GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • WASHINGTON, April 21- The U.S. Supreme Court on Monday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • HP says to sell photo sharing service Snapfish Tuesday, 21 Apr 2015 | 10:06 AM ET

    April 21- Hewlett-Packard Co said it would sell its web-based photo sharing service Snapfish to digital imaging company District Photo. Financial terms of the deal were not disclosed. HP, the world's No. 2 PC maker, bought Snapfish for more than $300 million in 2005 and made the company a part of its printing and personal systems group.

  • SUPREME COURT RULES THAT FEDERAL LAW DOES NOT PREVENT STATE ANTITRUST SUITS AGAINST ENERGY COMPANIES OVER NATURAL GAS PRICING.

  • FACTBOX-Key facts about Kazakhstan Tuesday, 21 Apr 2015 | 10:01 AM ET

    April 21- Following are facts about Kazakhstan, which holds a presidential election on Sunday. Kazakhstan's capital Astana is six hours ahead of GMT, but a large part of the country lies on GMT plus five hours. *There are 9.5 million eligible voters in Kazakhstan.

  • U.S. regulator wants better deposit data from big banks Tuesday, 21 Apr 2015 | 10:00 AM ET

    WASHINGTON, April 21- The largest U.S. and foreign banks would need to keep track of deposits better under a plan launched by the Federal Deposit Insurance Corporation on Tuesday, as many lenders have grown and become more complex. It said the FDIC "has often found inconsistent and missing data" in the current records, which the banks need to provide because of an...

  • *Dow components Verizon, DuPont and United Tech beat estimates. *Yahoo, Chipotle, Yum to report after markets close. Mylan rose as much as 9.4 percent to a record high of $74.44 after Israeli drugmaker Teva made an unsolicited offer of $82 per share, in what could be the drug industry's largest takeover this year.

  • BERLIN, April 21- A Greek exit from the euro zone would carry significant risks for the global economy and no one should be under the impression that financial markets have fully priced in such an event, the chairman of the White House Council of Economic Advisers said. The comments by Jason Furman in an interview with Reuters in Berlin are among the strongest by a...

  • COLUMN-Cheaper fuel to boost container shipping: Kemp Tuesday, 21 Apr 2015 | 9:57 AM ET

    LONDON, April 21- Lower oil prices are sharply reducing the cost of shipping merchandise from Asia to the United States and Europe as the cost of bunker fuel tumbles. In September 2008, shortly after oil prices had peaked, shipping lines were adding a surcharge of almost $1,500 to the cost of shipping every 40- foot container between Asia and the West Coast of the...

  • Kazakh leader to extend long rule, promises stability Tuesday, 21 Apr 2015 | 9:57 AM ET

    ALMATY, April 21- President Nursultan Nazarbayev will extend his nearly 26- year rule of Kazakhstan in an election on Sunday which investors hope will maintain stability in the Central Asian state despite criticism of his rights record. The 74- year-old former steelworker has held power since 1989 when the oil-producing nation of 17 million stretching from...

  • *UK faces close national election on May 7. SOLIHULL/ LONDON, April 21- The future of the United Kingdom would be imperilled if Scottish nationalists prop up a Labour government after May 7' s election because they would use the role to prepare another independence vote, former prime minister John Major said on Tuesday. Speaking in Solihull, central England, former...

  • TEL AVIV/ NEW YORK, April 21- Generic drugmaker Teva Pharmaceutical Industries Ltd. on Tuesday proposed buying smaller rival Mylan for $40 billion, saying it was a better deal than Mylan's alternate offer to buy Perrigo Co. Teva said the stock-and-cash offer of $82 a share represented a 48 percent premium to Mylan's stock price on March 10, which it said was the...

  • VIENNA, April 21- European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks were not advanced enough to find a quick solution. "Greece has a humanitarian crisis which one has to face so it's out of the question to abandon Greece," Juncker said in Vienna. "

  • U.S. audit, consulting firm KPMG names first woman CEO Tuesday, 21 Apr 2015 | 9:40 AM ET

    NEW YORK, April 21- KPMG LLP has named Lynne Doughtie, head of the firm's advisory and consulting business, as its U.S. chairman and chief executive officer, the second woman this year to be tapped as CEO of a major U.S. accounting and consulting firm. Effective July 1, Doughtie, 52, will replace John Veihmeyer, whose five-year term as U.S. chairman and CEO ends on June 30,...

  • US STOCKS SNAPSHOT-Earnings beats lift Wall St at open Tuesday, 21 Apr 2015 | 9:35 AM ET

    April 21- U.S. stock opened higher on Tuesday as a spate of companies beat lowered expectations, helping to ease fears of a disappointing earnings quarter.

  • PARIS, April 21- Proxy advisory firms are threatening to block key financial resolutions at French aerospace group Safran, opening a second front in a battle between the French government and institutional investors over a new corporate law. Safran has been able to sidestep the row over "one share, one vote" at companies such as Renault because it already has a...

  • LONDON, April 21- AstraZeneca's recently approved ovarian cancer drug Lynparza, or olaparib, can also help men with prostate cancer, according to new clinical trial results on Tuesday. AstraZeneca has flagged olaparib as a potential $2- billion- a-year seller, based on ongoing Phase III studies in ovarian, breast, gastric and pancreatic cancers.

  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • SHENZHEN, China, April 21- China can only ensure its information security in the long run if it keeps its market open to the best technology products, be they foreign or domestic, Huawei's rotating chief executive Eric Xu told Reuters on Tuesday. Xu's remarks are a rare example of a top Chinese CEO openly questioning the direction of Beijing's information...

  • April 21- Gannett Co Inc, publisher of USA Today, reported a better-than-expected profit as revenue from its digital business soared. Gannett said in August that it would spin off its print operations, including USA Today, joining a host of media companies separating slower-growing publishing assets from TV and digital properties. Net income attributable to...

  • EU's Juncker wants greater Greek effort in debt talks Tuesday, 21 Apr 2015 | 9:14 AM ET

    VIENNA, April 21- European Commission President Jean-Claude Juncker urged Greece on Tuesday to step up efforts to strike a deal with its international creditors, warning that talks had not reached a stage at which they could come to a quick positive end. "We are absolutely not satisfied with the course of talks so far. There is urgent need for greater efforts on the...