CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • FCC chairman Tom Wheeler is announcing the proposed regulation later on Wednesday to allow companies like Alphabet Inc and Tivo to compete directly to provide video services, according to a summary of the proposal, the proposal says. The FCC says Americans spent $20 billion a year to lease pay-TV cable and satellite boxes, or an average of $231 a year, and said box...

  • LONDON, Jan 27- Five former brokers were acquitted of conspiring with convicted trader Tom Hayes to manipulate crucial benchmark interest rates as the world's third- and longest- Libor trial draws to a close in London, the Serious Fraud Office said on Wednesday. Former ICAP brokers Colin Goodman and Danny Wilkinson, former RP Martin brokers Terry Farr and James...

  • WASHINGTON, Jan 27- General Dynamics Corp, maker of Gulfstream jets, tanks and U.S. Navy ships, on Wednesday reported higher-than-expected quarterly profit in the fourth quarter, with higher operating margins for its aerospace and information systems segments. The company's earnings rose to $764 million, with diluted earnings per share at $2.40.

  • WASHINGTON, Jan 27- The Pentagon views public-private partnerships as the best way to end U.S. reliance on Russian rocket engines, and plans to award contracts for such arrangements in fiscal 2017, Deputy Defense Secretary Robert Work said in a letter obtained by Reuters. Work told Senate Armed Services Committee Chairman John McCain in the letter dated Jan. 26...

  • U.S., BRENT CRUDE FUTURES TURN POSITIVE AFTER WEEKLY EIA DATA.

  • FCC TO VOTE FEB. 18 ON PROPOSAL TO ALLOW SOFTWARE, DEVICES TO COMPETE WITH PAY TELEVISION SET-TOP BOXES- DOCUMENT.

  • MADRID, Jan 27- Spain's Repsol has no choice but to deepen investment cuts, hasten asset sales or slash its dividend if it wants to weather a fall in oil prices that far outpaces the worst case scenario it based its strategy on, sources and analysts say. That strategy, based on an adverse scenario of $50 a barrel, would generate 10 billion euros of cash by 2020 that would...

  • Jan 27- The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, hit a record low on Wednesday on persistent oversupply of vessels and tepid demand. Average daily earnings for capesize vessels, which typically transport 150,000- tonne cargoes such as iron ore and coal, decreased by $55 to $3,063.

  • U.S., BRENT CRUDE FUTURES BRIEFLY PARE LOSSES AFTER WEEKLY EIA DATA.

  • US FEDERAL COMMUNICATIONS COMMISSION TO ANNOUNCE PROPOSAL TO "UNLOCK" PAY-TELEVISION SET-TOP BOXES, ALLOWING NEW COMPETITION- DOCUMENT.

  • LONDON, Jan 27- Five former brokers were acquitted of conspiring with convicted trader Tom Hayes to manipulate crucial benchmark interest rates as the world's third- and longest- Libor trial draws to a close in London, the Serious Fraud Office said on Wednesday. Former ICAP brokers Colin Goodman and Danny Wilkinson, former RP Martin brokers Terry Farr and James...

  • WARSAW, Jan 27- Lower commodity prices and a stronger U.S. dollar are a big challenge for emerging markets and will probably exert downward pressure on credit ratings in the Middle East, Africa and Latin America in 2016, Fitch Ratings' top sovereign analyst said. "Regionally that leads to the Middle East and Africa and secondarily to Latin America.

  • BOSTON, Jan 27- Shares of State Street Corp fell about 5 percent on Wednesday after the custody bank reported a decline in fourth-quarter revenue and heavy withdrawals by a large institutional client. Net withdrawals among long-term institutional clients at Boston- based State Street totaled $100 billion in 2015, the company reported.

  • *Germany has second-largest gold hoard, twice as big as China. FRANKFURT, Jan 27- Germany's Bundesbank took more than 200 tonnes of its gold back to Frankfurt from overseas last year, the central bank said on Wednesday, as it moves towards hoarding half of the world's second-largest reserve at home. Just over 40 percent of the reserve, which Germany started building...

  • WARSAW, Jan 27- Lower commodity prices and a stronger U.S. dollar are a big challenge for emerging markets and will probably exert downward pressure on credit ratings in the Middle East, Africa and Latin America in 2016, Fitch Ratings' top sovereign analyst said. "If you look at the negative outlooks that are in place today there is a disproportionate number of them...

  • UK JURY ACQUITS FIVE OUT OF SIX BROKERS IN LONDON LIBOR TRIAL, JUDGE ASKS FOR MAJORITY VERDICT ON SIXTH BROKER.

  • *Era of Qatar "throwing money" at Al Jazeera over. While the gas-exporting nation is still determined to remain a power broker in the Middle East turmoil, its use of Al Jazeera as a megaphone in support of that goal appears to be on the wane under the young emir, Sheikh Tamim bin Hamad al-Thani, former Qatari officials and Arab commentators say. The days of unstinting...

  • Jan 27- Massachusetts' attorney general is studying whether the prices of Gilead Sciences Inc's blockbuster treatments for hepatitis C violate state law, according to a letter the prosecutor sent to the California drugmaker. The letter from Attorney General Maura Healey to Gilead Chief Executive Officer John Martin, dated Jan. 22, asked the biotechnology...

  • BRASILIA, Jan 27- A Brazilian federal court has revoked a lower court's injunction that had suspended the operating license for the Belo Monte hydroelectric dam, one of the world's largest, Brazil's Energy Ministry said in a Twitter post on Wednesday. Belo Monte, a dam built on the Xingu River in the middle of the Amazon forest, will have a total installed capacity...

  • SAO PAULO, Jan 27- Beach-side apartments in Brazil may have been used as bribes and to launder money for members of the ruling Workers' Party, police and prosecutors said on Wednesday after ordering six arrests and 15 search warrants. The apartments were held in the name of front companies, such as Murray Holdings LLC that was registered by Panama- based Mossack...