CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • *Yen, Swiss franc up on Russia- Turkey fears. NEW YORK, Nov 24 (Reuters)- The U.S. dollar edged down on Tuesday as investors piled into safe-haven currencies on concerns about rising tension between Russia and Turkey, shrugging off positive data on the U.S. economy. It's encouraging to see the improvement or the upgrade in growth, but it's still a stale piece of data, "said...

  • Nov 24- U.S. stocks opened lower on Tuesday as investors fled risky assets after Turkey shot down a Russian warplane, even as data pointed to stronger U.S. economic growth.

  • *Businesses accumulate $90.2 billion worth of inventories. The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported last month. "This is a sturdy second GDP print for the third quarter when looking past the inventory swings," said Robert Kavcic, a senior economist at BMO...

  • HAMBURG, Nov 24- German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen, adding to the intense scrutiny of Europe's biggest carmaker. The investigation focuses on five Volkswagen employees, a spokesman for the prosecutor's office in the northern German city of...

  • Nov 24- Annualized U.S. single-family home prices rose in September at a faster pace than in August and above market expectations, a closely watched survey showed on Tuesday. The S&P/Case Shiller composite index of 20 metropolitan areas gained 5.5 percent in September on a year-over-year basis compared with 5.1 percent in the year to August.

  • NEW YORK/ CHICAGO, Nov 24- Target Corp's 10 percent discount on a $30.49 pair of embroidered curtains was not nearly enough to entice Valerie Jenkins, shopping in Chicago the weekend before Thanksgiving. But polls by Reuters/ Ipsos and some others show shoppers, who got even bigger discounts closer to Christmas last year, are cautious with their spending and...

  • NEW YORK, Nov 24- Etana Flegenheimer is upping her Thanksgiving budget this year. Flegenheimer, 28, plans to buy her turkey at Whole Foods, instead of the cheaper one at Safeway. All told, she expects to spend about $200 on her Thanksgiving meal.

  • Nov 24- Wall Street was set to open lower on Tuesday as investors fled risky assets after Turkey shot down a Russian warplane, even as data pointed to stronger U.S. economic growth. Global security concerns intensified after Turkey said it shot down a Russian warplane that had violated its airspace near the Syrian border, and after the U.S. State Department issued...

  • WASHINGTON, Nov 24- The U.S. economy grew at a healthier clip in the third quarter than initially thought, suggesting resilience that could help give the Federal Reserve confidence to raise interest rates next month. The Commerce Department on Tuesday said the nation's gross domestic product grew at a 2.1 percent annual pace, not the 1.5 percent rate it reported...

  • *1st qtr adj profit $0.95 vs. est $0.76. Nov 24- Campbell Soup Co reported a better-than-expected quarterly profit and raised its full-year earnings forecast on Tuesday as cost-saving steps start to produce chunkier margins. The other two businesses are Global Biscuits and Snacks, which includes Pepperidge Farm and Arnott's cookies, and Campbell Fresh, which...

  • Nov 24- Discount retailer Dollar Tree Inc reported better-than-expected quarterly net sales as the company benefited from its $8.5 billion acquisition of Family Dollar. However, same-store sales at the Dollar Tree business grew slower than expected. Dollar Tree's net income fell to $81.9 million, or 35 cents per share, from $133 million, or 64 cents per share, a...

  • Nov 24- Tiffany& Co reported a surprise drop in quarterly sales and forecast a bigger fall in full-year profit than it had expected earlier as a strong dollar hurt tourist spending in the United States and reduced the value of sales from other markets. Shares of the upscale jeweler, which gets more than half of its sales from outside the Americas, fell 4.4 percent to...

  • LONDON, Nov 24- A marked drop in Asian imports to Europe, made worse by a strong dollar, has heaped pain on container lines already struggling with massive over capacity, a major industry player said. The container market, which ships retail goods from IPhones to designer clothes and food products, has been hit by a slowdown in demand for goods from Asia, especially...

  • *No immediate comment from Renault. BERLIN/ LONDON, Nov 24- Renault's flagship Espace minivan released toxic diesel emissions 25 times legal limits in a Swiss study despite complying with EU tests carried out at unrealistically low engine temperatures, a German green group said on Tuesday. The DUH, which had earlier singled out General Motors' Opel brand over...

  • The picture that emerges from a recently presented study of market returns around Federal Reserve board meetings is of an institution reliant on back-channel communications and one running a policy of "Heads you win/tails I lose" for the stock market. The entire equity premium from 1994 to 2013 was earned in weeks in which the Fed either had a monetary policy...

  • The latest round of closures, led by Alcoa, is happening just as the metal's usage in the United States is set to experience another quantum leap forward. That's why Alcoa's announcement this month that it is shuttering three out of four of its remaining smelters in the United States has generated so little lift to the aluminium price. Alcoa's announcement that...

  • **SunEdison raised fresh liquidity concerns earlier this month after revealing plans to stop asset sales to its "yieldcos" amid weak market conditions, and potentially terminate existing acquisition deals. **Company's CFO to take charge of its struggling yieldcos- TerraForm Power Inc and TerraForm Global Inc- after the units' chief executives step down.

  • SHANGHAI, Nov 24- In a sign of growing confidence that China's stock markets are stabilising, the country's securities regulator has lifted an order that required brokerages each day to buy more shares than they sell for any proprietary trading. But China's crackdown on financial markets in the wake of a stock slump in the summer continued as anti-corruption...

  • Nov 24- Discount retailer Dollar Tree Inc reported a 38.4 percent drop in quarterly profit, hurt by expenses related to the integration of its Family Dollar acquisition. The company's net income fell to $81.9 million, or 35 cents per share, in the third quarter ended Oct. 31 from $133 million, or 64 cents per share, a year earlier. Net sales more than doubled to $4.95...