CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *China eases taxes on imports, including some commodities. SINGAPORE, Dec 9- Crude prices rose on Wednesday as Japan posted stronger than expected machinery orders and China announced an easing of some import taxes, lending the market at least temporary support in an environment of general oversupply. U.S. crude futures were at $38.08 per barrel at 0209 GMT, up 57...

  • Dec 8- Costco Wholesale Corp reported a fall in comparable-store sales for the third straight quarter as a stronger dollar reduced the value of sales from overseas markets. Costco gets almost 30 percent of revenue from outside the United States. Net income attributable to the company rose to $480 million, or $1.09 per share, from $496 million, or $1.12 per share, a...

  • MELBOURNE, Dec 9- London copper was little changed on Wednesday amid an onslaught of indicators showing China's economy was still struggling, but hopes grew it could support industrial metals after it flagged export tax cuts on some steel products. *China's trade performance remained weak in November, casting doubt on hopes that the world's second-largest...

  • BEIJING, Dec 9- China will cut export taxes on steel billet and pig iron from Jan. 1 2016, the finance ministry said on Wednesday, as part of a raft of measures aimed at boosting economic growth in the world's second-largest economy. It did not give details on the size of the cut. China would also cut tariffs on some energy raw materials, but the ministry did not identify...

  • Dec 8- Connecticut lawmakers cut $350 million from the state budget to close a widening deficit on Tuesday and reduced corporate taxes to thwart criticism that the state is unfriendly to business. Tuesday's adjustment filled a projected $350 million budget gap in the current 2015-16 fiscal year. Connecticut operates a $40 billion two-year budget and is...

  • *Oct core machinery orders +10.7 pct m/m vs forecast -1.5 pct. TOKYO, Dec 9- Japan's core machinery orders unexpectedly jumped in October by the most since March 2014, government data showed on Wednesday, a strong resumption of investment and helping ease concerns about weakness in capital spending. The data should offer some hope to Prime Minister Shinzo Abe, who...

  • Dec 8- Costco Wholesale Corp reported a fall in comparable-store sales for the third straight quarter as a stronger dollar reduced the value of sales from overseas markets. Comparable sales, including fuel and foreign currency impacts, fell 1 percent in the first quarter ended Nov. 22, 2015. Net income attributable to the company rose to $480 million, or $1.09 per...

  • SYDNEY, Dec 9- U.S. soybeans rose for the first time in three sessions on Wednesday, with traders squaring positions ahead of a widely watched U.S. Department of Agriculture report expected to show lower U.S. production. *Wheat is under pressure from tepid demand for U.S. supplies and improving crop conditions in the United States and the Black Sea region.

  • Dec 8- Apple Inc has suspended plans to offer a live Internet-based television service and is instead focusing on being a platform for media companies to sell directly to customers through its App Store, Bloomberg reported on Tuesday. Apple's plan to sell a package of about 14 channels for $30 to $40 a month has run into resistance from media companies that want...

  • NEW YORK ATTORNEY GENERAL TELLS COMPANIES TO REMOVE SPECULATIVE TICKET LISTINGS, COME IN TO ANSWER QUESTIONS.

  • WASHINGTON, Dec 8- The New York Attorney General is investigating why so-called "speculative" tickets to a series of upcoming Bruce Springsteen concerts were listed for sale on websites owned by eBay and two other companies, according to letters seen by Reuters. The Dec. 7 letters, sent by New York Attorney General Eric Schneiderman's office to eBay- owned StubHub...

  • BEIJING, Dec 9- China's consumer inflation picked up slightly in November, while factories were plagued by persistent producer price deflation in another sign that Beijing's year-long easing efforts have yet to restore momentum to a fragile economy. China's National Bureau of Statistics' official Purchasing Managers' Index hit 49.6 in November, its lowest...

  • NEW YORK ATTORNEY GENERAL SENDS LETTERS TO STUBHUB, TICKETNETWORK AND VIVID SEATS.

  • NEW YORK ATTORNEY GENERAL LAUNCHES INQUIRY INTO SPECULATIVE SPRINGSTEEN TICKETS LISTED FOR SALES ON STUBHUB, OTHER WEBSITES.

  • WASHINGTON, Dec 8- The United States and Japan on Tuesday conducted a second successful test of Raytheon Co's new Standard Missile-3 Block IIA missile that is being jointly developed by the two countries, the U.S. Missile Defense Agency said. During the test off the coast of Southern California near Malibu, the missile opened its new sensor seeker in space for the...

  • DETROIT, Dec 8- Union workers at Nexteer Automotive Group Ltd's plant in Saginaw, Michigan, reached a tentative agreement on a new contract late on Tuesday and will return to work after a nearly day-long strike, officials from the United Auto Workers said. Nexteer, controlled by a unit of Aviation Industry Corp of China, was formerly part of GM and remains a major...

  • SHANGHAI, Dec 9- China's yuan opened weaker against the dollar on Wednesday after the central bank set its midpoint fix at a four-year low. The People's Bank of China set the midpoint rate at 6.414 per dollar prior to market open, 0.1 percent weaker than the previous fix of 6.4078, at its lowest level since August 2011. Traders expect the yuan to possibly weaken to...

  • BEIJING, Dec 9- China's consumer inflation picked up slightly in November, while factories were plagued by persistent producer price deflation in another sign that Beijing's year-long easing efforts have yet to restore momentum to a fragile economy. China's National Bureau of Statistics' official Purchasing Managers' Index hit 49.6 in November, its lowest...

  • SHANGHAI, Dec 9- China's consumer inflation quickened to 1.5 percent year-on-year in November, beating market expectations. Analysts polled by Reuters predicted the index would come in at 1.4 percent, compared with 1.3 percent the prior month. The producer price index fell 5.9 percent in November, unchanged from October, the National Bureau of Statistics said...

  • SHANGHAI, Dec 9- South Korea has set December 15 as the date it will issue 3 billion yuan worth of yuan-denominated bonds in the Shanghai- based Chinese interbank market, South Korea said on Wednesday. In doing so South Korea will become the first foreign country to issue sovereign "Panda" bonds in China. A book-building of the three-year "Panda" bonds will be...