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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • Sept 4- Wall Street's top banks still expect the Federal Reserve to raise interest rates this year, but their conviction around a September hike has decreased notably in the last month due to volatility in global markets, according to a Reuters poll conducted on Friday. By comparison, just 7 dealers now see a rate increase coming this month, whereas 13 had expected...

  • *Iran paid $87 mln for Romanian rig to bypass sanctions. DUBAI, Sept 4- Four years after Iran spent $87 million to buy an oil drilling rig that was never delivered, the broker in the deal has given his side of a story he describes as a cautionary tale for Western investors impatient for an end to sanctions. Over the last several months, "the case of the missing rig" has...

  • LONDON, Sept 4- China's battered stock markets reopen on Monday after a two-day public holiday and before a monthly data dump that could reinforce fears of a hard landing, rattling the global economy. The International Monetary Fund warned Group of 20 finance ministers and central bankers this week that China's slowdown and rising financial market...

  • CAPE CANAVERAL, Fla., Sept 4- Boeing Co took the wraps off an assembly plant on Friday for its first line of commercial spaceships which NASA plans to use to fly crews to the International Space Station starting in 2017, officials said. NASA is paying up to $4.2 billion for a Starliner test flight and up to six missions to the station. NASA previously contributed $621...

  • NEW YORK— Get in your bids fast. The trade publication Advertising Age reported this week that CNN is asking for up to $200,000 for a 30- second ad during the debate, a price comparable to slots in popular entertainment shows on the broadcast networks. Interest was strong among advertisers even before Fox News Channel showed the first debate on Aug. 6, said Allie...

  • WASHINGTON— U.S. hiring is hot in health care and hospitality. Health care and social assistance employers added more than 56,000 jobs in August, led by hospitals and health service providers. The social assistance category, which includes child and elderly care, gained nearly 16,000..

  • The company, owned by private equity firm Apollo Global Management LLC, did not name the underwriters for the IPO in its filing with the U.S. Securities and Exchange Commission. Reuters reported earlier this week that McGraw-Hill Education had hired Credit Suisse Group AG and Morgan Stanley to lead the IPO, which was expected to value the company between $5...

  • TORONTO— The Supreme Court of Canada has dismissed an attempt by oil giant Chevron to block Ecuadorian villagers from using an Ontario court to collect billions in damages over rainforest pollution. In February 2011, a judge in Ecuador issued an $18 billion judgment against Chevron in a lawsuit brought on behalf of 30,000 residents. The judgment was for...

  • Sept 4- Mozilla, creator of the Firefox web browser, said hackers had stolen security-sensitive information from Bugzilla, its bug tracker, and used it to "attack" Firefox users. A version of Firefox, the world's second-largest browser by users, released on Aug. 27 fixed all the vulnerabilities the hacker learned about and could have used to harm its web browser...

  • GUATEMALA CITY, Sept 4- Enough documentary evidence exists to prove former Guatemalan President Otto Perez's involvement in a corruption scandal, the head of a powerful U.N.-backed anti-graft body which helped topple the leader and will scrutinize his wealth said. "We're going to investigate everything," Ivan Velasquez, head of U.N.-backed International...

  • ORANGE, Calif.— Chapman University and Arco say they have reached an out-of-court settlement resolving a lawsuit accusing the oil company of selling property in Orange, California, that was contaminated with toxic chemicals. The Orange County Register reported Friday that Chapman purchased the property in 1998. It was once the site of the city of Orange's...

  • KANSAS CITY, Mo.— The headquarters of Kansas City- based Applebee's Neighborhood Grill and Bar is moving to California. The Kansas City Star reports that a statement from DineEquity Inc., the California company that owns the Applebee's and IHOP chains, said the move to Glendale, California, is aimed at spurring brand growth and developing traditional and...

  • NEW YORK, Sept 4- The dog days of summer turn out to have quite a bite, as investors have been roiled by the longest bout of volatility in U.S. equities in four years. A combination of nerve-wracking events- weak data out of China, uncertainty over the Federal Reserve's plans for raising interest rates, and leveraged bets by hedge funds that went the wrong way resulted...

  • CLEVELAND— A reputed member of New York's Gambino crime family and former son-in-law of John Gotti pleaded not guilty Friday in what authorities say is a multimillion- dollar scam involving scrap metal and stolen cars. Carmine "The Bull" Agnello, of Bentleyville, entered the pleas in Cuyahoga County Common Pleas Court to charges including conspiracy, theft and...

  • *Caterpillar falls after broker downgrade. Sept 4- U.S. stocks were down in afternoon trading on Friday as a mixed August jobs report did little to quell investor uncertainty over whether the Federal Reserve will increase rates by mid-September. "With this jobs report, in which below-expectation job creation in August is offset by several factors- including a...

  • Sept 4- Mozilla, creator of the popular Firefox web browser, said hackers had stolen security-sensitive information from Bugzilla, its bug tracker, and used it to "attack" Firefox users.

  • Sept 4- Google Inc expects to return to mainland China as early as this fall following a five-year absence, tech website The Information reported on Friday. The company hopes to get Chinese government approval for a China version of its Play store mobile app, The Information reported, citing people familiar with the plan. The Play store app will only work on...

  • MOZILLA SAYS "SOMEONE WAS ABLE TO STEAL SECURITY-SENSITIVE INFORMATION" FROM "BUGZILLA".

  • Secretary of the Commonwealth William Galvin said he has asked BNY Mellon and six of the largest fund companies affected how the technical glitch in fund accounting impacted individual investors. BNY Mellon roiled about 5 percent of the U.S. fund industry last month when one of the accounting systems it relies on to generate prices for mutual funds and...

  • EAST PALO ALTO, Calif.— Toyota is investing $50 million with Stanford University and the Massachusetts Institute of Technology in hopes of gaining an edge in an accelerating race to phase out human drivers. Instead, Toyota envisions cars becoming gradually smarter and more independent of humans as its own engineers and the research centers at Stanford and MIT...