CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Oct 7- Alphabet Inc, formerly Google Inc, announced a new open source code that allows faster loading of Web pages with heavy content such as video, animation and graphics on smartphones and tablets. Twitter Inc, LinkedIn Corp, Pinterest, WordPress.com, Chartbeat, Parse.ly and Adobe Analytics are among some of the technology companies that will adopt the code,...

  • CHICAGO, Oct 7- Global commodities trader Cargill Inc effectively navigated tumbling commodities markets and volatile currencies to turn in a 20- percent gain in first-quarter profit, the privately held company said on Wednesday. Rival agribusiness Louis Dreyfus Commodities BV last week said first-half profit fell by half due to falling commodity prices...

  • Data storage company Pure storage falls in debut Wednesday, 7 Oct 2015 | 10:24 AM ET

    Oct 7- Shares of data storage company Pure Storage Inc fell as much as 2.6 percent to $16.55 in their market debut on Wednesday, valuing the company at about $2.65 billion. Pure Storage's shares opened at $16.74 and stayed just shy of its initial public offering price of $17. Pure Storage is a memory storage company that offers flash memory, rather than disk memory...

  • European shares extend rally driven by commodities stocks Wednesday, 7 Oct 2015 | 10:19 AM ET

    *SABMiller pares gains as new InBev offer rejected. MILAN, Oct 7- European shares rose for a fourth straight session to a one-month high on Wednesday, with commodities stocks adding steam to a rally based on expectations of central bank help. "The macro picture gives no reason to either buy or sell stocks, but given the low bond yields, there are few investment...

  • Oct 7- U.S. mining and energy company Freeport-McMoRan Inc, bowing to pressure from its largest shareholder, said on Wednesday it added two new directors to its board under an agreement with activist investor Carl Icahn. Freeport shares jumped more than 12 percent after announcing that it has added Andrew Langham and Courtney Mather to its board.

  • Fast food rivals expand, hitting Yum sales in India Wednesday, 7 Oct 2015 | 10:17 AM ET

    *Yum struggles in India as rivals steal a march. MUMBAI, Oct 7- Aggressive expansion by foreign rivals is eating into sales at Yum Brands Inc in India, and there is little letup in sight for its KFC and Pizza Hut restaurants that are struggling to keep pace. On Tuesday, Yum posted its third straight quarter of sales declines in India, where analysts say it is being...

  • ADVISORY-Media slug change for El Faro stories Wednesday, 7 Oct 2015 | 10:15 AM ET

    Please note that the media slug for stories about the sinking of the ship El Faro has been changed to SHIP-ELFARO/ from STORM-JOAQUIN/.

  • LONDON, Oct 7- German copper producer Aurubis has just rung the bell on the start of the "mating season", the annual negotiation of term contracts for shipments in the following year. Aurubis' preemptive move will raise expectations of a similar-sized reduction in the annual premium from Chile's Codelco, the world's largest producer. Its European premium has been...

  • Oct 7- Twitter Inc and Alphabet Inc have launched an open source code that allows faster loading of content-heavy Web pages on smartphones and tablets.

  • LIMA, Oct 7- Emerging market companies have an estimated $3 trillion in overextended loans that threaten to trigger a sharp credit crunch and capital outflows in economies that have already been hit hard by low commodity prices, the International Monetary Fund said on Wednesday. Overborrowing in emerging market economies likely adds up to an average of 15...

  • WASHINGTON, Oct 7- Top senators on the U.S. Senate Finance Committee are investigating Volkswagen AG's actions related to federal tax credits designed to reward consumers for buying environmentally friendly vehicles, according to a letter released on Wednesday. The move by Senate Finance Committee Chairman Orrin Hatch, a Republican, and ranking Democrat...

  • Oct 7- SABMiller, the world's second largest brewer, rejected a revised offer from bigger rival Anheuser-Busch InBev on Wednesday, citing the proposal, which values its equity at up to $104 billion, "very substantially" undervalued the company. Following is a summary of key events in the history of SABMiller, based on company reports. SABMiller's origins lie in the...

  • Oct 7- Alcoa Inc said it had got a contract to supply titanium to Lockheed Martin Corp's F-35 Lightning II aircraft. The contract has an estimated value of about $1.1 billion, the company said on Wednesday. Alcoa said it would supply titanium for airframe structures for all three variants of the F-35 fighter jets over nine years, from 2016 to 2024..

  • API TECHNOLOGIES CORP WORKING WITH JEFFERIES LLC ON NEW EFFORT TO SELL ITSELF-SOURCES.

  • Its customers include the governments of the United States, Canada and Britain, as well as defense companies such as Raytheon Co, Northrop Grumman Corp and Boeing Co.. With a 40- percent stake in API, Vintage Capital Management LLC, an Orlando, Florida- based investment firm, is by far the company's largest shareholder. Anaren Inc, an API competitor, was acquired by...

  • Fiat Chrysler, U.S. union UAW at table as strike looms Wednesday, 7 Oct 2015 | 9:40 AM ET

    DETROIT, Oct 7- As the threat of a strike hangs over them, negotiators from Fiat Chrysler Automobiles NV and the United Auto Workers union continued to meet on Wednesday morning, a union spokesman said. Midwest, in Michigan, Indiana and Ohio. The last time the UAW called a strike against Detroit automakers who currently make up about 37 percent of the union's...

  • *Government probing VW cars in India after emissions scandal. NEW DELHI, Oct 7- German carmaker Volkswagen AG's India unit is investigating the Polo hatchback cars it sells over "technical issues," a spokesman for the local unit told Reuters on Wednesday. The spokesman said the investigation is not related to the diesel emissions scandal over which the company is...

  • Profits at big U.S. banks soar since crisis -N.Y. Fed Wednesday, 7 Oct 2015 | 9:37 AM ET

    NEW YORK, Oct 7- Profits have soared since the global financial crisis at the five biggest U.S. banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morgan, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley annually averaged $41.73...

  • *SABMiller says proposal "substantially undervalues" it. BRUSSELS, Oct 7- SABMiller, the world's second largest brewer, has promptly rejected an improved offer from bigger rival Anheuser-Busch InBev, saying on Wednesday that its 68 billion-pound valuation was insufficient. AB InBev is offering an alternative to the cash offer of partial payment in shares,...

  • WASHINGTON, Oct 7- Top senators on the U.S. Senate Finance Committee are investigating Volkswagen AG's actions related to federal tax credits designed to reward consumers for buying environmentally-friendly vehicles, according to a letter released on Wednesday. The move by Senate Finance Committee Chairman Orrin Hatch and ranking Democrat Ron Wyden was...