CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Nov 16- Clovis Oncology Inc said the U.S. Food and Drug Administration asked for additional clinical data on the effectiveness of its experimental lung cancer drug, rociletinib, which could delay its approval. The company had a market value of $3.8 billion as of Friday's close. A similar treatment from AstraZeneca, designed for patients whose disease has...

  • Nov 16- Media General rejected Nexstar Broadcasting Group Inc's $4.1 billion takeover offer, saying it significantly undervalued the company, but left the door open for a deal. "The proposal substantially discounts Media General's standalone growth prospects," Media General said on Monday. RBC Capital Markets LLC and Goldman Sachs& Co are financial advisers...

  • LONDON, Nov 16- Britain is to launch an inquiry into the system used to approve vehicles, including their emissions levels, in the wake of the diesel engines scandal engulfing Volkswagen. The Vehicle Certification Authority is responsible in Britain for approving vehicles. Europe's biggest automaker has said around 1.2 million vehicles in Britain have been...

  • *Crude oil higher after Friday's Paris attacks. Nov 16- U.S. stock futures were little changed on Monday, recovering from losses over the weekend following the deadly attacks in Paris on Friday that killed 129 people and injured hundreds. Crude prices rose as France launched large-scale air strikes against Islamic State targets in Syria.

  • Nov 16- Media General rejected a Nexstar Broadcasting Group Inc's $4.1 billion takeover offer, saying it "significantly undervalues" the company. Nexstar offered to buy Media General in a $4.1 billion deal in September. Media General is in the process of buying Meredith Corp..

  • Nov 16- Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for about $650 million in stock. Trayport is a subsidiary of GFI Group, which was acquired by BGC Partners in March. ICE's financial adviser is Goldman Sachs& Co and its legal adviser is...

  • *Corn, soybeans hover near contract lows. Corn and soybean futures were little changed as the markets languished close to contract lows in the face of a large U.S. harvest that is set to further swell ample worldwide supply. Corn edged up 0.1 percent to $3.58-3/ 4, steadying after a 1 percent drop on Friday that took it close to a contract low of $3.56 struck earlier...

  • LAS VEGAS, Nov 16- GE Aviation said on Monday it had teamed up with Textron Aviation to produce an all-new turboprop aircraft and engine for the general aviation market, part of an effort GE expects will generate up to $1 billion in annual sales of engines by around 2020.. GE Aviation, a unit of General Electric, said its so-called advanced turboprop engine takes aim...

  • *Travel and leisure stocks down 1.5 pct on Paris attacks. LONDON, Nov 16- European shares were steady on Monday, supported by gains in the energy sector that helped offset a slump in travel stocks following Friday's attacks in Paris that killed at least 129 people. French shares slightly underperformed as markets opened for the first time since the co-ordinated...

  • LONDON, Nov 16- Revenue at the world's largest investment banks fell 12 percent in the third quarter from a year ago, driven by an even larger slump in fixed income, currency and commodity, or FICC, trading revenue, according to data analysis firm Tricumen. FICC trading revenue at the world's 13 biggest investment banks fell to $15.6 billion in the three months to...

  • Nov 16- Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for $650 million in stock. ICE said the deal would help it to provide new services to the European over-the-counter energy markets, including power, natural gas and coal.

  • DETROIT, Nov 16- Detroit's Big Three automakers are accelerating plans to produce more small cars for the North American market in Mexico as they seek to reduce labor costs, while using higher-paid U.S. workers to build their very profitable trucks, sport utility vehicles and luxury cars. New versions of several of their popular U.S. compact cars are expected to...

  • KIEV/ MOSCOW, Nov 16- Russia and Ukraine, the leading wheat producers in the Black Sea region, have cut their 2016 winter wheat sowing area due to dry weather, analysts and traders said, signalling more risks of next year's crop and exports. We still have four huge regions where crops are in a very poor condition, " Tetyana Adamenko, head of the agriculture department at...

  • LONDON, Nov 16- The British parliament's transport committee said on Monday it would launch an inquiry into whether the system used to approve new vehicles was fit for purpose in the wake of the diesel emissions scandal engulfing Volkswagen. The inquiry will seek "written evidence on the effectiveness of the current arrangements", according to an email sent...

  • UK LAWMAKERS LAUNCH INQUIRY INTO VEHICLE TYPE APPROVAL IN THE WAKE OF VOLKSWAGEN EMISSIONS SCANDAL.

  • *Risk premiums rise after Paris terror attacks. LONDON, Nov 16- Oil prices edged up on Monday because of heightened political and security tensions after Friday's deadly attacks in Paris claimed by Islamic militants, but a global glut of crude supplies capped rises. France carried out large-scale air strikes against Islamic State sites in Syria overnight,...

  • TOKYO, Nov 16- The Bank of Japan is unlikely to offer any further monetary easing this year to avoid unwelcome yen falls that would hurt low-income households, one of the architects of Prime Minister Shinzo Abe's economic policy strategy said on Monday. With monetary policy already ultra-loose, the government should boost fiscal spending to support private...

  • LONDON, Nov 16- Unusually mild weather across the United States this autumn has sharply reduced heating demand and contributed to the substantial oversupply of both natural gas and heating oil. Heating demand has been 27 percent lower than the long-term average so far this heating season according to the National Oceanic and Atmospheric Administration.

  • PARIS, Nov 16- France will limit a U.N. climate summit in Paris starting in two weeks' time to core negotiations and cancel planned marches and concerts after the attacks that killed 129 people, Prime Minister Manuel Valls said on Monday. He said no foreign leaders had asked France to postpone the Nov 30- Dec 11 summit, which aims to map out a global accord to limit...

  • LONDON, Nov 16- The euro was pinned near seven-month troughs against the dollar on Monday, as investors worried about the impact on the euro zone economy of Friday's Paris attacks steered clear of the common currency. Analysts judged the reaction to the worries stemming from the attacks in Paris as rather muted, however, with investors increasingly focused on...