CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Palestinian attacks stoke Israeli fears of recession Monday, 19 Oct 2015 | 7:43 AM ET

    TEL AVIV, Oct 19- A surge in Palestinian attacks in Israel is raising concerns that the weakening economy could eventually be pushed into recession. Construction could also be hit if the flow of 100,000 Palestinian labourers who enter Israel and settlements in the West Bank each day to work, illegally or with permits, is stemmed by security blockades.

  • FOREX-Euro hits 10-day low vs dollar on ECB caution Monday, 19 Oct 2015 | 7:39 AM ET

    LONDON, Oct 19- The euro slipped to a 10- day low against the dollar on Monday, as investors eyed a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation in the euro zone. On Monday, the single currency fell a third of a percent to $1.13085, its weakest since Oct. 9. "There's not much in the way of news today... so all I can...

  • Oct 19- Drug developer Genocea Biosciences Inc said it was suspending the development of a vaccine for pneumonia-causing bacteria after it failed to significantly reduce infection in a mid-stage study.

  • Oct 19- U.S. stock index futures were slightly down on Monday after data showed that China's economic growth slipped below 7 percent for the first time since the global financial crisis and Morgan Stanley reported a slump in quarterly profit. *China's growth slowed to 6.9 percent between July and September, but still ahead of the 6.8 percent forecast.

  • Oct 16- Wall Street bank Morgan Stanley's profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter earnings, said earnings applicable...

  • BEIJING/ HELSINKI, Oct 19- China's Ministry of Commerce on Monday approved Nokia's proposed acquisition of French rival Alcatel-Lucent with conditions, almost completing the 15.6 billion euro deal's antitrust process. The terms were imposed in keeping with China's anti-monopoly regulation to ensure market competition isn't harmed by the takeover, it...

  • Oct 19- Hasbro Inc reported a better-than-expected quarterly profit as toys based on "Star Wars" and " Jurassic World" movie series boosted sales of its toys targeted at boys. Revenue in Hasbro's toys for boys category, its largest business, rose 24 percent in the third quarter. Shares of Hasbro, which also makes Monopoly board game, rose about 3 percent to $80 in light...

  • Oct 16- Wall Street bank Morgan Stanley's profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a U.S. interest rate hike and concerns about China's cooling economy. Morgan Stanley, the last of the big U.S. banks to release third-quarter earnings, said on Monday its earnings...

  • CALGARY/ MONTREAL, Oct 19- Canadians look set for political change on Monday as polls showed a strong prospect that Conservative Prime Minister Stephen Harper's government will be ousted, or reduced to a minority, amid a late surge by Liberal rival Justin Trudeau. But the emergence of Trudeau, the 43- year-old son of former Prime Minister Pierre Trudeau, as...

  • Halliburton posts loss as charges weigh Monday, 19 Oct 2015 | 6:59 AM ET

    Oct 19- Halliburton Co, the world's No.2 oilfield services provider, posted a quarterly loss, hurt mainly by charges related to asset write-offs and severance costs. Net loss attributable to the company was $54 million, or 6 cents per share, in the third quarter ended Sept. 30, compared with a profit of $1.20 billion, or $1.41 per share, a year earlier.

  • WEIGHT WATCHERS INTERNATIONAL SAYS OPRAH WINFREY TO MAKE A "SUBSTANTIAL" EQUITY INVESTMENT IN THE COMPANY; TO JOIN BOARD.

  • LONDON, Oct 19- Hedge funds have unwound most of the record short position they established in U.S. crude futures and options between June and August amid signs that the oil market is rebalancing. Reported shorts had been reduced from 108 million barrels the previous week and a peak of 163 million barrels in early August, according to the U.S. Commodity Futures...

  • Apple to pay $234M to school for infringing patent Monday, 19 Oct 2015 | 6:45 AM ET
    Shoppers at an Apple store in New York.

    A U.S. jury on Friday ordered Apple to pay the University of Wisconsin-Madison's patent licensing arm more than $234 million in damages.

  • Toymaker Hasbro's quarterly profit rises 15 pct Monday, 19 Oct 2015 | 6:40 AM ET

    Oct 19- Hasbro Inc reported a 15 percent rise in quarterly profit as toys based on "Star Wars" and " Jurassic World" movie series boosted sales of its toys targeted at boys. Net income attributable to the company rose to $207.6 million, or $1.64 per share, in the third quarter ended Sept. 27 from $180.5 million, or $1.40 per share, a year earlier. Revenue in Hasbro's boys toys...

  • *Deutsche Bank up on restructuring plan. LONDON, Oct 19- European shares climbed to a five-week high on Monday, helped by a rise in Deutsche Bank and retailer Metro AG, while expectations of stimulus measures offset some weak Chinese data. Deutsche Bank rose 3.7 percent, the top performer, as investors welcomed Chief Executive John Cryan's plan to restructure the...

  • *Gold falls further from 3-1/ 2 month high. LONDON, Oct 19- Gold fell on Monday as a rebound in stocks and strength in the dollar pulled the metal further from last week's 3-1/ 2 month high, though prices remained underpinned by uncertainty over the timing of a U.S. rate rise. Gold rose more than 7 percent to last week's peak after U.S. jobs data on Oct. 2 disappointed...

  • Net income attributable to the company fell to $49.5 million, or 14 cents per share, for the third quarter ended Sept. 30, from $275.4 million, or 81 cents per share, a year earlier. Valeant also increased its full-year revenue forecast to $11 billion- $11.2 billion from $10.7 billion- $11.1 billion estimated previously. The company also increased cash earnings...

  • *Wheat hits lowest since Sept. 21 with supplies ample. LONDON, Oct 19- Chicago wheat futures fell to a 4- week low on Monday with forecast rains poised to improve the outlook for U.S. winter crops while global supplies remain plentiful. Chicago Board of Trade December wheat was down 1.1 percent at $4.87 a bushel at 1007 GMT after earlier touching a four-week low of...

  • Valeant Pharma revenue rises 36 pct Monday, 19 Oct 2015 | 6:08 AM ET

    Oct 19- Valeant Pharmaceuticals International Inc, which is under fire for massive price hikes of its two heart drugs, reported a 36 percent rise in quarterly revenue, as sales of dermatology products rose in the United States. Net income attributable to the Canadian drugmaker fell to $49.5 million, or 14 cents per share, for the third quarter ended Sept. 30, from...

  • *U.S., Europe edge closer to lifting Iran sanctions. LONDON, Oct 19- Oil prices fell on Monday on concerns about the pace of economic growth in China, the world's largest energy consumer, and signs that global oversupply is curbing Saudi crude exports. "Chinese GDP data and the rise in the Saudi stockpile due to falling crude oil exports are weighing on prices," said...