GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *Discovery comes as Egypt struggles to meet energy needs. "Zohr is the largest gas discovery ever made in Egypt and in the Mediterranean Sea and could become one of the world's largest natural-gas finds," it said, adding that it had full concession rights to the area. It also represents a major boost for Egypt, where power cuts caused by gas and oil shortages have often...

  • ATHENS, Aug 31- The appointment of Greek bailout negotiator George Chouliarakis to be finance minister in a caretaker government may help assuage some fears that Greece's bailout programme could go off track while it prepares for elections. Greece is due to hold elections on Sept.20 after former prime minister Alexis Tsipras resigned in a bid to win popular...

  • The deal gives Bristol-Myers access to Promedior Inc's lead experimental drug, PRM-151, which is being tested to treat two types of fibrosis. The only drug approved by the U.S. Food and Drug Administration to treat myelofibrosis is Incyte Corp's Jakafi, which raked in about $258 million in sales for the six months ended June 30. Lexington, Massachusetts- based...

  • TORONTO, Aug 31- Hundreds of thousands of people signed up for infidelity website Ashley Madison in the last week, parent company Avid Life Media said on Monday, even after hackers leaked data about millions of its clients. "Recent media reports predicting the imminent demise of Ashley Madison are greatly exaggerated," the company said in a statement.

  • Shares in the South African division of ArcelorMittal slumped 23 percent in Johannesburg to a 13- year low of 9.01 rand after the news. ArcelorMittal said in a statement that trading conditions had continued to worsen since it started reviewing its long steel business in July, adding that higher South African import duties would only bring relief over the...

  • MADRID— Spanish police say four people are missing and four others have been injured in an explosion at a fireworks factory in northeastern Spain. A police spokeswoman said the blast occurred around 2 p.m. Monday at the Pirotecnia Zaragozana factory in the small town of Pinseque. The officer said police were searching the blast area for the four missing while...

  • Aug 31- U.S. stocks opened lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the possibility of a September rate hike alive.

  • Aug 31- BNY Mellon Corp said it has worked through a backlog of missing prices on about 1,200 mutual funds and exchange-traded funds, more than a week after a software glitch at the world's largest custody bank disrupted pricing for about 5 percent of the U.S. fund industry. BNY Mellon said on Monday it has completed production of system-generated net asset...

  • MOSCOW, Aug 31- Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro will discuss "possible mutual steps" to stabilise global oil prices during a visit to China this week, a Kremlin aide said on Monday.

  • *UK stock market closed for holiday. LONDON, Aug 31- European shares fell on Monday, with Germany's DAX and France's CAC on track for their weakest month for four years, hit by sliding Chinese stocks and prospects of a near-term U.S. interest rate increase. The euro zone's blue-chip Euro STOXX 50 index fell 1 percent going into the close of the trading session, while...

  • RUSSIA'S PUTIN, VENEZUELA'S MADURO TO DISCUSS "POSSIBLE MUTUAL STEPS" TO STABILISE GLOBAL OIL PRICES AS PART OF MOSCOW'S COOPERATION WITH OPEC- KREMLIN.

  • NEW YORK— Bristol-Myers Squibb Co. is paying up to $1.25 billion for the rights to a developing fibrosis drug in a deal that also gives it the right buy drug developer Promedior Inc.. The drug candidate has already been granted special FDA designations allowing for speedier development and a faster review process. Under the terms of the deal, Bristol-Myers...

  • Toshiba delayed announcing its annual financial results on Monday, as new accounting errors prevented the firm from drawing a line under a scandal.

  • BNY MELLON ALSO HAS COMPLETED PRODUCTION OF SYSTEM-GENRATED NET ASSET VALUES FOR EXCHANGE-TRADED FUNDS.

  • TRENTON, N.J.— The federal government says New Jersey should repay it $32 million after an audit found documents were missing in some of the state's submissions for reimbursement. The federal Department of Health and Human Service's Inspector General's Office released the report Monday. The U.S. found similar problems in New Jersey four years ago, when it...

  • BNY MELLON SAYS COMPLETED FRIDAY'S PRICING FOR ALL MUTUAL FUND CLIENTS.

  • NEW DELHI, Aug 31- India's economic growth slowed by more than expected in the quarter to June, according to data released on Monday that will worry Prime Minister Narendra Modi and prompt more urgent calls from his aides for interest rate cuts. While India matched growth in China, the loss of momentum comes just as Modi's image as the country's economic saviour...

  • *Toshiba again delays FY results, aims for Sept 7. *Toshiba was due to announce full-year results on Monday. TOKYO, Aug 31- Toshiba Corp again delayed announcing its annual financial results on Monday, as new accounting errors prevented the company from drawing a line under Japan's worst corporate scandal in four years.

  • Aug 31- Wall Street was set to open lower on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike in September. U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Fed to raise interest rates gradually, Fischer said at the global central banking conference in...

  • ATHENS, Greece _ Star Bulk Carriers Corp. on Monday reported a loss of $65 million in its second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. Four analysts surveyed by Zacks expected $48.3 million.