GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *Wrangling with Athens casts cloud over euro zone rebound. FRANKFURT, April 13- European Central Bank policymakers gathering on Wednesday will examine possible further emergency funding for Greece's banks as they take stock of a wider economic picture showing early signs of improvement. Athens has until the middle of this week to improve a package of reforms...

  • April 13- Animal health products company Zoetis Inc appointed a second director to its board under its agreement with Bill Ackman's hedge fund Pershing Square Capital Management. Zoetis said on Monday that it added Actavis Plc Executive Chairman and former chief executive Paul Bisaro to its board. Zoetis had appointed William Doyle, a Pershing Square...

  • Clorox apologizes for 'emojis' tweet Monday, 13 Apr 2015 | 9:07 AM ET
    Clorox

    Clorox has apologized after it sparked outrage by tweeting "where's the bleach."

  • TREASURIES-Yields rise before heavy week of data Monday, 13 Apr 2015 | 9:05 AM ET

    NEW YORK, April 13- U.S. "This is carry through from the weak reception to the long-bond auction last week more than anything else," said Ian Lyngen, a senior government bond strategist at CRT Capital in Stamford, Connecticut. The selling came even after China's export sales contracted 15 percent in March, a shock outcome that deepens concern about sputtering...

  • April 13- An intravenous blood clot preventer developed by The Medicines Co should be approved by the U.S. Food and Drug Administration, FDA staff reviewers concluded. The FDA rejected the blood thinner in April last year, after its reviewers took issue with the way a pivotal trial, called Champion- Phoenix, was conducted, and asked the company to reanalyze its...

  • *Qualcomm rises after investors urge spinoff of unit. *Builders FirstSource to buy ProBuild for $1.63 bln. Big banks, including JPMorgan Chase and Bank of America, are due to report results for the first quarter, providing an expected bright spot in an otherwise gloomy quarter.

  • *Hedge fund says Qualcomm's chip unit "essentially worthless". *Jana says it has had "constructive dialogue" with Qualcomm. Qualcomm's shares, which up to Friday's close had fallen about 7 percent since the start of the year, jumped more than 5 percent to $72.74 in premarket trading on Monday after the Wall Street Journal reported that Jana was putting pressure on...

  • LONDON/ MILAN, April 13- Fiat Chrysler boss Sergio Marchionne is hoping for a big deal, possibly in the United States, to plug the carmaker's weaknesses and cement his legacy before stepping down in early 2019, sources familiar with the situation said. Marchionne and Fiat's founding Agnelli family are showing particular interest in General Motors, several...

  • KATHMANDU, April 13- Nepal's investment board on Monday cleared China's Three Gorges International Corp to build a long-delayed $1.6 billion new hydropower project, the single biggest foreign investment in the Himalayan country. The dam, to be built on the West Seti river in northwest Nepal, will generate 750 megawatts of power when complete, board official...

  • *Russia eyes energy deals with Iran after sanctions lifted. MOSCOW, April 13- Russian President Vladimir Putin on Monday paved the way for long-overdue missile system deliveries to Iran and Moscow started an oil-for-goods swap with Tehran, showing the Kremlin's determination to boost economic ties with the Islamic Republic. The moves come after world powers,...

  • METALS-Poor demand prospects weaken copper Monday, 13 Apr 2015 | 8:27 AM ET

    *China March copper imports surge 46 percent in March. LONDON, April 13- Poor demand prospects undermined copper prices on Monday, but losses were limited by a surge in Chinese imports ahead of key economic data from China, the world's largest consumer of industrial metals. Three-month copper on the London Metal Exchange traded at $5,995 a tonne in official rings...

  • LONDON, April 13- The drop in big oil companies' profits in the past eight months isn't just a function of lower crude prices- it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP, Shell and France's Total, shows the sensitivity of these companies' earnings to changes in oil prices...

  • Alamos Gold, AuRico Gold merging in $1.5B deal Monday, 13 Apr 2015 | 8:21 AM ET
    A mine worker displays a large ingot of gold during the refining process at the Loulo-Gounkoto gold mine complex operated by Randgold Resources Ltd. in Loulo, Mali, Nov. 1, 2013.

    Canadian gold mining companies Alamos Gold and AuRico Gold are merging in a deal valued at approximately $1.5 billion.

  • April 13- Builders FirstSource Inc, a U.S. supplier of residential building products, said it would buy privately held ProBuild Holdings LLC for $1.63 billion in cash. The transaction is expected to immediately add to Builders FirstSource's earnings, the company said. ProBuild was created in 2006 by Devonshire Investors, the private equity arm of Fidelity...

  • *Australian dollar hit by shock fall in China exports. LONDON, April 13- The euro tumbled back towards $1.05 on Monday, hitting its weakest in four weeks as the dollar's resurgence continued on bets the U.S. The single currency fell as much as 0.8 percent against the dollar to trade at $1.05205, close to a 12- year trough of $1.0457 hit in March, with traders citing both...

  • *China trade data shock hits Australian dollar. *Asia shares shrug off surprise fall in China exports. LONDON, April 13- A shock fall in Chinese exports hammered the Australian and New Zealand dollars on Monday, and hit European mining companies exposed to the world's second-largest economy.

  • *Big banks, including JPMorgan Chase and Bank of America, are due to report results for the first quarter, providing an expected bright spot in an otherwise gloomy quarter. Profits of companies on the S&P 500 are projected to have declined 2.9 percent in the first three months from a year ago, according to Thomson Reuters data. *Qualcomm shares were up 4.8 percent...

  • LONDON, April 13- British Prime Minister David Cameron's Conservatives are neck-and-neck with the opposition Labour Party ahead of a May 7 national election, an opinion poll showed on Monday. The Populus poll of 2,036 adults from April 10-12 showed support for the Conservatives had risen by two percentage points to 33 percent, putting them level with Labour,...

  • ACCRA, April 13- Ghana will aim to issue a Eurobond of as much as $1 billion by the end of June, bringing forward the timing of the issuance which had been scheduled for the second half of the year, the head of the parliamentary finance committee said on Monday. The government said in a memo to parliament in March it had started talks over the loan with a consortium...

  • LONDON, April 13- Professional commodity traders watch spreads rather than spot prices as the best indicator of the balance between supply and demand. The contango was particularly pronounced in futures contracts linked to WTI because the rise in stocks has been concentrated in the United States, especially around the contract's delivery point at Cushing,...