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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • SAO PAULO, March 5- Cetip SA Mercados Organizados plans to repurchase as many as 5.4 million shares during the next 12 months, as Brazil's largest securities clearinghouse battles with mounting risk aversion and declining capital markets activity on its home turf. The board of São Paulo-based Cetip agreed on Thursday to the buyback, which would withdraw the...

  • SINGAPORE, March 6- Gold held below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, with he dollar near 11- year highs on expectations of strong U.S. jobs data and an interest rate hike. *Spot gold was little changed at $1,199.61 an ounce by 0028 GMT, after falling for four straight sessions to Thursday. *It was also helped by weakness in the euro,...

  • COSTCO EXEC SAYS COMPANY WORKING TO ELIMINATE USE OF HUMAN ANTIBIOTICS IN CHICKEN, MEAT.

  • CHICAGO, March 5- Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday. The ongoing push by Costco, which sells 80 million rotisserie chickens a year, highlights...

  • SINGAPORE, March 6- U.S. crude nudged up to hover around $51 a barrel on Friday, set to post the first weekly gain in three, as geopolitical tensions in the Middle East supported oil. *U.S. crude rose 26 cents to $51.02 a barrel by 0006 GMT, on track for a more than 2 percent gain this week. *Libya's warring factions held United Nations- backed talks on Thursday after...

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported. The request for aid would come in addition to tapping its its main banks Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ for a...

  • SYDNEY, Jan 7- The dollar was in high demand in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan down a...

  • BOSTON, March 5- Hedge fund manager Patrick McCormack, a protégé of industry pioneer Julian Robertson, is shutting down his roughly $1.4 billion Tiger Consumer Management, according to a letter sent to investors. Bloomberg first reported the news. Running a hedge fund "takes a lot out of a person," said Don Steinbrugge, an industry consultant at Agecroft Partners.

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the embattled electronics maker's restructuring, the Nikkei business daily reported.

  • WASHINGTON, March 5- U.S. auto safety regulators are considering unprecedented steps to speed up the replacement of potentially deadly Takata Corp air bags in millions of cars that remain on American roads despite massive recalls initiated by automakers. Rosekind, a former member of the National Transportation Safety Board, which investigates major...

  • CALGARY, Alberta, March 5- Canadian crude-by-rail exports dipped in the fourth quarter from the previous three-month period, National Energy Board data showed on Thursday, as poor netbacks deterred some shippers from loading barrels onto trains bound for U.S. markets. "The differentials have come in quite a bit so they just have not been covering the railing...

  • SAO PAULO, March 5- U.S. investment firm Huxley Capital Corp filed a lawsuit on Thursday in a New York court against Brazilian construction group OAS SA, alleging the debt-ladden company is hiding assets from creditors at two valuable subsidiaries. The defendants in the lawsuit, filed in Manhattan federal court, are OAS and subsidiaries Construtora OAS SA, OAS...

  • SEATTLE, March 5- A Washington state woman has filed a lawsuit against a hospital and a leading medical-device manufacturer claiming her husband died from a drug-resistant "superbug" he contracted from a contaminated medical scope, her lawyer said on Thursday. Theresa Bigler, of Woodway, is seeking unspecified monetary damages for the death of her husband...

  • NEW YORK, March 5- The U.S. Marshals Service on Thursday held its third auction of bitcoins seized from Ross Ulbricht, convicted of operating black-market website Silk Road, with a sale of 50,000 units attracting higher demand than the previous auction. The government had 14 registered bidders for the 34 bids received, said Marshals Service spokeswoman Lynzey...

  • SYDNEY, March 6- The dollar hovered at 11- year highs against a basket of major currencies early on Friday and could extend gains if non-farm payrolls due later in the day support the case for a rise in U.S. interest rates in coming months. The dollar index traded at 96.335, having climbed as far as 96.593- a high not seen since September 2003. Much of the move was due to...

  • NEW YORK, March 5- French chocolate maker Cemoi is betting that Africa's growing middle class will add its sweet treat to their diet as the company prepares to open a factory in Ivory Coast, where much of the world's cocoa beans are grown. Cemoi, which competes with the world's biggest bean buyer, Swiss-based Barry Callebaut, as well as processors and merchants like...

  • UNITED NATIONS, March 5- Iran's foreign minister on Thursday suggested that a 10- year moratorium on some aspects of the country's nuclear program might be acceptable to Tehran, though he declined to discuss the issue in detail. President Barack Obama told Reuters on Monday that Iran must commit to a verifiable freeze of at least 10 years on sensitive nuclear...

  • DETROIT, March 5- Two General Motors Co workers at its Arlington, Texas, assembly plant have sued the No. 1 U.S. automaker and are seeking class-action status, claiming the company violated the Civil Rights Act of 1964 by denying them unpaid religious days off. The lawsuit, filed on Wednesday in U.S. District Court in Forth Worth, Texas, charged the company with...

  • MEXICO CITY, March 5- German carmaker Volkswagen will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday. As of December, total investment in the auto sector in Mexico had reached $19 billion under President Enrique Pena Nieto, who took office two years earlier, the...