CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *China Q3 growth, weakest since 2009, further hurts oil demand. Crude futures have lost 7 percent so far this week, sliding without stop since Monday after OPEC reportedly pumped 110,000 barrels per day more in September than in August, and nearly 2 million bpd above forecast demand for 2015.. The American Petroleum Institute will issue preliminary stockpiles...

  • Big companies with investment grade ratings, such as EOG Resources and Apache Corp, do not normally face redeterminations as they have longer-term credits unsecured by reserves, according to filings. Company RIC RBL- RBL- RBL- Date Link Primary Before After Change Disclosed Operations Gulfport Energy Corp GPOR.O $575 $700 $125 8- Sep Oil&Gas Memorial...

  • NEW YORK, Oct 14- Delta Air Lines Inc on Wednesday said it will put the brakes on its expansion of flight capacity in 2016, in a move to fill up more planes and sell more seats at higher fares. In morning trade, shares of the Atlanta- based airline rose 2.4 percent after Delta also posted higher-than-expected adjusted profits of $1.38 billion, up 36 percent from a year...

  • *JPMorgan falls, Bank of America rises after results. Weak economic data from the United States and China added to worries about the health of the global economy even as investors' focus shifted to company results. "The major theme, not only today but through the balance of the earnings season, is going to be the revisions to fourth quarter and 2016 earnings," said Bill...

  • Oct 14- Wal-Mart Stores Inc said full-year sales would be flat due to the stronger-than-anticipated impact of the dollar's strength, and that investment in technology and employees would pressure earnings next year, sending its shares down 10 percent. Shares of the company, which also announced a $20 billion share buyback, fell to a more-than three-year low of...

  • Oct 14- French advertiser Publicis has agreed to pay nearly $3 million to settle claims that it discriminated against female employees based in the United States in pay and promotions and fired some of them for taking maternity leave, lawyers for the women said. In a filing in U.S. District Court in Manhattan on Tuesday, the lawyers said the 2011 class action...

  • *Copper edges up as soft dollar offsets China economy woes. LONDON, Oct 14- Copper steadied on Wednesday as a weaker dollar offset mounting concerns about economic growth in top metals consumer China. "The exchange rate plays a significant role in explaining the price movement," said Peter Fertig of Quantitative Commodity Research.

  • Most net longs in U.S. bonds in 1-1/2 years -JP Morgan Wednesday, 14 Oct 2015 | 11:08 AM ET

    Treasuries relative to their bearish or short bets to the highest level in 1-1/ 2 years, according to a J.P. Morgan survey released on Wednesday. The move came on signs of weakening growth in the United States and China, the world's two largest economies, and rhetoric from some top Federal Reserve officials who suggested an interest rate increase later this year is...

  • AFRICA'S COSATU CALLS FOR REJECTION OF SABMILLER-AB. Oct 14- Congress of South African Trade Unions. *Supports fawu in denouncing and calling for rejection of deal between sabmiller and ab inbev.

  • MOSCOW, Oct 14- Russia's Finance Ministry saw strong demand at an auction of inflation-linked OFZ bonds on Wednesday, when it sold all of the bonds on offer on the second occasion the instrument has been sold to investors. Analysts described the auction as successful, citing healthy demand of over 92 billion roubles, more than four times the amount the Finance...

  • Oct 14- French advertiser Publicis has agreed to pay nearly $3 million to settle claims that it discriminated against female employees based in the United States in pay and promotions and fired some of them for taking maternity leave, lawyers for the women said. In a filing in U.S. District Court in Manhattan on Tuesday, the lawyers said the 2011 class action...

  • Oct 14- Bank of America Corp reported a profit for the third quarter, compared with a year-earlier loss, as Chief Executive Brian Moynihan's cost-cutting efforts helped the bank mitigate the impact of weak revenue in three of its four main businesses. BofA has been slashing billions of dollars in costs in its commercial lending, investment banking and wealth...

  • Oct 14- Delta Air Lines Inc expects the United States and Brazil to reach an aviation deal that removes restrictions on flights between the countries in the next year, the airline's president told investors on a call Wednesday. A so-called "Open Skies" deal would allow Delta and its airline partner Gol Linhas Aereas Inteligentes SA to apply for immunity from...

  • *China also seen making Fed wait longer before hiking rate. NEW YORK, Oct 14- The dollar fell to a 3-1/ 2- week low against a basket of currencies on Wednesday as more signs of slowing growth in the United States and China raised doubts the U.S. "The dollar is weakening because of the expectations that a Fed rate hike is being pushed further and further out," said Michael...

  • NEW YORK, Oct 14- U.S. The Commerce Department said retail sales edged up 0.1 percent last month, below expectations for a 0.2 percent rise according to a Reuters poll of economists. "We're further pricing out the chance of a hike in December," said Kim Rupert, managing director of global fixed income analysis at Action Economics in San Francisco, in reference to the...

  • WASHINGTON, Oct 14- U.S. retail sales barely rose in September and producer prices recorded their biggest decline in eight years, raising further doubts about whether the Federal Reserve will raise interest rates this year. "The softness of September's figures supports our view that the Fed probably isn't going to hike interest rates until early next year," said...

  • LONDON, Oct 14- BHP Billiton, the world's largest miner, was downbeat on Wednesday about iron ore prices as low-cost producers continue to swamp the market and as the intensity of China's demand for the steel making raw material ebbs. However, there were some positive signs on the economic outlook for top commodity consumer China, BHP officials told a briefing...

  • GENEVA, Oct 14- China lost an appeal ruling on Wednesday in a World Trade Organization dispute in which Japan and the European Union had complained about China's use of anti-dumping duties on high performance seamless stainless steel tubes. A WTO dispute panel had largely ruled against China in February, but all three appealed, and the WTO's Appellate Body...

  • DELTA EXPECTS TO APPLY FOR IMMUNITY FROM ANTITRUST LAW WITH BRAZILIAN AIRLINE PARTNER GOL AFTER COUNTRIES REACH AVIATION DEAL-DELTA PRESIDENT.

  • DELTA AIR LINES EXPECTS UNITED STATES AND BRAZIL TO REACH DEAL REMOVING FLIGHT LIMITS BETWEEN THE COUNTRIES IN NEXT YEAR- DELTA PRESIDENT.