CNBC Utilities Page Latest Business News Wires - Business Headlines

  • SANTA CLARA, Calif.-- Life science instrument company Affymetrix anticipates that its third-quarter revenue will come in below Wall Street's expectations, as its results were hurt by tighter academic funding conditions globally.

  • NEW YORK-- An analyst raised his rating and price target for BlackRock on Monday, saying that there is a good buying opportunity for the investment manager's stock. William Katz of Citi Investment Research boosted BlackRock Inc. to "Buy" from "Neutral" and increased its price target to $220 from $190.

  • UnitedHealth Group Inc. will spend about $4.9 billion in cash to buy a majority stake in Brazilian health benefits and hospital services provider, as the largest U.S. health insurer takes a big leap toward international growth.

  • Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.

  • PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.

  • Scientists will give pharmaceutical investors long-awaited updates Monday on research behind potential Alzheimer's disease treatments from Eli Lilly and Co., Pfizer Inc. and Johnson& Johnson.

  • NICOSIA, Cyprus-- EU Commission President Jose Manuel Barroso is urging political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its ailing banks.

  • HONG KONG-- Chinese and international auction houses are encroaching on each other's territory in Hong Kong and Beijing for the first time this autumn sale season as they step up the battle for the Asian art market. China Guardian Auctions Co. held a small sale of Chinese ink paintings, calligraphy and furniture last weekend in Hong Kong.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.

  • TAIPEI, Taiwan-- Taiwan's exports rose 10 percent from a year earlier in September to $27 billion, ending a streak of six consecutive monthly declines. The Finance Ministry said Monday that Southeast Asia has shown its economic strength by buying $5.4 billion worth of Taiwanese goods in the month, up 41 percent from a year earlier.

  • Benchmark crude for November delivery tumbled $1.51, or 1.7 percent, to $88.37 per barrel by late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • BANGKOK-- World stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. "That worried investors that we might have hit the top of the recent rally and we might see some correction in the short term," said Jackson Wong, vice president of Tanrich Securities in Hong Kong.

  • Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.

  • McLEAN, Va.-- Dish Network Corp. and Gannett Co. say they've agreed to extend a deadline by several hours as their talks continue in a dispute over fees involving access by more than 2 million Dish subscribers to Gannett's TV stations in 19 cities.

  • INDIANAPOLIS-- Devastating spring freezes and a historic drought have stripped some charm from rustic fall destinations, leaving some corn too short to create mazes, orchards virtually devoid of apples and fall colors muted.

  • DUBAI, United Arab Emirates-- Rapidly expanding Gulf carrier Etihad Airways has agreed to jointly market some of its flights with Air France-KLM in what could be the beginning of a larger strategic alliance, the airlines said Monday.

  • LUXEMBOURG-- EU finance ministers are in Luxembourg to take stock of the debt crisis before a summit of EU leaders later this month. The 17 eurozone ministers will look Monday at Greece's budget proposals.

  • BERLIN-- Exports from Germany, Europe's biggest economy, rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data showed Monday.