NEW YORK— Lawyers representing about 1,500 homeowners hit by Superstorm Sandy are trying to prove that some engineering firms hired to inspect the damage issued bogus reports to give insurance companies ammunition to deny claims. Most were merely processing claims on behalf of the Federal Emergency Management Agency; none of their own money was at stake.» Read More
BOSTON-- Massachusetts regulators in 2004 proposed a formal reprimand for a company now linked to deadly meningitis outbreak, but they never delivered it after the company protested the reprimand could be "fatal to the business."
HIGH FLIER: US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer season. MERGER IN MIND: The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.
NORTH SIOUX CITY, S.D.-- Lawyers for ABC News are asking to have a defamation lawsuit against the company filed by a South Dakota beef processing plant transferred from circuit court to federal court. Beef Products Inc. sued ABC News Inc. for defamation over its coverage of a meat product that critics dub "pink slime."
INDIANAPOLIS-- Angie's List posted a wider loss in the third quarter due to hefty advertising spending, but succeeded in attracting hundreds of thousands of new subscribers to its online business ratings and reviews, boosting revenue by 75 percent. Shares rose $1.21, or more than 13 percent, to $10.30 in after-hours trading on the news.
*BBC rocked by accusations of abuse by former TV host. LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.
WELLINGTON, New Zealand-- Nearly two years after an explosion at a New Zealand coal mine killed 29 miners, the mine's boss has pleaded not guilty to 12 charges of violating labor laws. Peter Whittall entered the pleas on Thursday in a New Zealand court.
FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.
December crude fell 94 cents, or 1.08 percent, to settle at $85.73 a barrel, the lowest settlement since July, having traded from $84.94 to $87.47.
BOEING DELIVERS: Boeing is on track to meet delivery targets for the year, and on Wednesday raised its profit guidance and reported a better-than-expected profit for the third quarter. PULSE OF PRODUCTION: Boeing has sped up production, aiming to get some of its newest planes out the door faster.
*Third-quarter net profit up to C $1.30/ shr from C $1.10. TORONTO, Oct 24- Canadian Pacific Railway Ltd said on Wednesday its quarterly profit rose 20 percent on cost cuts and efficiency improvements mostly introduced by a new chief executive who has vowed to shake up Canada's second-largest rail operator.
CONFUSED INVESTORS: Shares of IAC/InterActiveCorp declined Wednesday amid investor confusion over the company's 2013 guidance following a mistake by a financial-information provider.
DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.
BYE-BYE: Best Buy said Wednesday two executives, including its U.S. president, are leaving the company. Shares of Best Buy fell in after-hours trading. Joly plans to give his assessment of Best Buy's prospects at the company's Nov. 1 meeting.
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, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.
SILVER SPRINGS, Md.-- Choice Hotels International Inc. said Wednesday that its third-quarter net income jumped 5 percent to beat expectations and it issued better-than-expected full year forecast. Choice Hotels said its net income increased to $44.4 million, or 76 cents per share, for the period that ended Sept. 30.
NEW YORK, Oct 24- U.S. stocks briefly dipped into negative territory and then inched higher on Wednesday after the Federal Reserve, in its latest policy statement, stuck to its stimulus plan. The Fed also repeated its vow to keep rates near zero until mid-2015. The Nasdaq Composite Index was up 1.96 points, or 0.07 percent, at 2,992.42.
Credit Suisse Securities LLC, BofA Merrill Lynch and Leerink Swann LLC will act as joint managers. The company hopes to file in late 2013, triggering a 10- month review process by the FDA. The FDA refused to approve the drug in February 2011.
*Several brokerages raise price targets on Facebook shares. Oct 24- Facebook Inc's shares headed towards their biggest one-day jump on Wednesday after the company reported a surprising rise in mobile advertising, easing concerns it was having trouble capitalizing on soaring use of smartphones and tablets.
*Sees no impact from Southern Copper judgment. MEXICO CITY, Oct 24- Mexican copper miner and railroad operator Grupo Mexico reported a third-quarter profit on Wednesday of $311 million, down 54 percent on a double-digit fall in metals prices. Grupo Mexico files results to the Mexican stock exchange in dollars.