GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • MANILA, March 3- Gold was steady above $1,200 an ounce on Tuesday after falling off a two-week peak the session before, struggling to push higher as the dollar hovered near an 11- year high. *Spot gold was nearly flat at $1,207.25 an ounce by 0012 GMT. It touched a two-week high of $1,223.20 on Monday on firm Chinese demand before closing lower.

  • March 2- U.S. generic drug maker Mylan Inc is still on the prowl for more deals, after completing the multibillion-dollar acquisition of some of Abbott Laboratories' non-U.S. businesses just last week. The company forecast 2015 revenue of $9.6 billion to $10.1 billion and adjusted earnings of $4 to $4.30 per share. The company said it still expects to launch a...

  • *Brent crude plunges on speculation of Iran nuclear deal. TOKYO, March 3- The U.S. dollar hovered close to an 11- year high against a basket of currencies while Asian shares firmed in early trade on Tuesday, with sentiment bolstered by another record day on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat, while Japan's Nikkei...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its main lenders, a source with direct knowledge of the matter said, as it expects losses to mount this year. Osaka- based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut squeezed sales of smartphone displays in China,...

  • SINGAPORE, March 3- U.S. crude held above $49 a barrel on Tuesday on expectations of a smaller build in stockpiles at Cushing, the delivery point for the contract, despite forecasts pointing to a new record high in the nation's inventories. *U.S. crude futures edged up 24 cents to $49.83 a barrel by 2350 GMT, after falling 17 cents in the previous session.

  • DIARY-Top Economic Events to March 15 Monday, 2 Mar 2015 | 7:01 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Economist's Insurance Summit 2015- 0910 GMT. LONDON- Bank of England's Anthony Habgood and Governor Mark Carney appears before Treasury Select Committee- Grabiner Report- 1000 GMT. LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and...

  • Feb 27- Offshore driller Nabors Industries Ltd swung to a quarterly loss, hurt by a fall in drilling activity amid a slump in global crude prices. Nabors recorded charges of about $1.2 billion in the quarter related to its pending deal with C&J Energy Services Inc and the "current industry downturn." Nabors posted a net loss of $891.1 million, or $3.08 per share, in the...

  • SAN FRANCISCO, March 2- A U.S. judge on Monday seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. The plaintiffs alleged that Apple, Google, Intel Corp and Adobe Systems Inc agreed to avoid poaching each...

  • March 2- Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar...

  • HAVANA, March 2- The most important U.S. agricultural delegation to visit Cuba in more than a decade began three days of meetings on Monday, hoping to find potential business partners, while urging the U.S. Congress to lift the U.S. embargo on trade with the island. That group was formed after the Dec. 17 announcement the United States and Communist-run Cuba would...

  • WASHINGTON, March 2- Cars or trucks subject to industry recalls would have to be repaired before the vehicles could be registered under a new bill introduced in the U.S. Senate on Monday. The legislation, sponsored by Democratic Senators Edward Markey of Massachusetts and Richard Blumenthal of Connecticut, is the latest congressional response to the deadly...

  • WASHINGTON, March 2- Restoring diplomatic ties with Cuba and opening embassies in each other's capitals can be done before a summit in Panama on April 10 if there is will on both sides, a senior State Department official acknowledged on Monday after two rounds of talks. "We believe reestablishment of diplomatic relations and opening of embassies should be done...

  • SAN FRANCISCO, March 2- Less than three months after U.S. and Cuban officials agreed to restore diplomatic ties, Amazon.com Inc appears to be laying the groundwork to ship packages to Cuba. A "ship to Cuba" button was seen on Monday on Amazon's website by Reuters correspondents in Havana. It is unclear how quickly Amazon, the largest U.S. online retailer, could start...

  • March 2- Connecticut Attorney General George Jepsen's office said on Monday it has launched an investigation into Lenovo Group Ltd's sales of laptops preloaded with Superfish software, which the U.S. government last month warned made users vulnerable to cyberattacks. The office said that Jepsen last week sent letters to Lenovo, the world's biggest personal...

  • NEW YORK, March 2- IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to...

  • EXCLUSIVE-Full text of Reuters interview with Obama Monday, 2 Mar 2015 | 5:32 PM ET

    WASHINGTON, March 2- Reuters White House Correspondent Jeff Mason interviewed President Barack Obama on Monday on topics including U.S.- Israel relations, Iran, China and Russia. REUTERS- Let's start right on Israel. Your administration has described Prime Minister Netanyahu's plans to address Congress tomorrow on Iran as destructive.

  • SYDNEY, March 3- The U.S. dollar hovered just below a fresh 11- year peak against a basket of major currencies early on Tuesday, as rising Treasury yields helped it prevail against the euro in a choppy session. The index rose as the euro slid back below $1.1200 and as the greenback hit a near three-week high of 120.19 yen. The euro zone common currency last stood at...

  • President Barack Obama said on Monday that he hopes the United States will open an embassy in Cuba by the time of a Western Hemisphere summit in Panama in mid-April. While critics, including some members of Congress, have called the end of U.S. attempts to isolate Cuba a gift to the authoritarian Cuban government, Obama said there are already signs it is prompting...

  • *Markit manufacturing hits 4- month high, ISM hits 13- month low. NEW YORK, March 2- The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy. Real earnings and revenue are driving the...

  • SAO PAULO, March 2- PetrĂ³leo Brasileiro SA plans to dispose of as much as $13.7 billion in assets this year and next as part of efforts by Brazil's largest state-controlled company to reduce debt and protect cash. In a securities filing on Monday, the oil company commonly known as Petrobras raised the target for assets sales from the $5 billion to $11 billion...