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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *OPEC March output surges 810,000 bpd on Saudi, Iraq boost. NEW YORK, April 16- Crude oil prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. "The report on Al Qaeda forces taking over facilities in Yemen sent prices up," said Phil Flynn, analyst...

  • *Soybeans firm on better-than-expected U.S. export sales. *Corn flat in choppy, range-bound trade. Corn and soybeans firmed in choppy trade.

  • WEST PALM BEACH, April 16- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday that he favored a rate hike later in the year rather than in June, given the cloudy data from the first few months of 2015.. "I would lean to a little later versus a little earlier," Lockhart said, referring to the weak U.S. employment report for March and other factors that...

  • Communication software maker Slack raises $160 million Thursday, 16 Apr 2015 | 2:17 PM ET

    April 16- Slack, which makes software to help improve team communication, said it raised $160 million in a round of funding, valuing it at $2.8 billion. The San Francisco- based startup, whose tool helps people exchange messages, videos and images, said new investors include Horizons Ventures, Digital Sky Technologies, Index Ventures, Spark Capital Growth, and...

  • NEW YORK, April 16- A lawyer for a New York man who disappeared ahead of his criminal trial over charges he tried to defraud Facebook Inc founder Mark Zuckerberg told a U.S. appeals court his client was like the fugitive protagonist of "Les Misérables." Joseph Alioto, the lawyer for Paul Ceglia, made the statement on Thursday as he urged the 2nd U.S. Circuit Court of...

  • NEW YORK, April 16- European stocks declined nearly 1 percent on Thursday, pressured by Greece's worsening financial predicament, and euro zone government borrowing costs hit new lows. U.S. stocks edged higher on another flurry of better-than-expected profit reports, including ones from Netflix and Goldman Sachs. The widening rift between Greece and its...

  • April 16- Engaged Capital LLC has written to Rovi Corp, which sells television guide programs to cable providers, seeking changes to the company's board. Engaged Capital, which owns a 0.49 percent stake in Rovi, is seeking to replace three of Rovi's long-term directors, Andrew Ludwick, James Meyer and James O'Shaughnessy. "Rovi has recommended its stockholders...

  • April 16- Apple Inc's watches will not be available to buy in-store in May, according to a memo from Apple retail chief Angela Ahrendts, the Telegraph reported. The Apple Watch sport starts at $349 while the standard version comes in at $549 in the United States. High-end "Edition" watches with 18- karat gold alloys are priced from $10,000 and go as high as $17,000.

  • The copied 20 mg version of the blockbuster drug, submitted by Sandoz, a unit of Swiss drugmaker Novartis AG, can be labeled "substitutable" for Copaxone, meaning that prescriptions for the brand-name drug can be automatically switched to the generic. The generic drug, called Glatopa, was developed collaboratively by Novartis and Momenta Pharmaceuticals Inc...

  • April 16- Venture capital firm Andreessen Horowitz has hired Facebook Inc's former general counsel Ted Ullyot for handling its policy and regulatory affairs. Ullyot has earlier been a litigation partner in Kirkland& Ellis LLP. President George W. Bush and chief of staff at the Justice Department under former attorney general Alberto Gonzales.

  • MOVES-Morgan Stanley executive to co-host TV show Thursday, 16 Apr 2015 | 1:49 PM ET

    NEW YORK, April 16- Gary Kaminsky, a vice chairman in Morgan Stanley's wealth management business, is moving into a part-time advisory role at the bank so he can co-host a television show about Wall Street, the bank confirmed on Thursday. Kaminsky, a former Neuberger Berman executive, spent a few years on the financial news network CNBC before joining Morgan...

  • LONDON, April 16- BP shareholders voted overwhelmingly on Thursday to publish regular updates on how its strategies were affecting climate change from next year, making it one of the first global oil companies to disclose such details. Some of BP's top 20 shareholders including Norway's sovereign wealth fund, Schroders and AXA Investment Management, had...

  • Schaeuble says Chinese growth "built on debt" Thursday, 16 Apr 2015 | 1:44 PM ET

    WASHINGTON, April 16- German Finance Minister Wolfgang Schaeuble said on Thursday that high debt levels remain a source of concern for the global economy, noting that growth in China appeared to be "built on debt". In a speech at the Brookings Institution in Washington, Schaeuble said expansionary monetary policy and debt-financed fiscal policy had spawned the...

  • WEST PALM BEACH, Fla., April 16- Atlanta Federal Reserve Bank President Dennis Lockhart said on Thursday he does not think the U.S. central bank needs to wait until all aspects of labor market slack are absorbed before beginning to raise interest rates. "There are people who have dropped out. I would like to see that absorbed, "Lockhart said following a speech to a...

  • CRUDE TURNS HIGHER ON YEMEN CONFLICT.

  • April 16- BlackRock Inc said on Thursday it plans to beef up its quantitative investing team as the sector continued to outperform peers and reported its actively managed equity funds recorded the first inflows since 2013.. BlackRock, the world's largest money manager, also reported that first-quarter profit rose by 8.7 percent, and adjusted earnings topped...

  • *Netflix rallies after results, SanDisk lower. *Etsy shares almost double in IPO. While shares of Netflix surged following blockbuster results, limiting losses on the S&P 500 and Nasdaq, shares of SanDisk slumped following a weak revenue outlook that added to concerns about the pace of top-line improvement.

  • April 16- Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Its competitors include large broker-dealers such as Bank of America Merrill Lynch and Citigroup Inc, as well as niche players such as Citadel, KCG Holdings, Timber Hill and Wolverine...

  • April 16- Apple Inc's watches will not be available to buy in-store in May, according to a memo from Apple retail chief Angela Ahrendts, the Telegraph reported. The Apple Watch sport starts at $349 while the standard version comes in at $549 in the United States. High-end "Edition" watches with 18- karat gold alloys are priced from $10,000 and go as high as $17,000.

  • NEW YORK, April 16- Apple Inc's cooperation with a court-appointed monitor has "sharply declined" as he reviews the iPad maker's antitrust compliance policies, the monitor wrote in a report to a judge. District Judge Denise Cote in Manhattan. Justice Department inspector general, was appointed by Cote in October 2013 after she found the company liable in the...