CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Jan 6- Chipotle Mexican Grill Inc said it was served with a grand jury subpoena in relation to a criminal investigation into a norovirus contamination at one of its restaurants in California in August. The company, which has been slammed by an E. coli outbreak linked to its restaurants, also said another incident involving norovirus at a restaurant in Brighton,...

  • SAO PAULO, Jan 6- Latin American currencies weakened on Wednesday as investors fretted over economic weakness in China and a nuclear test by North Korea. "Investors are worried about what is going on in China," Guide Investimentos analysts wrote in a client note. Traders also avoided risky bets after North Korea said it successfully tested a miniaturized...

  • Jan 6- Solar panel installer SolarCity Corp said it would cut 550 jobs in Nevada, two weeks after the state's utilities commission approved changes that would reduce credits customers receive for selling excess solar power to the grid. SolarCity, which is backed by Tesla Motors Inc's CEO Elon Musk, ceased Nevada solar sales and installations in December,...

  • Jan 6- Monsanto Co plans to slash another 1,000 jobs worldwide, bringing total planned cuts to 3,600, or about 16 percent of its global workforce, according to a filing Wednesday with the U.S. Securities and Exchange Commission. The additional staffing cuts, along with site closures and contract terminations is expected to increase a restructuring charge to a...

  • Jan 6- All three major indexes fell more than 1 percent in early trading on Wednesday as investors looked for safe havens after China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years. Investors were also nervous about rising geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb...

  • MONSANTO CEO: "WE EXPECT INDUSTRY CONSOLIDATION TO CONTINUE AND IT SHOULD"- EARNINGS CALL.

  • Jan 6- U.S. stocks opened sharply lower on Wednesday after China allowed its currency to weaken further and oil prices slid to their lowest in more than 11 years. Geopolitical concerns were also heightened after North Korea said it had tested a hydrogen bomb and Saudi Arabia cut ties with Iran. The Dow Jones industrial average fell 159.84 points, or 0.93 percent, to...

  • Jan 6- Solar panel installer SolarCity Corp said it would cut 550 jobs in Nevada, two weeks after the state's utilities commission approved changes that would reduce credits customers receive for selling excess solar power to the grid.

  • Jan 6- Lion Point Capital LP said on Wednesday it was disappointed that Ally Financial Inc turned down the hedge fund's request to explore strategic alternatives.

  • Jan 6- Apple Inc said customers spent over $1.1 billion on apps and in-app purchases in the two weeks ending Jan. 3, setting a record for holiday season sales. Customers bought apps for iPhone, iPad, Mac, Apple Watch and Apple TV worth over $20 billion on the App Store in 2015, Philip Schiller, Apple's senior vice president of worldwide marketing, said in a statement on...

  • *Trade deficit narrows to $42.4 billion in November. WASHINGTON, Jan 6- U.S. private companies added workers at a brisk clip in December, pointing to underlying strength in the economy despite signs that growth slowed sharply in the fourth quarter. December was also extraordinarily warm as well, which means the number may exaggerate the labor market strength, "...

  • MONSANTO BOARD OF DIRECTORS APPROVES PLAN TO REACH PREVIOUS TARGET OF $500 MILLION OF ANNUAL SAVINGS BY END OF FY 2018.

  • MONSANTO TO CUT ADDITIONAL 1,000 EMPLOYEES, BRINGING TOTAL PLANNED JOB CUTS TO 3,600- SEC FILING.

  • Jan 6- Drugmaker Valeant Pharmaceuticals International Inc on Wednesday named Howard Schiller as interim chief executive officer to replace Michael Pearson, who has been on medical leave due to pneumonia. Before Valeant, he worked in investment banking at Goldman Sachs for 24 years. Valeant shares were down 3 percent at $97.19 in premarket New York trading.

  • BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7...

  • LONDON, Jan 6- European equities slipped to a three-week low on Wednesday, hit by weakness in the commodity sector as concerns over the Chinese economy resurfaced after it allowed the yuan to weaken further and poor services sector data was reported. Shares in Anglo American, BHP Billiton, Glencore and Rio Tinto fell 5.6 to 7.4 percent. A survey showed that China's...

  • Jan 6- Chipotle Mexican Grill Inc said it was served with a subpoena from a federal court in relation to a criminal investigation into a norovirus incident that occurred at its restaurant in Simi Valley, California in August.

  • NEW YORK, Jan 6- If you boiled down television to its purest essence, you might end up with a game-show host. People like Alex Trebek of "Jeopardy!" "I was a doorman at the Egyptian Theatre in Hollywood, and I used to open the door for celebrities like Red Skelton and Cary Grant.

  • NEW YORK, Jan 6- U.S. private employers added the most new workers in a year in December, well above economists' expectations and an indication that the pace of hiring remains solid despite some signals of slowing economic growth, a report by a payrolls processor showed on Wednesday. U.S. companies added 257,000 jobs in December, the ADP National Employment Report...

  • Jan 6- Wall Street was set to open sharply lower on Wednesday as investors looked for safe havens after China allowed its currency to weaken further and oil prices fell to their lowest in more than 11 years. Investors were also nervous about rising geopolitical tensions after North Korea said it had successfully tested a hydrogen bomb and Saudi Arabia cut ties...