Caterpillar put a lid on costs in the fourth quarter, pushing profits higher despite an 8% decline in revenue. The strong profits, however, were overshadowed by an uncertain take on the year ahead with global growth slowing.
The New York Power Authority Board of Trustees has approved $52 million for the final phase of construction for new digital communication systems on the authority’s transmission lines, improving the efficiency and reliability of the state electricity system.
Facebook may not be known as a gaming site, but gaming is highly popular on Facebook, estimate 102 million users on Facebook game on the website. China has launched a mental health resourceful game to target addicted gamers since gaming has become to poplar.
The state enacted legislation this week establishing a regulatory framework for the production and sale of hemp and hemp extract in New York State. The measure also requires the hemp industry to test and label their products, protecting consumers from potential harm. The governor also announced that New York state will host a hemp summit in January to further develop policies and priorities related to this burgeoning industry.
Two bills introduced in the Legislature late last month would compel state agencies and contractors — both public and private — to recycle 50 percent of the waste generated on all construction and demolition sites in New York state.
The New York State Energy Research and Development Authority has announced an award to Dandelion Energy in support of new drilling technology that will enable ground-source heat pumps — also called geothermal systems — to be installed faster than traditional equipment while reducing costs for homeowners by 20 percent.
New York Governor Andrew Cuomo co-hosted the Regional Cannabis Regulation and Vaping Summit in New York City on Thursday, with Connecticut Governor Ned Lamont, New Jersey Governor Phil Murphy and Pennsylvania Governor Tom Wolf. Joined by legislative leaders and officials from New York, Rhode Island, Massachusetts, Pennsylvania and Connecticut, the governors discussed a joint regional approach to cannabis and vaping legislation and policies.
U.S. factory activity shrank in August for the first time since August 2016, a sign that the trade war with China is weighing down a crucial sector of the economy. The Institute for Supply Management, an association of purchasing managers, said Tuesday that its manufacturing index slid to 49.1 last month, from 51.2 in July. Any reading below 50 signals a contraction. That's the lowest for the index since January 2016.