CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • SAN FRANCISCO, Jan 4- Microsoft Corp's latest operating system, Windows 10, is running on 200 million devices in what the company said was the fastest adoption rate of any of its operating systems. Windows 10, which the company released as a free download in July, powers both personal computers and devices like phones. Just over two months ago, Chief Executive...

  • *Saudi Arabia cuts ties with Iran, China data disappoints. LONDON, Jan 4- Gold rallied 2 percent on Monday, buoyed by rising tensions in the Middle East and a sharp drop in stocks following weak Chinese data that fueled concerns over global growth. The metal rallied along with oil, up 2.4 percent, after Saudi Arabia cut diplomatic ties with Iran after Iranian...

  • TOYOTA ADOPTING FORD SDL TECHNOLOGY TO CONNECT PHONES TO DASHBOARD SCREENS.

  • TOYOTA, FORD SAY THEY WILL ADOPT SAME STANDARD FOR SMARTPHONE CONNECTIVITY.

  • LAS VEGAS, Jan 3- Toyota Motor Corp and Ford Motor Co said on Monday they will adopt the same software to link smartphone apps to vehicle dashboard screens and invited other automakers to join them to counter Apple Inc and Google's push to control cars of the future. Adopting a connectivity standard not linked to Apple or Google may help automakers in China, the...

  • TOYOTA, FORD WANT TO DEAL DIRECTLY WITH APP MAKERS, BYPASS APPLE, GOOGLE.

  • WASHINGTON, Jan 4- U.S. construction spending fell for the first time in nearly 1-1/ 2 years in November as a drop in nonresidential investment offset an increase in housing outlays, pointing to moderate economic growth in the fourth quarter. Construction spending slipped 0.4 percent, the first and also biggest drop since June 2014, after a downwardly revised 0.3...

  • Republican presidential candidate Ben Carson released a plan on Monday to replace the current income tax code with a uniform 14.9 percent tax rate, saying it would help lift Americans out of poverty and was more in line with the U.S. In an interview on Fox News, Carson said his "Prescription for Growth" plan would impose a flat tax rate on all income that "applies to...

  • *None of 48 economists polled expect a move on January 14. Jan 4- The Bank of England's first rate increase in more than eight years is likely to come in the second quarter of 2016, as previously expected, bolstered by the Federal Reserve's decision to raise U.S. rates last month, a Reuters poll found. "With the first Fed rate hike having gone smoothly, this will give the...

  • PRETORIA, Jan 4- South Africa still hopes to solve a dispute with the United States over farm exports, despite the expiry of a U.S.-set deadline that could penalise exports of agricultural goods to the world's top economy. South Africa did sign an agreement with the United States on Nov. 17 to resume importing 65,000 tonnes of chicken each year, which had become...

  • LONDON, Jan 4- Basic resources stocks slumped in Britain on the first trading day of the year on Monday, as poor factory activity data from China prompted investors to cut their exposure to the shares. Shares in Anglo American, Glencore, Antofagasta, BHP Billiton and Rio Tinto dropped 3.9 to 6.2 percent. "The overnight China data is likely to keep a cap on sector...

  • The Dow Jones industrial average fell 190.14 points, or 1.09 percent, to 17,234.89, the S&P 500 lost 23.48 points, or 1.15 percent, to 2,020.46 and the Nasdaq Composite index dropped 111.48 points, or 2.23 percent, to 4,895.93.

  • BERLIN, Jan 4- German inflation unexpectedly slowed in December and the rate for the whole of 2015 fell to its lowest level on record, boosting the purchasing power of households who are enjoying record employment and rising wages. The surprisingly weak price data could, however, add pressure on the European Central Bank to further loosen its monetary policy,...

  • The index hit an all-time low of 471 points on Dec. 16, the lowest in records that date back to January 1985. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose $14 to $3,706. The capesize index, was up two points at 472 points, even as average daily earnings decreased $154 to $4,811.

  • *China factory activity shrank in December. Jan 4- Wall Street looked set to start 2016 on a dour note after weak Chinese economic data reignited fears of global growth and sparked a selloff in stock markets across the world. That's quite a way to start the day off, "said Andre Bakhos, managing director at Janlyn Capital LLC in Bernardsville, New Jersey.

  • Jan 4- As high school seniors across the United States fill out college applications, many will run a cost-benefit analysis of the cost of a school against the lifetime earnings potential of a degree from there. Georgetown University's Center on Education and the Workforce regularly calculates the value of college degrees- which schools and areas of study...

  • NEW DELHI, Jan 4- India needs to increase budgetary allocations for irrigation projects and offer higher procurement prices for crops to support farmers hit by two years of drought, farmer associations said on Monday. Drought in many parts of the country has hit production of rice, cotton and other crops, hurting the popularity of Prime Minister Narendra Modi,...

  • LONDON, Jan 4- Lending to Britons surged towards the end of 2015 at the fastest rate in almost a decade but manufacturing growth slipped, according to figures on Monday that underscored Britain's reliance on consumers to drive its economy. To date the bank has dismissed the idea that Britain's economic recovery is disproportionately reliant on debt.

  • Jan 4- Acadia Healthcare Co Inc said it was buying Priory Group, a private behavioral care provider in the United Kingdom, for about 1.28 billion pounds including debt of 925 million pounds. Priory, which offers services related to mental health, addictions, eating disorders and senior care, runs about 300 facilities with 7,200 beds. The transaction is expected to...