Industrials

About 6.2 million homes and businesses in 16 states remained without power on Wednesday as utilities scrambled to restore service disrupted by Hurricane Sandy.

Lumber futures soared on Wednesday in the aftermath of monster storm Sandy, which ravaged homes along the U.S. East Coast.

A powerful earthquake off the coast of Canada prompted a tsunami warning that sent thousands fleeing to higher ground in Hawaii late Saturday. Evacuation orders were canceled, however, after a series of weaker-than-expected waves rolled through. 

Owens Corning took an axe to its 2012 earnings targets due to trouble for its roofing and composite businesses, marking the second downgrade in just two months.

The shipping giant plans to hire the same amount of seasonal workers as last year to handle the expected 13% increase in holiday shipping volume.

The toy company posted declines in third-quarter earnings as sales slowed in Europe and Asia.

Activist shareholder Carl Icahn plans to announce a slate of nominees to Oshkosh's board later this week and stood by his $32.50-a-share takeover offer.

The world's largest custody bank posted stronger net income and said assets under management soared to a record.

The custody bank and wealth manager reported net income of $178.8 million, or 73 cents for the quarter.

Newell Rubbermaid is cutting about 2,000 jobs to save between $180 million and $225 million annually in costs.

The world's biggest soft-drink maker reported mixed results on Monday.

Industrial output posted a sharp rebound from a downwardly revised drop the previous month.

Consumer prises increased 0.6% last month as the cost of gasoline jumped 7%. A measure of underlying inflation, however, was relatively muted at an increase of 0.1%.

Reliance Steel & Aluminum has acquired Sunbelt Steel Texas for an undisclosed amount of money to grow its exposure to specialty products.

Blue-chip conglomerate 3M reached a deal to scoop up advanced-ceramics maker Ceradyne for $860 million.

Carried by higher prices and rising sales, egg producer Cal-Maine Foods said it more than tripled its fiscal first quarter profits.

Procter & Gamble revealed a 6.9% decline in fiscal first-quarter profits amid the slowing global economy, but the maker of Duracell batteries and Bounty paper towels managed to exceed Wall Street’s expectations.

The largest U.S. weapons manufacturer saw its third-quarter earnings jump 11%, handily topping expectations, and raised its full-year outlook.

United Technologies cut its sales forecast for the year, citing weak demand from airlines and an uncertain economy.

The diversified manufacturer reported a 6.7% rise in profit, but cut its fiscal 2012 profit outlook and missed sales expectations.