GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Two shareholders sue American Apparel over CEO's ouster Thursday, 23 Apr 2015 | 5:59 AM ET

    Hubner and Ribner cited information they received from Charney and a former unnamed board member to allege American Apparel's Chief Financial Officer John Luttrell was behind the firing of the former CEO on charges of misconduct. The lawsuit names American Apparel and board members Allan Mayer, David Danziger, Robert Greene, Marvin Igelman and William...

  • *Gold retains losses from biggest drop in over a month. LONDON, April 23- Gold held just above a three-week low on Thursday, following its biggest drop in over a month, as the dollar rose following strong U.S. housing data that stoked expectations the Federal Reserve could raise interest rates soon. Spot gold ticked up 0.1 percent to $1,187.48 an ounce by 0924 GMT,...

  • STOCKHOLM, April 23- Telecoms equipment maker Ericsson reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere. While sales in China were up as build-outs of new networks there gather pace Ericsson's...

  • FRANKFURT, April 23- German ATM maker Wincor Nixdorf will cut 12 percent of its workforce and spin off its cashless payments business as part of a restructuring announced on Thursday. Wincor had warned this month that it would miss its sales and operating profit guidance for the year, citing deteriorating business in Russia and China, sluggish recovery in...

  • LONDON, April 23- Oil prices steadied on Thursday as news of another steep rise in U.S. crude inventories countered concerns over the security of Middle East supplies due to an escalating conflict in Yemen. Saudi-led coalition warplanes bombed Yemen again on Thursday despite an announcement by Riyadh that it was ending its campaign of air strikes.

  • HELSINKI, April 23- Shares in Outokumpu tumbled on Thursday after the stainless steel manufacturer cut its sales forecast for its Americas operation because of exports from Asia and weak demand from distributors. However, Outokumpu said it has been hit by increasing steel imports from Asia into the Americas while demand from regional distributors has been...

  • SHANGHAI, April 23- The Agricultural Development Bank of China, one of China's three major state-owned policy banks, will receive a capital injection from the Ministry of Finance, a senior Bank official told Reuters today. On April 12th, the State Council released three statements exhorting the nation's three major policy banks to focus more on their...

  • *China to cut export tariffs on aluminium products from May 1. LONDON, April 23- A soft reading on factory activity in top metals user China sent copper to a month low on Thursday, reinforcing worries about tepid demand, while aluminium slid on news that China will remove export taxes on rods and bars. "We haven't seen a strong pickup in demand in China after the New Year...

  • STOCKHOLM, April 23- Telecoms equipment maker Ericsson reported a surprise fall in profits on Thursday as infrastructure spending by mobile network operators in its key North American market remained sluggish and fierce competition pressured margins elsewhere. While sales in China were up as build-outs of new networks there gather pace Ericsson's...

  • GLOUCESTER, England, April 23- Like millions of other British voters, Karl Wakeman supported Margaret Thatcher's Conservatives in the 1980 s and then Tony Blair's New Labour in the late 1990 s. But now, as Britain heads towards a general election on May 7, the 49- year-old from Gloucester has no time for either of the two parties that have dominated British politics...

  • MOSCOW, April 23- The Russian rouble made new gains on Thursday, supported by impending monthly tax payments that require the conversion of export earnings, and notwithstanding expectations the central bank will soon cut interest rates. "The Russian currency is enjoying demand thanks to the tax week, however there's every reason to suppose that it won't...

  • HONG KONG, April 23- Chinese telecom gear manufacturer ZTE Corp has published a letter accusing Huawei Technologies Co Ltd of copying its camera technology and threatened legal action, a sign that smartphone patent battles have begun in earnest in China. Patent battles among Chinese smartphone manufacturers are expected to rise in the wake of Qualcomm Inc's...

  • Deutsche could pay $2B over Libor-rigging: Source Thursday, 23 Apr 2015 | 4:42 AM ET
    Deutsche Bank signage in Vienna, Austria.

    Deutsche Bank is likely to pay more than $2 billion to U.S. and U.K. authorities over the manipulation of benchmark interest rates, a source said.

  • Swiss exports defy franc surge on U.S., Asia strength Thursday, 23 Apr 2015 | 4:37 AM ET

    ZURICH, April 23- Swiss exports pushed higher in March despite the franc currency's sharp rise against the euro, as surging shipments to the United States, Middle East and Asia more than compensated for a drop-off in sales to the single currency bloc. Sales to the euro zone were down 3.7 percent on a nominal basis, while exports to the United States and Middle East...

  • European shares fall after business surveys disappoint Thursday, 23 Apr 2015 | 4:35 AM ET

    *Ericsson, Bilfinger slump; Michelin surges. LONDON, April 23- European shares gave up early gains on Thursday after a survey showed growth in Germany's private sector slowed and French business activity barely grew in April. Mobile telecom equipment maker Ericsson fell 8.1 percent after saying it expected sales in its main North American market to stay...

  • BERLIN, April 23- Countries in the euro zone need to reform in order for the economic recovery to become a lasting one, the European Central Bank's chief economist said on Thursday, saying one such step would be to loosen regulation for employers. Peter Praet's remarks are the latest instance of the ECB putting pressure on countries to do their bit for the economy...

  • *Japan shares make another 15- year top amid bullish sentiment. *Bunds claw back some of sell-off, UK yields flat. European stock markets opened higher, spurred by multi-year highs in Asia, but the mood soured after sluggish euro zone and German purchasing manager data followed another dire set of numbers from France.

  • SEOUL, April 23- South Korea's Hyundai Motor may boost production of sport utility vehicles in the United States and China after reporting profits fell again, squeezed by the cost of promotions to bolster car sales and unfavourable foreign exchange trends. Hyundai, which together with affiliate Kia Motors ranks fifth in global sales, said net profit eased 1...

  • Hong Kong shares close lower, ease off 7-year highs Thursday, 23 Apr 2015 | 4:11 AM ET

    HONG KONG, April 23- Hong Kong shares ended lower, easing off fresh seven-year highs on Thursday as the market enters a period of consolidation after surging more than 10 percent in the first two weeks of April. But in a sign of continuing money inflows into the city, the Hong Kong Monetary Authority this week intervened in the currency market again, selling Hong...

  • April 23- Euro zone private sector business growth was weaker than forecast this month on slowing new orders in the region, dragged down largely by faltering activity in France, a survey showed on Thursday. "The weaker rate of expansion is a big disappointment, given widespread expectations that the ECB's quantitative easing will have boosted the fledgling...