GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • HOUSING FINANCE REGULATOR SAYS TO CUT GUARANTEED FEES FOR RISKIER BORROWERS.

  • U.S. urges Greece to strike deal with creditors Friday, 17 Apr 2015 | 4:12 PM ET

    WASHINGTON, April 17- The Obama administration on Friday urged Greece to move quickly with technical negotiations aimed at reaching agreement on bailout terms with the International Monetary Fund and European Union, saying a failure to strike a deal could hit the global economy. Treasury Secretary Jack Lew said in a statement prepared for delivery at a...

  • WASHINGTON, April 17- India's surprise decision to agree to phase-down the use of a potent greenhouse gas after years of opposition is a "significant step" toward global action to address climate change, the U.S. State Department's climate change envoy said Friday. India on Thursday proposed an amendment to the United Nations' Montreal Protocol, which calls on...

  • NEW YORK, April 17- PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine. The preliminary settlement with investors in MF Global's common stock, bonds and...

  • *Yemen conflict, Middle East turmoil support prices. NEW YORK, April 17- Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent's 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices. Brent June crude fell 53 cents to settle at $63.45 a barrel, having swung from $62.95...

  • NEW YORK, April 17- The U.S. dollar posted its worst week in four against a currency basket on Friday after data showing a rise in consumer prices failed to alleviate concerns that recent soft U.S. economic data could delay the Federal Reserve's first rate hike. "The markets feel that the small price increase is not enough to force a June rate increase," said Chris...

  • April 17- U.S. stocks fell on Friday, giving the S&P 500 its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece's debt negotiations and disappointing earnings weighed on sentiment. The Dow Jones industrial average fell 279.67 points, or 1.54 percent, to 17,826.1, the S&P 500 lost 23.92 points, or 1.14 percent, to 2,081.07 and...

  • Mylan last week announced a $29 billion offer to buy Perrigo Co Plc in a move that some analysts suggested was a tactic to help fend off an acquisition by larger rival Teva. Mylan Executive Chairman and former Chief Executive Officer Robert Coury said the Perrigo plans remain on track. "Mylan is fully committed to its stand-alone strategy, including its proposal...

  • April 17- Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block the proposed $45 billion merger of Comcast Corp and Time Warner Cable Inc, Bloomberg reported on Friday, citing people familiar with the matter. Time Warner Cable shares were trading down 5.1 percent at $150.08 on the New York Stock Exchange while...

  • *GE, Honeywell blame strong dollar for lower revenue. April 17- U.S. stocks fell on Friday afternoon, putting the S&P 500 on track for its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece's debt negotiations and disappointing earnings weighed on sentiment. Both Honeywell International and General Electric blamed the...

  • Texas House approves gutting municipal fracking bans Friday, 17 Apr 2015 | 3:19 PM ET

    HOUSTON, April 17- The Texas House overwhelmingly approved a bill on Friday that would give the state the exclusive right to regulate the oil and gas industry, and gut the power of municipalities to pass anti-fracking rules. In Texas, the top U.S. crude producer and the birthplace of fracking, the bill also needs to be passed by the state's Senate and signed by the...

  • PwC to pay $65 mln to resolve lawsuit over MF Global Friday, 17 Apr 2015 | 3:17 PM ET

    NEW YORK, April 17- PricewaterhouseCoopers has agreed to pay $65 million to resolve a lawsuit claiming it deceived investors when it was auditing MF Global Holdings Ltd, the now-defunct brokerage once run by former New Jersey Governor Jon Corzine. The preliminary settlement was disclosed in papers filed on Friday with the U.S. District Court in Manhattan, and...

  • WASHINGTON, April 17- Despite tightening liquidity, Greece is unlikely to get any money from euro zone finance ministers at an April 24 meeting because it is dragging its feet on reforms, European Commission Vice President Valdis Dombrovskis said on Friday. Greece is quickly running out of cash and in the next few weeks may face a choice of either paying salaries...

  • WASHINGTON, April 17- Bank of Japan Governor Haruhiko Kuroda said on Friday the dominant view among Group of 20 finance leaders was that recent exchange-rate moves largely reflected economic fundamentals, while Japanese Finance Minister Taro Aso said he had not faced criticism from his G20 counterparts over the weak yen. "I didn't get the impression there was...

  • WASHINGTON, April 17- The U.S. government would get a larger share of oil and gas revenue from federal land under a proposal announced by the Interior Department on Friday. Reforms will "ensure that American taxpayers receive a fair return from energy resources developed on their public lands," Neil Kornze, director of the Interior Department's Bureau of Land...

  • *Yields curve flattens after CPI data. NEW YORK, April 17- The U.S. The Labor Department said on Friday its Consumer Price Index increased 0.2 percent last month after a similar gain in February.

  • TORONTO, April 17- Barrick Gold Corp faces a fresh backlash over executive pay at its shareholder meeting this month, with some big institutions planning to vote against its compensation plan and withhold votes for directors to express their unhappiness. Two major Canadian pension funds, the British Columbia Investment Management Corp and Ontario Teachers'...

  • WASHINGTON, April 17- Oil train operators must have detailed information on hand about the possible risks of their cargo in case of an accident and perform more thorough checks before moving on the tracks, U.S. transportation officials said on Friday. U.S. officials have been wrestling with how to make oil train deliveries safer ever since a runaway shipment...

  • MEXICO CITY, April 17- Ford Motor Co said on Friday will spend $2.5 billion to build a new generation of fuel-efficient engines and transmissions in Mexico, creating 3,800 jobs. The facility will build a new gasoline engine that will be exported to the United States, Canada, South America and the Asia-Pacific region. Earlier this week, Toyota announced it would...

  • Teva considering potential bid for Mylan - Bloomberg Friday, 17 Apr 2015 | 2:37 PM ET

    April 17- Teva Pharmaceuticals Industries is considering a bid for Mylan NV, Bloomberg reported, citing people familiar with the matter. Teva has not made a formal approach, Bloomberg reported. Generic drugmaker Mylan offered to buy Perrigo Co Plc for about $29 billion in cash and stock in early April.