CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Sept 11- GoDaddy Inc prevailed in a cybersquatting lawsuit brought by the Academy of Motion Picture Arts and Sciences, which accused the Internet domain registrar of illegally profiting off its trademarks, including for the Oscar telecasts. District Judge Andre Birotte in Los Angeles said the Academy failed to show that GoDaddy acted in bad faith by letting...

  • NEW YORK, Sept 11- Twelve major banks have reached a $1.865 billion settlement to resolve investor claims that they conspired to fix prices and limit competition in the market for credit default swaps, a lawyer for the investors said on Friday. The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche...

  • *Germany says further pooling of risk' unacceptable'. BERLIN/ LUXEMBOURG, Sept 11- The European Commission and Germany are set to clash on Saturday over a plan to guarantee bank deposits, which the EU sees as a necessary confidence-building step but Berlin considers an unfair pooling of risk. But Germany has long opposed it, fearing a political backlash to the idea...

  • *Antarctica could disappear over thousands of years. Such a melt, also eliminating the far smaller ice sheet on Greenland, is a worst case of climate change that would inundate cities from New York to Shanghai and change maps of the world with much of the Netherlands, Bangladesh or Florida under water. Antarctica contains ice equivalent to 58 metres of sea level...

  • U.S. budget deficit narrows to $64 billion in August Friday, 11 Sep 2015 | 2:00 PM ET

    WASHINGTON, Sept 11- The United States posted a budget deficit of $64 billion in August, down about 50 percent from the same period last year, the Treasury Department said on Friday. Accounting for calendar adjustments would leave the August deficit at $112 billion, roughly the same level as in August 2014. Receipts in August totaled $211 billion, while outlays...

  • RIO DE JANEIRO, Sept 11- Standard& Poor's decision to strip Brazil of its investment-grade credit rating puts pressure on competing ratings firms to follow suit, but the government still has time to avert another downgrade to junk which would cost billions of dollars in foreign investment. While an overwhelming majority of economists polled by Reuters...

  • *Corn reaches two-week week high as USDA cuts yield. Corn futures topped a two-week high as the USDA, in a highly anticipated monthly report, tightened its supply estimates. Chicago Board of Trade November soybeans, the most actively traded contract, were down 0.3 percent at $8.71-1/ 2 a bushel by 12:25 p.m. CDT after setting a contract low of $8.53-1/ 4.

  • District Judge Jed Rakoff in Manhattan rejected a bid from former Euro Pacific Capital Inc traders Daryl Payton and Benjamin Durant to throw out U.S. Securities and Exchange Commission charges that they engaged in illegal trading ahead of an IBM Corp deal. Gregory Morvillo, a lawyer for Durant, declined to comment, as did a spokeswoman for the SEC.

  • *Oil prices fall after Goldman Sachs cuts forecast. *Zumiez falls after cutting third-qtr forecast. Stocks have been volatile since China devalued its currency in August amid concerns of sputtering growth in the world's second-largest economy.

  • Sept 11- Philadelphia's Please Touch Museum filed for Chapter 11 bankruptcy on Friday to carry out an agreement with its bondholders that the children's museum said would put it on stable financial ground. It moved to Memorial Hall in Fairmount Park in 2008 from a smaller downtown location. The museum's bonds have traded recently between 12 and 14 cents on the...

  • MIAMI, Sept 11- As if bearish market conditions weren't bad enough, sugar producers in top growers Brazil, Thailand and India may soon have to face heftier competition in an already crowded field from an old rival: Cuba. The country's output may swell to 3 million tonnes, said Maria Nunez, an agriculture analyst with Platts at a sugar conference in Miami, marking the...

  • Drillers removed 10 rigs in the week ended Sept. 11 and 13 rigs in the week ended Sept. 4, bringing the total rig count down to 652, after adding rigs in six of the past eight weeks, oil services company Baker Hughes Inc said in its closely followed report. Earlier Friday, U.S. crude prices were down more than 2 percent after two banks, Goldman Sachs and Commerzbank, both...

  • NEW YORK, Sept 11- Two New York stockbrokers must still face civil insider trading charges brought by U.S. securities regulators, a U.S. judge ruled on Friday, despite a landmark appellate ruling that torpedoed the criminal case against them. District Judge Jed Rakoff in Manhattan rejected a bid from former Euro Pacific Capital Inc traders Daryl Payton and...

  • OIL DRILLERS CUT 10 RIGS THIS WEEK WITH CRUDE PRICE DECLINE- BAKER HUGHES.

  • RAKOFF SAYS WILL CONSIDER ADJOURNMENT AS U.S.

  • DISTRICT JUDGE JED RAKOFF ASKS PARTIES IF THEY WISH TO ADJOURN SEPT. 21 TRIAL.

  • JUDGE REFUSES TO DISMISS SEC CASE AGAINST BROKERS DARYL PAYTON AND BENJAMIN DURANT.

  • Sept 11- PepsiCo Inc said it will expand its partnership with at-home soda machine maker SodaStream International Ltd to offer caps filled with Pepsi and Sierra Mist to flavor water carbonated by SodaStream machines. SodaStream's shares jumped as much as 8.8 percent to $16.13 in morning trading on Friday after the Wall Street Journal reported the...

  • Sept 11- Yahoo Inc's media head, Kathy Savitt, has decided to leave, a company spokeswoman said. At Yahoo, Savitt spearheaded the company's brand marketing and audience engagement strategies, as well as editorial and video content across Yahoo News, Yahoo Finance and Yahoo Sports. Savitt, who is also Yahoo's chief marketing officer, will report to STX Chief...

  • Sept 11- Republican presidential frontrunner Donald Trump said on Friday he had bought NBC's share of the Miss Universe Organization and that all lawsuits against the media company had been settled. "Just purchased NBC's half of the Miss Universe Organization and settled all lawsuits against them. Spanish-language Univision had earlier refused to air the...