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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *China seeking foreign access for its high-speed trains-sources. BEIJING, April 29- China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd, now in the process of...

  • Microsoft to allow Android apps on Windows phones -sources Wednesday, 29 Apr 2015 | 11:16 AM ET

    SAN FRANCISCO, April 29- Microsoft Corp is set to allow apps from rival Google Inc's Android system onto its own Windows phones later this year, according to two sources familiar with the matter on Wednesday. The move would mark a radical shift for Microsoft, which has struggled to attract users and has only 3 percent of the global smartphone market.

  • NEW YORK, April 29- A juror in the trial of a former Goldman Sachs Group Inc computer programmer accused of stealing the investment bank's trading code told a New York court that she believed a second juror tried to poison her, threatening to cause a mistrial. In New York state Supreme Court on Tuesday, the female juror also threatened to take some kind of action...

  • KATHMANDU/ SINDHUPALCHOWK, Nepal April 29- Nepali villagers blocked trucks carrying supplies for earthquake victims on Wednesday, demanding the government do more to help after last week's disaster left more than 5,000 people dead and tens of thousands homeless and short of food and water. In the capital Kathmandu, about 200 people protested outside...

  • UPDATE 10-Oil jumps on only modest U.S. crude stock build Wednesday, 29 Apr 2015 | 11:09 AM ET

    *Inventories at Cushing fall for first time since November. LONDON, April 29- Crude oil prices rose on Wednesday after news U.S. crude stocks increased less than expected last week and inventories at the oil hub at Cushing, Oklahoma, declined for the first time since November, suggesting an oil glut may be beginning to ease. "Inventories at Cushing did finally draw...

  • April 29- California Governor Jerry Brown issued an executive order on Wednesday to cut the state's greenhouse gas emissions to 40 percent below 1990 levels by 2030, his office said in a statement. Under the current EPA proposal, California is required to cut the rate at which its power plants emit carbon dioxide by 23 percent by 2030.. States will need to submit...

  • LONDON, April 29- Copper was flat on Wednesday, caught between those fretting about weak demand from China and those expecting further policy support from the world's top consumer of industrial metals. Three-month copper on the London Metal Exchange by 1445 was at $6,118.50 a tonne from $6,118 at the close on Tuesday, when it hit $6,129, the highest since April 20.

  • April 29- U.S. health insurer Humana Inc reported a lower-than-expected profit in the first quarter as well as noting an unexpected pick-up in the rate of hospital admissions late in the quarter and in April. Humana Chief Financial Officer Brian Kane said during a conference call with investors that hospital inpatient admissions increased at the end of the...

  • LONDON, April 29- By focusing on operational improvements, shipping companies are reducing fuel consumption, saving money and cutting greenhouse emissions, while continuing to increase the amount of freight transported. Maersk Line, the world's largest container carrier, cut fuel consumption by more than 13 percent between 2012 and 2014, while increasing...

  • For UK's utilities, more pain could follow election Wednesday, 29 Apr 2015 | 10:57 AM ET

    *Centrica, SSE shares seen falling if Labour in government. Fears the' Big Six' energy firms will face greater scrutiny and regulation as politicians try to show they are on the side of consumers and not big business have already led some investors to shun stocks like Centrica and SSE. London- listed Centrica and SSE saw 2.7 billion pounds wiped off their combined...

  • Time, and oil prices, ticking for Shell-BG deal Wednesday, 29 Apr 2015 | 10:50 AM ET

    *Shell CEO visits Trinidad, Brazil as regulatory approvals loom. LONDON, April 29- Rising oil prices are putting Royal Dutch Shell under pressure to execute its landmark $70 billion deal to buy rival BG as soon as possible before investors in BG start to take a more critical look at the terms. BG stock tends to perform better when the oil price recovers because it...

  • District Judge Katherine Forrest in Manhattan said the claims raised against Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, BATS Exchange and other exchanges must be reviewed first by the U.S. Securities and Exchange Commission, not the courts. Forrest, however, said Congress created a "comprehensive federal regulatory scheme" empowering...

  • CRUDE UP MORE THAN $1 A BARREL, 90 CENTS HIGHER FROM PRIOR TO EIA DATA; BRENT UP ABOUT 70 CENTS, A QUARTER HIGHER THAN PRE-EIA.

  • April 29- Pharmacy benefit manager Express Scripts Holding Co, which has aggressively negotiated lower costs of new hepatitis C drugs, on Wednesday said a new "focus area" will be subduing costs of a growing wave of pricey biotech cancer drugs. "This is going to be a much slower and much bigger effort over time than what you saw for hepatitis," Steve Miller, chief...

  • OIL PRICES EXTEND GAINS AFTER EIA DATA SHOWS SMALLER-THAN-EXPECTED U.S.

  • EXCLUSIVE-BERNANKE SAYS WILL NOT LOBBY FED, GOVERNMENT OR CONGRESS ON BEHALF OF PIMCO OR CITADEL.

  • SAO PAULO, April 29- The cost of processing card transactions in Brazil will decline in coming quarters as firms in the industry wrestle for market share in a shrinking economy, the top executive at Cielo SA said on Wednesday. A decline in so-called MDRs, or the net fee that Cielo and other payment processors charge retailers to settle card transactions, is "the...

  • April 29- Drugmaker Valeant Pharmaceuticals International Inc raised its earnings and sales forecasts for the year on Wednesday and said its chief financial officer will step down. Valeant shares rose in early trade in Toronto and New York. Valeant said Howard Schiller, the company's chief financial officer since December 2011, will step down once a...

  • NEW YORK, April 29- Former Federal Reserve chairman Ben Bernanke is joining bond giant Pimco as a senior advisor, as the firm seeks to bolster its star power following the departure of co-founder Bill Gross. The move may be questioned by some competitors who had criticized the Fed during Bernanke's reign for being too close to Pimco, whose full name is Pacific...