GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Union chief says U.S.refinery strike could spread Tuesday, 24 Feb 2015 | 11:33 AM ET

    HOUSTON, Feb 24- United Steelworkers union International President Leo Gerard said on Tuesday that the U.S. refinery strike could spread if talks do not resume soon. A total of 6,550 USW members are on strike at 15 plants, including 12 refineries accounting for one-fifth of U.S. capacity. "depends on what happens in the next round of negotiations and that those...

  • SINOP, Brazil, Feb 24- Truck drivers protesting high fuel prices for a seventh day on Tuesday interrupted supplies of diesel and raw materials across Brazil's farm belt and threatened to hold up grains exports at ports in the midst of a record harvest. The strike has led to a shortage of diesel fuel in parts of Brazil's bountiful center-west grains belt.

  • NEW YORK, Feb 24- The dollar was up slightly against a basket of currencies on Tuesday, almost erasing earlier gains as Federal Reserve Chair Janet Yellen offered no commitment as to when the U.S. central bank might raise interest rates. It's very cautious and very couched, "said Boris Schlossberg, managing director of FX strategy at BK Asset Management in New York.

  • KIEV, Feb 24- Ukraine's hryvnia fell by 11.1 percent on Tuesday, with currency controls announced a day earlier failing to halt its slide amid signs a ceasefire deal to end a separatist conflict could fail. A trader at a large foreign bank in Ukraine said he was seeing trades in the range of 31-32 to the dollar. "I do not see the impact of the measures taken by the...

  • MADRID, Feb 24- Spanish Prime Minister Mariano Rajoy announced new social welfare support on Tuesday and touted his government's economic record in a bid to woo back crisis-worn voters, who are increasingly turning to upstart parties as elections loom. Rajoy- whose centre-right People's Party is expected to use economic recovery as its trump card in a general...

  • LONDON, Feb 24- Sierra Leone could see growth rebound to double digits over the next 3-5 years as it emerges from the Ebola crisis and plans to tap its diaspora to raise funds for development, its foreign minister said. The west African country's economy was ravaged by the recent year-long outbreak of the Ebola virus that killed more than 9,000 people across...

  • U.S. Senator Warren makes push on middle-class issues Tuesday, 24 Feb 2015 | 11:08 AM ET

    Warren, a long-time consumer advocate who is often mentioned as a potential White House candidate, said the project was aimed at promoting policies to shift Washington away from corporate lobbyists and instead address education, wages and consumer debt. But the first-term Massachusetts senator, who has repeatedly said she is not running for president and...

  • *Toll Brothers rises after results. NEW YORK, Feb 24- U.S. stocks advanced modestly on Tuesday, with the Dow and S&P 500 at intraday records, as investors attempted to interpret testimony by Federal Reserve Chair Janet Yellen. "You see so much conflicting data coming about, between the minutes and public statements that have been made," said Dan Farley, regional...

  • Euro zone finance ministers agreed on Tuesday to a four month extension to Greece's EU/IMF bailout programme but funding will be released only after the government's economic plans have been approved in detail. "The discussions on Greece's funding gap will begin tonight, tomorrow morning," said the official, who was speaking on condition of anonymity.

  • LONDON, Feb 24- Support for Britain remaining in the European Union has hit its highest in more than four years, according to a poll published on Tuesday, which coincided with a fall in support for the Eurosceptic UK Independence Party. Pollsters YouGov said 45 percent of people surveyed said they would vote to stay in the EU, compared to 35 percent who would opt to...

  • *European Central Bank chief says reforms good start. FRANKFURT, Feb 24- The head of the European Central Bank welcomed Greece's reform plans on Tuesday but said he would keep a close watch on ideas that depart from previous pledges, underlining the need for Greece to stick to its commitments. In a letter to the chairman of the Eurogroup of finance ministers, Mario...

  • Feb 24- TravelCenters of America LLC is being urged by activist investor Russell Glass to sell and lease back stores and to spin off its truck-repair business, Bloomberg reported, citing a letter from Glass's RDG Capital Fund Management. TravelCenters' property, comprising fuel stations, convenience stores and vacant land, could be worth $400 million, and a...

  • LONDON/ NEW YORK, Feb 24- The dollar edged lower and bond yields fell after U.S. Federal Reserve Chair Janet Yellen said on Tuesday it would be several months before the Fed expects to raise interest rates, while European equity markets gained after Greece produced a list of proposed economic reforms. "It's pretty evenhanded," said Thomas Simons, money market...

  • The Biomedical Advanced Research and Development Authority has told the company that its anti-Ebola treatments should be efficient as Mapp Biopharmaceutical's ZMapp. The number of new cases has plummeted but officials have said much work still needs to be done before the virus is snuffed out in Liberia, Guinea and Sierra Leone, the three worst affected...

  • WASHINGTON, Feb 24- The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday in a subtle change of emphasis in how the U.S. central bank has spoken about its plans for its first rate hike since 2006.. In prepared remarks to the Senate Banking Committee, Yellen...

  • *Energy sector the talk of Berlin private equity meeting. By Arno Schuetze and Freya Berry. BERLIN, Feb 24- Earning $7 on the dollar is any investor's dream.

  • *Barclays move prompted by Moody's downgrade. LONDON, Feb 24- Barclays will remove Russian foreign currency debt from its global bond indexes, putting it off-limits for many international investors, after Moody's became the second agency to downgrade the country's credit rating to junk. "The downgrade does signal more limited access and higher costs for hard...

  • What's different with the new feature, called Opera Max with App Pass, is that it is no longer confined solely to Opera browser users. Instead, App Pass works with any browser or mobile app that an Android phone user may choose to use. European and Asian operator Telenor will be the first partner with Opera and launch Opera Max with App Pass, testing it in some of the...

  • Feb 24- Home Depot Inc, the world's No. 1 home improvement chain, posted a better-than-expected rise in quarterly same-store sales on Tuesday but the company warned that a strong dollar will likely hurt 2015 earnings. Chairman and Chief Executive Craig Menear said if the U.S. dollar stays at current levels the company expects a negative impact of $1 billion to...

  • BRUSSELS, Feb 24- Google executive chairman Eric Schmidt will meet Europe's antitrust chief next week, two sources with knowledge of the matter said on Tuesday, a move likely to help regulators decide the next step in a four year-old investigation into the Internet company. European Competition Commissioner Margrethe Vestager has met more than a dozen Google...