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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • FRANKFURT, Feb 18- The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program. After talks between Greece and euro zone creditors broke down acrimoniously on Monday, the ECB's policymaking...

  • LIMA, Feb 17- Several companies are interested in bidding on Peru's biggest oil block despite protests by indigenous communities that have delayed the auction and partially halted output, the state energy agency said Tuesday. Perupetro President Luis Ortigas said he cannot open bidding on oil block 1- AB, in the Amazonian region of Loreto, until the government...

  • BRIEF-U.S. household debt levels rise in Q4 Tuesday, 17 Feb 2015 | 5:56 PM ET

    Feb 17- Fourth-quarter U.S. household debt report from the New York Federal Reserve Bank:. *U.S. household debt up $117 bln to $11.83 tln. *Student loan balances up $31 bln to $1.16 tln.

  • Feb 17- Fossil Group Inc reported lower-than-expected quarterly revenue and profit due to a decline in watch and leather products sales in North America, and said net sales would decrease up to 7.5 percent in the first quarter. Fossil, which received more than half of its wholesale net sales from outside North America in the fourth quarter, said it expects a...

  • WASHINGTON, Feb 17- A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attorneys said. Formed by the son of a Mexican immigrant in 2009, Estrella TV currently is distributed by Comcast in 16...

  • Feb 17- Medical device maker Boston Scientific Corp on Tuesday said it has agreed to pay $600 million to Johnson& Johnson to settle a long-running lawsuit over Boston Scientific's 2005 acquisition of rival Guidant. J&J had sought more than $7 billion in damages after it lost a bidding war to Boston Scientific following an initial deal to buy Guidant for $21.5...

  • STUDENT LOAN BALANCES ROSE BY $31 BLN IN Q4 TO $1.16 TLN- NEW YORK FED.

  • LOAN DELINQUENCY RATE UNCHANGED IN Q4 AT 4.3 PCT, BUT STUDENT LOAN AND AUTO LOAN DELINQUENCIES WORSENED- NY FED.

  • STUDENT LOAN DELINQUENCY RATE ROSE TO 11.3 PCT IN Q4 VS 11.1 PCT IN Q3, AUTO LOANS TO 3.5 PCT VS 3.1 PCT- NY FED.

  • HOUSEHOLD DEBT ROSE BY $117 BLN IN Q4 TO $11.83 TLN- NEW YORK FED.

  • Feb 17- BNY Mellon Corp, the world's No. 1 custody bank, said it included an additional after-tax legal expense of $598 million to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters. The expense would lower net income to $209 million, or 18 cents per share, from previously stated $807 million, or 70...

  • WASHINGTON, Feb 17- JPMorgan Chase& Co bears the highest potential hazard to the financial system if it were to fail, a staff study released by a U.S. government research agency showed, providing a first-of-its-kind numerical risk ranking of U.S. banks. Bank of America Corp was third at 3.06 percent, followed by Morgan Stanley and Goldman Sachs Group Inc, the study...

  • CALGARY, Alberta, Feb 17- Canadian National Railway Co said on Tuesday it has nearly completed repairs on a stretch of its mainline track in northern Ontario after a crude train derailed on the weekend, spilling oil and causing several of the cars to burn. Late on Saturday night, 29 cars carrying Alberta oil sands crude to eastern Ontario derailed from the track and...

  • Exporters had hoped slow sales would improve in February and March when competitors like Russia, Ukraine and France usually start running out of wheat. "The problem with U.S. wheat is that anything priced in dollars is more expensive," said Roy Huckabay, grain analyst with The Linn Group in Chicago. For now, exporters say, the world's biggest importers Egypt, Jordan,...

  • NEW YORK, Feb 17- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a new stake in agricultural and construction equipment maker Deere& Co, one of a handful of changes in its stock holdings during the fourth quarter. Berkshire reported a 17.1 million-share stake, according to a U.S. Securities and Exchange Commission filing that detailed its...

  • UPDATE 2-Walmex fourth-quarter profit jumps 42 pct Tuesday, 17 Feb 2015 | 5:22 PM ET

    MEXICO CITY, Feb 17- Wal-Mart de Mexico, the country's biggest retailer, said on Tuesday fourth-quarter profit rose more than 40 percent, helped by a pickup in revenue and asset sales. Walmex has been selling non-core assets in Mexico as it seeks to focus on its supermarket business. The company, which is controlled by Wal-Mart Stores Inc, sold its restaurant...

  • VICTORIA, British Columbia, Feb 17- British Columbia's annual budget released on Tuesday projected a budget surplus of C $284 million in fiscal 2015-16, the Pacific coast province's third consecutive balanced budget under the ruling Liberals. The recent plunge in oil prices has hit neighboring Alberta's crude-dependent economy hard and British...

  • Feb 17- Snapchat is looking to raise as much as $500 million in a new funding round that would value the mobile messaging company at up to $19 billion, Bloomberg reported on Tuesday, citing a person with knowledge of the matter. Executives of the company, which allows users send messages that disappear after a few seconds, are in advanced talks with fund managers, the...

  • NORWICH, England, Feb 17- Economic growth from the next industrial revolution, driven by new technology, may be blunted by problems such as growing inequality, lack of investment and increased short-termism, the Bank of England's chief economist said on Tuesday. In a speech, Andy Haldane weighed up arguments for and against secular stagnation-- the theory that...

  • NIAMEY, Feb 17- Soldiers shot dead a suicide bomber suspected of belonging to Islamist militant group Boko Haram on Monday after he tried to detonate an explosive belt near a military post in the southern Niger town of Bagara, the army said on Tuesday. Boko Haram has launched attacks into Cameroon, Niger and Chad from Nigeria as part of a six-year insurgency that...