CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Nov 2- Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

  • SAN FRANCISCO, Nov 2- Two weeks before trial in a high-stakes lawsuit pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a tech company fighting for billions of dollars: a public court proceeding conducted largely in secret.

  • WASHINGTON, Nov 2- The long, bumpy road to America's ``fiscal cliff'' has been traced over many years by Congress and successive U.S. presidents. Now, crucial deadlines loom at year-end on major budget and tax issues, a convergence of problems Federal Reserve Chairman Ben Bernanke dubbed a ``fiscal cliff.'' Will lawmakers rise to the challenge?

  • WASHINGTON, Nov 2- After the Nov. 6 elections, Congress and the White House will face tough decisions on tax rates, tax breaks and budget cuts in a convergence of high-stakes deadlines that Federal Reserve Chairman Ben Bernanke dubbed a' massive fiscal cliff.'.

  • WASHINGTON, Nov 2- After the Nov. 6 elections, urgent tax and spending issues must be addressed, forcing Washington's power players to make some tough decisions before the end of the year. Regardless of who wins the Nov. 6 presidential election, Obama will be in the White House during the final months of 2012 when the ``fiscal cliff'' must be dealt with.

  • NEW YORK, Nov 2- Without power in Manhattan since the storm Sandy hit, Doug Block is in denial about his car. The 2003 Pontiac Vibe is in a garage on East 20th Street- a good two blocks from the East River- and flooded, probably over the top of its hood.

  • LONDON, Nov 2- World shares were steady near two-week highs and the dollar at a seven-week high ahead of U.S. jobs data that will provide the last major signal on the state of the world's leading economy before its voters pick a president on Tuesday.

  • LONDON, Nov 2- Euro zone manufacturing shrank for the 15th month running in October as output and new orders fell, a survey showed on Friday, fuelling expectations of further easing from the European Central Bank.

  • NEW YORK-- Hess Corp. nearly doubled its third quarter profits as the company resumed operations in Libya and ramped up production in giant Bakken shale play. The New York company breezed past Wall Street expectations and shares rose 4 percent in early trading.

  • *European Commission clears Glybera for ultra rare disease. The formal clearance from the European Commission paves the way for a launch next summer of the treatment for an ultra rare genetic disease that will cost around 1.2 million euros per patient, a new record for pricey modern medicines.

  • NORFOLK, Va.-- The Port of Virginia has started receiving cargo diverted from the Port of New York and New Jersey because of Superstorm Sandy. The U.S. Coast Guard opened the Port of New York and New Jersey on Thursday on a restricted basis to get gasoline and fuel to the areas hit hardest.

  • WILMINGTON, Del.-- A Delaware judge has dismissed a lawsuit challenging the state Labor Department's determination that a company must pay its employees the state's prevailing wage rates.

  • LONDON, Nov 2- Copper prices slipped on Friday, and were on course for their fourth weekly drop, as uncertainty about economic growth and the outlook for demand kept investors cautious ahead of the release of labour market data from the United States.

  • SPRINGFIELD, Mass.-- Springfield, Mass. is moving on to the second phase of its casino selection process. They are MGM Resorts International, Penn National Gaming Inc., and Ameristar Casinos Inc.. Springfield Mayor Domenic Sarno appointed a seven-member advisory committee Thursday to help review applications.

  • The Labor Department reported that the U.S. economy generated 171,000 jobs in October, higher than the 125,000 or so expected in the markets. "The data is clearly risk positive, although some may argue that it hurts Romney's chances, which neutralizes some of the risk impact," said Alan Ruskin, an analyst at Deutsche Bank.

  • By Radu Marinas and Sam Cage and Justyna Pawlak and Raissa Kasolowsky. BUCHAREST/ BRUSSELS/ DUBAI, Nov 2- Two months into anti-government protests in Syria last year, as the military crackdown grew more vicious, the European Union and United States introduced sanctions against President Bashar al-Assad, his security chiefs and members of his family.

  • *Scarabeo 9 drilling rig leaving Cuba for West Africa. Communist Party newspaper Granma reported that a well drilled off western Cuba by Venezuelan state oil company PDVSA had been plugged because it ``did not offer possibilities of commercial exploitation.''.

  • BEIJING, Nov 2- China's central bank will keep monetary policy prudent and money supply reasonable to prioritise the job of encouraging economic growth, the bank's latest monetary policy report showed on Friday.

  • DEERFIELD, Ill.-- Higher prices and volumes are lifting spirits company Beam Inc.. It used to be called Fortune Brands Inc., but spun off Fortune Brands Home& Security in October 2011 and renamed itself after its flagship bourbon brand.

  • John Hickenlooper's budget proposal released Thursday includes more funding for education, more Medicaid spending, and pay increases for state employees for the first time in five years. "The Colorado economy is rebounding substantially, but we are still not there in total number of jobs," said Henry Sobanet, the governor's chief economist.