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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • March 30- Oil and gas producer Harvest Natural Resources Inc said it was facing a severe cash crunch and would consider restructuring if it failed to obtain sufficient funding. The company's fourth-quarter net loss widened to $179.7 million, mainly due to the write-down of its investment in Petrodelta, its joint venture with state-owned Petroleos de...

  • LONDON, March 30- Hedge funds increased their bets on rising Brent crude oil prices last week to their highest since July 2014, exchange data showed on Monday, in a sign large speculators are positioning for a possible rebound. Money manager net longs in Brent hit an all-time peak of 242,201 in the week to June 24 last year- just before oil prices started their...

  • BEIJING, March 30- An early investor in Chinese carpooling app Dida Pinche said he has held talks with U.S. ride-hailing app Uber Technologies Inc to help grow Dida in a market 99 percent controlled by Didi Dache and Kuaidi Dache. Andy Zhang, chief financial officer of Dida investor Bitauto Holdings Ltd, told Reuters late last week that he met with Uber Chief...

  • PARIS, March 30- French investigators hope to speed up identification of the 150 people killed in last week's Germanwings plane crash by digging a roadtrack that will allow direct access to the disaster zone high on a remote Alpine mountainside. They hope that will build on the information from a first flight recorder that has led judicial investigators to...

  • March 30- JetBlue Airways Corp's systems were back online after a computer system outage caused check-in delays at several U.S. airports on Monday. The outage was not due to a cyber attack, JetBlue spokesman Doug McGraw said in an email to Reuters. "The issue was resolved at approximately 6:15 a.m. Eastern Time," McGraw said "We are working to resume normal...

  • *Pension funds move some hedge funds into equity portfolios. *Seeking protection from overheated equity markets. LONDON, March 30- Pension schemes are changing their attitudes to hedge funds, bringing some into their mainstream equity portfolios in order to access products that offer protection in overheated markets.

  • HONG KONG, March 30- Chinese property developer Evergrande Real Estate Group on Monday reported a lower debt level for 2014 despite doubling perpetual securities-- structured loans which are not classified as debt in the balance sheet. China's fourth-largest property developer by sales also forecast a pick-up in the sector this year, just as the central bank...

  • US STOCKS-Futures higher, but crude oil weakens Monday, 30 Mar 2015 | 7:24 AM ET

    *M&A deal lifts sentiment; UnitedHealth unit to buy Catamaran. NEW YORK, March 30- U.S. stock index futures rose on Monday, pointing to a second straight daily gain as a trio of M&A deals lifted sentiment after a recent bout of weakness. *In deal news, OptumRx Corp, a unit of UnitedHealth Group, agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth $12.78...

  • *Euro weighed down by uncertainty over Greece. LONDON, March 30- The euro fell on Monday, hurt by uncertainty over whether Greece and its creditors will be able to strike a deal that will help Athens secure funding before it runs out of money by April 20. "Even though euro short positions are at record highs, given the Greek uncertainty and the bias for more monetary...

  • TAIPEI, March 30- Taiwan wants to join a major anti-hacking drill conducted by the United States to strengthen cyber security ties with its staunchest ally, its vice premier said on Monday, a move which would help safeguard against constant targetting by hackers in rival China. Many hacks into Taiwan systems have been traced to sites belonging to China's...

  • March 30- Health insurer UnitedHealth Group unit OptumRx Corp agreed to buy pharmacy benefit manager Catamaran Corp in a deal worth about $12.8 billion. UnitedHealth's offer of $61.50 per share represents a premium of 27 percent to Catamaran's Friday close on the Nasdaq. Catamaran's stock was trading at $60.50 premarket on Monday, while UnitedHealth's was...

  • SHANGHAI/ BEIJING, March 30- Chinese regulators eased lending and tax policies on real estate on Monday, as Beijing seeks to stop a slide in property prices that has put economic recovery at risk. The People's Bank of China, in a statement on its website, urged financial institutions to support home purchases using a combination of commercial lending and a housing...

  • ADEN, March 30- Iran- allied Houthi militiamen pushed into the northeastern suburbs of the Yemeni port city of Aden on Monday amid heavy clashes with loyalists of President Abd-Rabbu Mansour Hadi, sources on both sides said. Artillery and rocket fire struck the area around the Alam roundabout near the city's airport, Hadi's fighters said, after the Houthis...

  • March 30- Drugmaker BioDelivery Sciences International Inc said its drug to treat painful nerve damage caused by diabetes failed to meet its main goals in a late-stage study.

  • LONDON, March 30- Nickel hit its lowest in nearly six years on Monday, as faltering demand for stainless steel and worries that a new tax in Malaysia might push metal into the market dented sentiment. In Malaysia, which stores almost half of the LME's nickel inventories at around 210,000 tonnes, a new government tax may force owners to sell metal rather than bear the...

  • March 30- Ireland's Horizon Pharma Plc said it would acquire U.S. drugmaker Hyperion Therapeutics Inc in an all-cash deal worth about $1.1 billion.

  • LONDON, March 30- Greek bond yields edged up on Monday as investors cautiously waited to see whether Athens would come up with a list of reforms sufficient to unlock much-needed bailout cash. While Greece sounded an upbeat tone on talks through the weekend, creditors said the list submitted by Athens on Friday was more a collection of ideas than something that...

  • LONDON, March 30- Gold fell one percent on Monday, down for a second straight session as the dollar climbed on increasing prospects that the Federal Reserve may start raising interest rates gradually this year. "It seems the market is once again focusing on the Fed raising rates," Deutsche Boerse's MNI senior analyst Tony Walters said. Gold, which does not pay any...

  • Amid Yemen chaos, China keeps oil shipments flowing Monday, 30 Mar 2015 | 6:23 AM ET

    LONDON, March 30- China has managed to export a large shipment of crude oil from Yemen over the weekend, ship-tracking data showed on Monday, despite mounting chaos in the country after the launch of Saudi-led air strikes last week. The 2 million barrel Very Large Crude Carrier, Tai Hung San, left the Yemeni port of Ash Shihr on Sunday, and has been chartered by...

  • European stocks bounce back as tech stocks rally Monday, 30 Mar 2015 | 6:23 AM ET

    Shares in European technology stocks such as Infineon, STMicroelectronics and ASML were all up between 2-3 percent on Monday. U.S. tech stocks had climbed on Friday after news of Intel's talks to buy fellow chipmaker Altera in a deal likely to top $10 billion. Intel shares jumped 6.4 percent while Altera shares surged 28.4 percent.