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  • Silgan 3Q net income nearly flat, revenue dips Wednesday, 24 Oct 2012 | 2:01 PM ET

    STAMFORD, Conn.-- Silgan's third-quarter net income was nearly flat as the packaging products supplier dealt with some charges and tough economic conditions. For the period ended Sept. 30, Silgan Holdings Inc. earned $78.7 million, or $1.13 per share. Wall Street forecast $1.15 billion.

  • Peco Foods announces expansion in Arkansas Wednesday, 24 Oct 2012 | 2:01 PM ET

    BATESVILLE, Ark.-- Peco Foods says it will add 300 jobs in eastern Arkansas by expanding a feed mill in Newark and a processing plant in Batesville. Peco Foods announced the expansion Wednesday alongside local leaders and Gov. Peco Foods is the eighth-largest poultry processor in the United States.

  • *City seen as bastion of loyalty to Assad before uprising. *Businessmen hit by attacks, kidnapping, extortion. AMMAN, Oct 24- Top Syrian businessman Fares Shehabi says he lives in constant fear of being kidnapped by rebels fighting loyalist forces for control of his home city Aleppo.

  • DUBAI, Oct 24- Private equity firms in the Middle East are preparing to exit a range of investments, a sign that asset markets in the region are recovering from the twin blows of Arab Spring uprisings and the global financial crisis.

  • Egypt aims to end late-night shopping to save energy Wednesday, 24 Oct 2012 | 2:00 PM ET

    CAIRO, Oct 24- Business has flourished for Cairo's store owners and itinerant street traders since a popular uprising ushered in 20 months of light-touch law enforcement, but the boom-time may soon be over. Some Cairo store workers welcome the prospect of a shorter working day.

  • U.S. new home sales jump to near 2-1/2 year high in Sept Wednesday, 24 Oct 2012 | 2:00 PM ET

    WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to their highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • *Q3 adjusted EPS 71 cents vs Wall St view 66 cents. Oct 24- Media veteran Barry Diller's IAC/InteractiveCorp breezed past quarterly expectations on the strength of its search businesses such as Ask.com.

  • Boeing benefits from faster airplane deliveries Wednesday, 24 Oct 2012 | 1:59 PM ET

    Boeing is cranking out planes faster, and it's paying off. Boeing has been speeding up production, aiming to get some of its newest planes out the door faster. Boeing's revenue from commercial planes jumped 28 percent to $12.19 billion in the most recent quarter.

  • Man who drove SUV on runway gets 16 months prison Wednesday, 24 Oct 2012 | 1:58 PM ET

    PHILADELPHIA-- A man who drove an SUV onto an airport runway, forcing a passenger jet to abort its landing, was sentenced Wednesday to 16 months in prison and must pay $92,000 in restitution. Kenneth Mazik, 25, of Chadds Ford, crashed through a gate on March 1 and led police on a runway chase at speeds topping 100 mph.

  • Dr. Pepper Snapple 3Q profit up, revenue flat Wednesday, 24 Oct 2012 | 1:58 PM ET

    PLANO, Texas-- Dr. Pepper Snapple Group Inc.' s net income climbed 16 percent in the third quarter as the company continued to raise prices. The company, which makes 7 Up, Sunkist, Mott's and other drinks, earned $179 million, or 84 cents per share, for the three months ended Sept. 30. That's up from $154 million, or 71 cents per share, a year ago.

  • Oct 24- Kennametal Inc's quarterly profit missed Wall Street estimates by a wide margin on Wednesday and the industrial toolmaker cut its sales and earnings outlook for the full year, citing slowing economies.

  • GM unveils redesigned V8 engine for 2014 Corvette Wednesday, 24 Oct 2012 | 1:48 PM ET

    Oct 24- General Motors Co said the redesigned 2014 Chevrolet Corvette that goes on sale next year will get a new 450- horsepower V8 engine. The engine, designated LT1, displaces 6.2 liters and is the fifth generation of GM's ``small block'' V8 engine family.

  • Commercial Metals returns to profit in 4Q Wednesday, 24 Oct 2012 | 1:47 PM ET

    IRVING, Texas-- Commercial Metals returned to a profit in its fiscal fourth quarter, helped by lower costs. Revenue fell 16 percent to $1.88 billion from $2.24 billion, which missed Wall Street's estimate of $2.02 billion. For the full year, Commercial Metals Co. earned $207.5 million, or $1.78 per share.

  • UPDATE 1-Visa hires JPMorgan's Charles Scharf as CEO Wednesday, 24 Oct 2012 | 1:43 PM ET

    Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive. Scharf is currently managing director at One Equity Partners, which manages $10 billion of investments and commitments for JPMorgan Chase.

  • UPDATE 2-China to approve only a few new reactors by 2015 Wednesday, 24 Oct 2012 | 1:41 PM ET

    *France's Areva, Japan's Toshiba could benefit. BEIJING, Oct 24- China will approve a small number of new nuclear reactors before 2015 to be built only in coastal regions, the government said on Wednesday, as it unveiled a raft of measures to spur private investments in energy.

  • WASHINGTON, Oct 24- General Dynamics Corp on Wednesday said uncertainty about future U.S. defense budgets affected government orders in its shorter-cycle businesses in the third quarter, driving the number of bids awaiting awards to record levels.

  • *Ireland set for return to modest economic growth. LONDON, Oct 24- The euro zone's most vulnerable economies, particularly Spain, face a much tougher 2013 than thought just three months ago, marked by prolonged recession and ever-rising unemployment, a Reuters poll showed on Wednesday.

  • Oilfield operator RPC's 3Q profit falls 21 percent Wednesday, 24 Oct 2012 | 1:35 PM ET

    ATLANTA-- Oilfield-services provider RPC Inc. said Wednesday that third-quarter earnings fell 21 percent and revenue declined on lower natural gas prices. Net income in the quarter was $66 million, or 30 cents per share, compared with $83.1 million, or 38 cents per share, a year earlier.

  • NEW YORK, Oct 24- U.S. stocks opened higher on Wednesday as strong results from Boeing Co and positive data from China eased concerns about sluggish global growth. Boeing rose 2.1 percent to $74.51. The Nasdaq Composite Index was up 19.55 points, or 0.65 percent, at 3,010.01.

  • Trustmark profit rises as bad loans fall Wednesday, 24 Oct 2012 | 1:32 PM ET

    JACKSON, Miss.-- Trustmark Corp. says profit in the third quarter of 2012 rose 10.9 percent from the same three months of 2011, as it paid less interest on deposits and set aside less money to cover future bad loans.