bernanke praises Fed's move to transparency; Emerson snags $11M contract; more
Bernanke praises Fed's move to transparency
Federal Reserve Chairman Ben Bernanke said increasing the Fed's openness and accountability has been a top priority of his during the eight years he has been leader of the central bank. Bernanke said the Fed, which is marking its centennial this year, was reluctant during its early years to explain its actions or otherwise engage with the public. But he said that began to change in the 1990s and the process has accelerated during his time as chairman. Bernanke spoke at a town hall meeting the Fed held Wednesday night with teachers gathered in Washington and participating by webcast across the country. It was the third teacher town hall meeting for Bernanke, who will be stepping down as Fed chairman on Jan. 31.
Emerson lands $11M contract
Emerson Process Management said on Wednesday it was awarded an $11 million contract by Daelim Industrial Co. Ltd. to supply control systems for the two, 1,050-megawatt, coal-fired power-generation units Daelim is constructing in South Korea. Based in O'Hara, Emerson Process Management employs almost 600 people in the Pittsburgh area. The South Korea contract was reached a day after Emerson was awarded a $21 million contract by PGE Górnictwo I Energetyka Konwencjonalna SA to modernize control and monitoring systems and electrical systems on a 370-megawatt, thermal power generation unit in Poland. Neither of the contracts will result in any local hiring, Emerson spokeswoman Amy Schlemmer said.
ExOne narrows quarterly loss
ExOne Co. of North Huntingdon, a maker of 3-D printers, on Wednesday said it lost $224,000, or 2 cents a share, in its third quarter ended Sept. 30, compared to a loss of $5.9 million in the same period a year ago, before it sold stock to the public on Feb. 6. Revenue increased to $11.6 million vs. $8.5 million a year ago, with 3-D printing machines representing 67 percent of sales, increasing by 50 percent from a year ago. ExOne reported losses in the first and second quarters of this year. A first-quarter loss of $1.9 million was tallied on revenue of $7.9 million. In August, it reported a second-quarter net loss of $1.12 million on revenue of $9.23 million. CEO S. Kent Rockwell said ExOne continues to execute its strategic plan of increasing machine sales and expanding production capacity. Shares of ExOne fell $1.15, or 1.95 percent, to $57.85 in after-hours trading.
— Staff and wire reports
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Penguins pushing to sell playoff tickets
- Missing Sewickley teen found safe
- Sanchez odd man out with Pirates recalling Stewart
- Penguins stars Crosby, Malkin enduring playoff slump
- Marte’s bat, Worley’s arm show improvement in Pirates win
- Steelers visit with Arizona State receiver Strong, claim long snapper
- Highmark asks patients to ‘Meet Dr. Right’
- 2 from Carrick charged in connection with rash of heroin overdoses
- Stakes raised for Pitt spring game
- Charges mount for rowdy Monongahela drug suspect
- Top 30 guard shooting Heron decommits from Pitt