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  • *Southwestern to buy assets in Marcellus and Utica shale fields. Oct 16- Southwestern Energy Co said it would buy some oil and gas assets in the Marcellus and Utica shale fields in West Virginia and Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The deal is positive for Chesapeake and other Utica and Marcellus shale players as it marks the...

  • *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that helped ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • Crown beats Street 3Q forecasts Thursday, 16 Oct 2014 | 5:24 PM ET

    PHILADELPHIA _ Crown Holdings Inc. on Thursday reported third-quarter profit of $244 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share. Analysts expected $2.58 billion, according to Zacks.

  • *Netflix tumbles after quarterly results. NEW YORK, Oct 16- The S&P 500 and Nasdaq eked out slight gains after another choppy session on Thursday as economic data eased fears about the potential effect of a weakening global economy on the United States. Providing some support to the market, St. Louis Federal Reserve Bank President James Bullard told Bloomberg...

  • *Economists eye changes to Fed policy statement due Oct. 29. Oct 16- The Federal Reserve is likely to reassure investors later this month that it won't stand idle if global turbulence threatens the U.S. economy, but a proposal from one top policymaker to keep on buying bonds looks to be a bridge too far. James Bullard, who heads the St.

  • Netflix and Baker Hughes are big market movers Thursday, 16 Oct 2014 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Chesapeake Energy Corp., up $3.02 to $20.79. The energy company is selling drilling assets in West Virginia and Pennsylvania to Southwestern Energy Co. for $5.4 billion.

  • James Bullard, president of the St. Encouraged by strengthening U.S. growth and falling unemployment, the Fed has incrementally tapered its bond buying program from $85 billion originally to $15 billion this month. It was set to shutter the program at a policy meeting Oct. 28-29, a plan that Fed Chair Janet Yellen may well stand by.

  • Sears Grand store closing at Pittsburgh-area mall Thursday, 16 Oct 2014 | 11:24 AM ET

    TARENTUM, Pa.— Sears says it is closing its Sears Grand store at a mall near Pittsburgh, idling 97 workers there. The stories located at the Galleria at Pittsburgh Mills in Frazer Township. That's about 20 miles northeast of Pittsburgh along Route 28.

  • WRAPUP 3-Data show U.S. economy's pulse is still strong Thursday, 16 Oct 2014 | 10:59 AM ET

    *Industrial output posts biggest gain since November 2012. WASHINGTON, Oct 16- The number of Americans filing new claims for jobless benefits fell to a 14- year low last week and industrial output rose sharply in September, positive signals that could help ease fears over the economic outlook. Initial claims for state unemployment benefits dropped 23,000 to...

  • Factories in Philadelphia area grow more slowly Thursday, 16 Oct 2014 | 10:33 AM ET

    WASHINGTON— A measure of factory activity in the Philadelphia region slipped last month, but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity slipped to 20.7 from 22.5 in September.

  • Oct 16- Chesapeake Energy Corp said it would sell some oil and gas assets in Marcellus and Utica shale fields in West Virginia and Pennsylvania to Southwestern Energy Co for about $5.37 billion, sending its shares up 5.8 percent premarket. Southwestern, which already has assets in Fayetteville shale and northeastern Pennsylvania Marcellus, is adding acreage...

  • PPG Industries tops 3Q profit expectations Thursday, 16 Oct 2014 | 8:21 AM ET

    PITTSBURGH _ PPG Industries Inc. on Thursday reported third-quarter earnings of $371 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.75 per share. Analysts expected $3.98 billion, according to Zacks.

  • SW Energy snaps up assets in Marcellus, Utica Thursday, 16 Oct 2014 | 7:43 AM ET

    HOUSTON— Southwestern Energy will spend about $5.38 billion to acquire drilling assets in West Virginia and southwest Pennsylvania now owned by Chesapeake Energy. Southwestern said Thursday that by 2017' s end it estimates the reserve mix to be approximately one third each for the Fayetteville, northeast Marcellus and the newly acquired West Virginia and...

  • Oct 16- Oil and gas producer Southwestern Energy Co said it would acquire certain oil and gas assets in Marcellus and Utica shale fields in West Virginia and southwest Pennsylvania from Chesapeake Energy Corp for about $5.37 billion. The acquired assets include 256 operated and producing wells and 179 non-operated wells. Average net daily production from...

  • GE Transportation to make Indonesia locomotives Thursday, 16 Oct 2014 | 5:52 AM ET

    The Erie Times-News reports that while orders for most North American customers are built in Texas, the locomotives to be delivered in 2015 and 2016 will be built at the company's Lawrence Park Township plant. Scott Duke, president of Local 506 of the United Electrical, Radio and Machine Workers of America, which represents about 3,200 workers at the Erie plant,...

  • West Pharmaceutical CEO to retire next year Wednesday, 15 Oct 2014 | 9:50 AM ET

    NEW YORK— West Pharmaceutical Services Inc. said Wednesday that its longtime CEO Donald Morel plans to retire in May. The company, based in Exton, Pennsylvania, said it expects third-quarter earnings of 43 cents per share, matching what analysts expected, according to FactSet. For the full year, it now expects earnings between $1.77 per share and $1.82 per share.

  • Medgenics posts 3Q loss Wednesday, 15 Oct 2014 | 8:00 AM ET

    WAYNE, Pa. _ Medgenics Inc. on Wednesday reported a loss of $3 million, or 21 cents per share, in its third quarter. Medgenics shares have dropped almost 10 percent since the beginning of the year. This story was generated by Automated Insights using data from Zacks Investment Research.

  • IGate beats Street 3Q forecasts Wednesday, 15 Oct 2014 | 7:00 AM ET

    PITTSBURGH _ IGate Corp. on Wednesday reported profit of $37.3 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Analysts expected $321.7 million, according to Zacks.

  • PNC Financial Services beats Wall Street 3Q forecasts Wednesday, 15 Oct 2014 | 6:51 AM ET

    PITTSBURGH _ PNC Financial Services Group Inc. on Wednesday reported third-quarter profit of $1.04 billion. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share. Analysts expected $3.77 billion, according to Zacks.

  • Healthcare Services reports 3Q loss Tuesday, 14 Oct 2014 | 5:21 PM ET

    BENSALEM, Pa. _ Healthcare Services Group Inc. on Tuesday reported a third-quarter loss of $22.2 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Analysts expected $329.8 million, according to Zacks.