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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after rising 239,000 in January, the Labor Department said...

  • WASHINGTON, March 6- U.S. employment accelerated in February and the jobless rate fell to 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after downwardly revised 239,000 gain in January, the Labor Department said on Friday. The unemployment rate was at 5.7 percent...

  • A track record of coups and civil wars has historically made many investors wary of the region, which is still struggling with unrest in Mali, turmoil in Central African Republic and the spillover from Nigeria's Boko Haram Islamist insurgency. I continue to believe that the opportunities are very good, with Ivory Coast being the belle of the ball, "he told Reuters...

  • OTTAWA, March 6- The labor productivity of Canadian businesses dropped by 0.1 percent in the fourth quarter of 2014 after posting a 0.2 percent gain in the third quarter, Statistics Canada said on Friday. Experts had forecast no change in productivity. Statscan revised the third quarter increase up from an initial 0.1 percent.

  • BRASILIA, March 6- Brazil's annual inflation rate rose more than expected in February to the highest in nearly 10 years, drifting further away from the central bank's goal despite aggressive interest rate hikes and sputtering economic growth. The result, which topped even the most pessimistic of 28 forecasts in a Reuters poll, shows the unpopular shock therapy...

  • ATHENS, March 6- Greece will auction 1.0 billion euros of three-month treasury bills on March 11 to refinance a maturing issue, debt agency PDMA said on Friday, announcing its second sale this month as the government faces a cash crunch. Shut out of debt markets and with aid from its official creditors frozen, Athens is scrambling to meet this month's funding needs,...

  • LONDON, March 6- The former chief executive of the London Metal Exchange, Martin Abbott, has been appointed as an independent non-executive director of Mitsui& Co. Commodity Risk Management, the company said on Friday. MCRM is a wholly owned unit of Mitsui& Co., one of Japan's top two trading houses. MCRM said in a statement that Abbott would remain in the same post...

  • BRUSSELS, March 6- The European Union will impose anti-dumping duties later this month on imports of stainless steel cold-rolled sheet from China and Taiwan, according to two sources familiar with a European Commission proposal. Eurofer says that China and Taiwan shipped 620 million euros worth of cold-rolled stainless steel into the European Union in...

  • BARCELONA, March 6- Telecom network gear makers are on a collision course with Silicon Valley computing giants as software and cloud computing have begun to change the way operators from AT&T to China Mobile run their networks. As networks move to relatively standard hardware, formerly entrenched equipment groups must increasingly compete for contracts...

  • LONDON, March 6- It's over two years since Charles Li, chief executive of Hong Kong Exchanges and Clearing, threatened to use a "bazooka" on the long load-out queues at his new purchase, the London Metal Exchange. And that's about the time it still takes to get aluminium out of Detroit or Vlissingen, the two LME locations with embedded queues. The waiting time at Detroit...

  • The outlook excludes costs related to the company's $6.3 billion acquisition of smaller rival Office Depot Inc, which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such...

  • European shares at 7-year highs ahead of U.S. jobs Friday, 6 Mar 2015 | 7:03 AM ET

    *Thomas Cook up 19 pct after China's Fosun buys stake. PARIS, March 6- European shares rose on Friday, extending a rally which has propelled regional indexes to seven-year highs, with Thomas Cook jumping after a Chinese investor bought a stake in the travel group. China's Fosun International, which recently took over France's Club Mediterranee, acquired a 5...

  • NEW YORK, March 6- LightSquared gained momentum this week in its effort to end its three-year bankruptcy after a judge dealt a blow to its main creditor and adversary, Charles Ergen, ahead of a week-long trial on its latest debt restructuring plan. LightSquared, the would-be wireless provider owned by Phil Falcone's Harbinger Capital Partners hedge fund, on...

  • UK's FTSE slips off record highs as miners retreat Friday, 6 Mar 2015 | 6:37 AM ET

    *Weir Group jumps on bid speculation. However, Weir Group rose 5.5 percent, with traders citing speculation that it may be subject to a bid after a slump in its share price in recent months. Admiral Markets' Darren Sinden expected the FTSE to hit a new record high of 7,000 points, but added that uncertainty ahead of Britain's general election in May and weakness in the...

  • LONDON, March 6- The dollar hit an 11-1/ 2 year high against the euro on Friday, as interest rate differentials widened in favor of U.S. The dollar index was 0.3 percent higher at 96.727 while the euro slumped to an 11-1/ 2 year low of $1.0963. The euro's drop came as investors braced for the ECB's 1 trillion euro bond buying program which is expected to weaken the euro.

  • BERLIN, March 6- Germany's lower house of parliament passed legislation on Friday requiring major companies to allot 30 percent of seats on non-executive boards to women, as a new survey found females remain grossly under-represented in business life. Although Germany has been led by a woman, Angela Merkel, since 2005, there is not a single female chief...

  • Staples quarterly sales fall 3.7 percent Friday, 6 Mar 2015 | 6:19 AM ET

    March 6- Office supply retailer Staples Inc reported a 3.7 percent fall in quarterly sales, hurt by a strong dollar and weak demand for computers and related accessories. Staples posted a net loss attributable to the company of $260.4 million, or 41 cents per share, including a pre-tax charge of $410 million for the impairment of goodwill in its international...

  • BEIJING, March 6- China will reduce coal consumption and boost energy efficiency as part of efforts to lessen air pollution, according to an action plan released by the government on Friday. The coal-dominated energy mix in China has been identified as a major cause of the hazardous smog that frequently shrouds cities such as Beijing and Shanghai as well as a...

  • LONDON, March 6- The gender pay gap in the European Union narrowed during the financial crisis, possibly because the jobs of many women are more protected than those of men. Data released by the EU's statistic agency Eurostat ahead of International Women's Day on Sunday also showed the pay gap between men and women tended to be wider in Europe's richest economies,...

  • LONDON, March 6- Gold dropped below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, as the dollar rose towards 11- year highs ahead of U.S. jobs data that could provide hints about the timing of a rate increase. The U.S. currency was helped by weakness in the euro, which stayed under pressure after the European Central Bank said it would start...