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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *More than 160,000 jobs lost across 24 banks in two years- data. LONDON, March 30- Top European and U.S. banks axed 59,000 jobs last year as they restructured and cut costs, with headcount expected to shrink further in Europe as bosses strive to improve profitability that has been hit hard by tougher regulation. "The screws will stay tight on headcount," said Aymen Saleh,...

  • Japan Feb industrial output falls 3.4 pct mth/mth Sunday, 29 Mar 2015 | 7:57 PM ET

    TOKYO, March 30- Japanese factory output fell 3.4 percent in February from the previous month, government data showed on Monday, partly as companies curbed output due to the Lunar New Year holidays. The result compared with the median forecast for a 1.8 percent decline in a Reuters poll of economists. Manufacturers surveyed by the Ministry of Economy, Trade and...

  • *Asia shares subdued as Wall St ekes out slight bounce. SYDNEY, March 30- Asian markets got off to a. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.2 percent.

  • SHANGHAI, March 30- China's once-struggling mutual fund industry is riding high on the country's surging stock market, with new funds snapped up in days by investors who long shunned shares as too risky. This marks a success for policymakers working to build confidence in equities and a relief for China's fund management industry. In January and February, 75...

  • Hong Kong retail rents drop as Chinese shoppers stop Sunday, 29 Mar 2015 | 7:30 PM ET

    HONG KONG, March 30- A drop in Chinese tourist numbers is driving down shop rentals in Hong Kong, with vacancies increasing in the same prime areas that just three years ago pipped New York's Fifth Avenue to become the world's most expensive retail real estate. Spooked by months of cross-border tensions and pro-democracy protests, tour groups visiting Hong Kong...

  • SAN FRANCISCO, March 29- To some Silicon Valley watchers, the Kleiner Perkins Caufield& Byers gender discrimination case became a referendum on the challenging state of women in technology. For Erin Malone, 51, an alternate juror who sat through four weeks of testimony but did not end up deliberating on the verdict, it came down to the credibility of Ellen Pao, 45,...

  • SYDNEY, March 30- The dollar started trade on Monday pretty much where it closed in New York after the head of the U.S. central bank assured investors that the path back to' normal' interest rates will only occur at a gradual pace. The dollar fetched 119.24 yen versus 119.11 late in New York on Friday. "Yellen went to great length to detail why rate hikes would not be...

  • FRANKFURT, March 30- Britain's Interoute, a high-capacity data network and corporate cloud services provider, is taking on new private equity investors to fund acquisitions across Europe and the United States, the company said on Monday. Aleph Capital Partners, a UK investment firm headed by former Goldman Sachs European private equity investment chief...

  • LONDON, March 30- Campaigning in Britain's closest national election in decades will start on Monday after Queen Elizabeth dissolves parliament at Prime Minister David Cameron's behest, teeing up an unusually fraught battle to govern the $2.8 trillion economy. Hours later, Cameron, who says he passionately wants another term in office "to finish the job", is...

  • "They touched down 1,100 feet short of the runway, so I'd say they're pretty lucky," Mike Cunningham, an official with the Transportation Safety Board of Canada, told a news conference. Air Canada said the Airbus A320 flying from Toronto was carrying 133 passengers and five crew members. "We at Air Canada are greatly relieved that no one was critically injured.

  • OFFICIALS WITH CANADA'S TRANSPORTATION SAFETY BOARD SAY AIR CANADA FLIGHT THAT SKIDDED OFF HALIFAX RUNWAY EARLY SUNDAY HAD HIT ANTENNA ARRAY BEFORE LANDING, LANDING GEAR CAME OFF.

  • SHANGHAI/ RIO DE JANEIRO, March 28- Russia, Australia and the Netherlands on Saturday became the latest three countries to say they plan to join the China-led Asian Infrastructure Investment Bank, adding clout to an institution seen as enhancing China's regional and global influence. The AIIB, seen as a challenge to existing institutions the World Bank and...

  • SYDNEY, March 30- Bain Capital is preparing to launch a A $2.8 billion initial public offering of Australian software firm MYOB Ltd as early as Tuesday, the Australian newspaper reported on Monday. The Australian said the US-based private equity firm looked on course to raise between A $700 million and A $800 million from institutional fund managers with the...

  • NEW YORK, March 29- U.S. coding site GitHub said on Sunday that it was deflecting most of the traffic from a days-long cyber attack that had caused intermittent outages for the social coding site, with the Wall Street Journal citing China as the source of the attack. "Eighty-seven hours in, our mitigation is deflecting most attack traffic. The Wall Street Journal...

  • LOS ANGELES, March 29- Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of "Home." The family film was the weekend's top ticket seller, pulling in a sterling $54 million, easily eclipsing projections that had it bowing to between $30 million and $35 million.

  • "We at Air Canada are greatly relieved that no one was critically injured. Yet we fully appreciate this has been a very unsettling experience, " Air Canada Chief Operating Officer Klaus Goersch said in a statement. Air Canada said the Airbus A320 flying from Toronto was carrying 133 passengers and five crew members.

  • LOS ANGELES, March 29- Jeffrey Katzenberg must be breathing a huge sigh of relief after the embattled DreamWorks Animation chief scored a much needed box office win with the release of "Home." The family film was the weekend's top ticket seller, pulling in a sterling $54 million, easily eclipsing projections that had it bowing to between $30 million to $35 million.

  • TORONTO, March 29- An Air Canada flight crash landed in the east coast city of Halifax and went off the runway early on Sunday, local media reported, with the airline confirming 23 passengers and crew suffered non-life threatening injuries. Air Canada said the Airbus A320 flying from Toronto was carrying 133 passengers and five crew members.

  • BEIJING, March 29- China's President Xi Jinping said he hoped its annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5 trillion in a decade. Projects under the plan include a network of railways, highways, oil and gas pipelines, power grids, Internet networks, maritime and other infrastructure links across...

  • TORONTO, March 29- An Air Canada flight crash landed in the east coast city of Halifax and went off the runway early on Sunday, local media reported, with the airline confirming 23 passengers and crew suffered non-life threatening injuries.