He expects Merrill's new management, which includes President and Chief Operating Officer Stanley O'Neal, to step up layoffs.

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The firm's chief operating officer, Ray O'Toole, later told the BBC it was possible that it would continue to operate the route if economic conditions improved.

BBC: East Coast rail to be state-run

With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp.

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With enterprise value (stock plus debt minus cash) at just seven times operating income (in the sense of Ebitda), O-I is in line with another big packager, Crown Holdings (95% of it metal), and is cheaper than Ball Corp. (nyse: BLL - news - people ), whose enterprise multiple is nine.

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The division posted y-o-y growth of 27% in revenue and 58% in operating profit in the second quarter of 2012.

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O'HARA: Rice's statement certainly seems to apply to al-Qaeda and foreign insurgents operating in Iraq, but US analysts say that Iraq's home-grown insurgents appear to have a different agenda.

NPR: Command and Control of the Iraq Insurgency

The operating margin however was down slightly to 18.8% compared to 19.7% y-o-y due to increasing competition, the slowdown in Europe and costs related to acquisition of SuccessFactors.

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