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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • SAN FRANCISCO, April 9- California's chief utility regulator on Thursday ordered Pacific Gas& Electric Corp to pay a record $1.6 billion in fines and other penalties stemming from its deadly 2010 San Bruno natural gas pipeline rupture and fire near San Francisco. The sum marks the largest penalty ever imposed by the five-member California Public Utilities...

  • *Iran nuclear deal uncertainty, Yemen tensions support oil price. Also supportive was Iran saying it will only sign a final nuclear accord if all sanctions imposed over its disputed nuclear program are lifted the same day. "The German data provided some lift early because it comes even before the expected economic boost from central bank quantitative easing...

  • *Greece debt repayment reduces safehaven bids for bonds. NEW YORK, April 9- U.S. Greece making a 450 million euro loan payment to the International Monetary Fund also reduced earlier safety bids for U.S. government debt, as it supported the view the cash-strapped nation will obtain further aid from its lenders.

  • *GE's real estate assets worth $30 bln. *Buyers led by Blackstone, Wells Fargo- source. April 9- General Electric Co is nearing a deal to sell practically all of its $30 billion real estate assets to a consortium led by Blackstone Group and Wells Fargo& Co, according to a person familiar with the matter.

  • MOSCOW, April 9- Russia saw a net capital outflow of $32.6 billion by companies and banks in the first quarter of 2015, according to estimated balance of payments data published by the Russian central bank on Thursday.

  • CALGARY, Alberta, April 9- Canadian oil and gas producer Calvalley Petroleum Inc said on Thursday it will liquidate and restructure due to the political crisis in Yemen, where it has almost all of its operations. Saudi Arabia and Arab allies have launched air strikes against the Iran- allied Houthi movement in Yemen, which has taken most of the country and forced...

  • Citigroup evaluating a return to Cuba Thursday, 9 Apr 2015 | 2:33 PM ET
    A Citibank branch in New York.

    The CEO of Citigroup Latin America, Francisco Aristeguieta, said the company was interested in restarting operations in Cuba.

  • U.S., BRENT CRUDE FUTURES PARE GAINS AHEAD OF SETTLEMENTS ON STRONG DOLLAR.

  • *Alcoa, Bed Bath& Beyond both fall after results. NEW YORK, April 9- U.S. stocks edged higher on Thursday as a rebound in the price of crude oil lifted energy shares, though strength in the U.S. dollar and uncertainty over the coming earnings season limited the day's gains. Alcoa Inc, whose report is considered the informal start to earnings season, fell 3.9 percent to...

  • U.S. retailers' March same-store sales Thursday, 9 Apr 2015 | 2:08 PM ET

    April 9- Click on http://tmsnrt.rs/1yZ1HNm for a table that compares U.S. retailers' March same-store sales with analysts' estimates as published by Thomson Reuters.

  • April 9- Pacific Gas& Electric Corp on Thursday was assessed a $1.6 billion penalty stemming from its deadly 2010 San Bruno natural gas pipeline rupture and fire near San Francisco.

  • April 9- General Electric Co is nearing a deal to sell substantially all of its $30 billion real estate assets to a consortium led by Blackstone Group and Wells Fargo& Co, according to a person familiar with the matter. Blackstone said in November it would buy GE's property unit in Japan in a deal worth more than $1.6 billion. GE shares were up 1.1 percent at $25.28 in...

  • April 9- Discussions over a takeover by Intel Corp of smaller chip maker Altera Corp have ended as the companies were unable to agree on price, a person familiar with the matter said, but Altera shares rose, suggesting it is still a potential target. Altera's shares surged 4 percent at $43.75 in afternoon trading on Nasdaq after earlier falling as much as 8 percent.

  • SAO PAULO, April 9- Brazil's Santos port has been unable to export 400,000 tonnes of soybeans and soymeal as firefighters battle a week-old blaze that has restricted truck access to much of the country's largest export hub, soy industry association Abiove said on Thursday. The timing is particularly crucial as the world's No. 2 soybean producer harvests a...

  • April 9- General Electric Co is close to selling part or all of its real estate holdings, the Wall Street Journal reported, citing people familiar with the matter. GE is in talks with Blackstone Group LP and Wells Fargo& Co for various parts of the portfolio and a deal could be announced soon, the Journal cited the people as saying. GE's real estate portfolio holds...

  • CHICAGO, April 9- Standard& Poor's Ratings Services said on Thursday it will likely downgrade Chicago's A-plus credit rating if the city lacks a plan to "sustainably" fund its pensions by the end of this year. The warning was released in the wake of Rahm Emanuel's re-election on Tuesday for a second term as Chicago mayor. Chicago has projected contributions to its...

  • *Stocks rally, Europe hits seven-year high. NEW YORK, April 9- World equity markets rose on Thursday, lifted by Greece's repayment of a 450 million euro loan installment to the International Monetary Fund and growing expectations that the U.S. Bond yields spiked after a weak sale of long-dated Treasury securities, while Wall Street was little changed, as...

  • LONDON, April 9- Three years after facing off over Greece's debt workout, the two giants of debt restructuring- Lazard and Blackstone- are again preparing to do battle, one for Ukraine and the latter on behalf of its creditors. Another prominent player is Franklin Templeton, one of the world's biggest asset managers, whose star investor, Michael Hasenstab, has...

  • NEW YORK, April 9- The U.S. dollar hit a near-three-week peak on Thursday, driven higher by sentiment that U.S. interest rates inevitably will rise, with the prospect of a June increase still in the mix despite spotty economic data. The euro fell to its lowest level since March 20, trading off 1.13 percent to $1.06535 on the EBS trading platform. The greenback climbed...

  • BRASILIA, April 9- State-run oil company Petrobras has purged corrupt managers and put a graft scandal behind it, while hitting record output levels from off-shore deposits, Brazil's President Dilma Rousseff said on Thursday. The indictment of former senior executives of Petroleo Brasileiro SA and the investigation of dozens of political allies of...