CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Dec 7- Airbus Group SE is exploring a sale of Vector Aerospace Corp, a unit that services and maintains aircraft, in a deal that could be valued at more than $800 million, people familiar with the matter said on Monday. Airbus, Europe's largest aerospace group, is currently selling several businesses to focus its defense division on warplanes, missiles, launchers...

  • CHICAGO, Dec 7- Alphabet Inc's life sciences unit, which was previously a part of the tech company's Google X research and development unit, has picked Verily as its new name as it seeks more visibility in the fast-growing medical technology sector. The name change follows Google's transition to the parent name Alphabet, which in October became the publicly...

  • SAO PAULO, Dec 7- A deadly dam burst at a Brazilian iron ore mine has triggered a civil lawsuit seeking 20 billion reais in environmental and property damages from mine operator Samarco and its owners, BHP Billiton Ltd and Vale SA, Vale said in a securities filing on Monday. The National Humanitarian Society has filed the lawsuit before a federal judge in Rio de...

  • OTTAWA, Dec 7- The Canadian government's planned tax hike on the rich will not cover the cost of a promised middle-class tax cut, an official projection showed on Monday, increasing the likelihood the budged deficit will be higher than forecast. Finance Minister Bill Morneau, releasing the projection as he announced the new tax measures, repeatedly declined to...

  • Dec 7- Tonix Pharmaceuticals Holding Corp said it was teaming up with the U.S. Department of Defense to further develop its experimental PTSD drug, which if approved, could be the first treatment for the psychiatric disorder in more than 15 years. The Cooperative Research and Development Agreement with the Department of Defense will allow Tonix to gain access...

  • TORONTO, Dec 7- Royal Bank of Canada's shift to put more emphasis on corporate investment banking and reduce its reliance on trading should lower the volatility of its capital markets business, one of its top executives told Reuters on Monday. RBC, Canada's most valuable company by market capitalization, would be comfortable if investment banking accounts for...

  • WASHINGTON, Dec 7- The Obama administration on Monday said it has postponed an oil and gas lease sale for lands in Michigan and Arkansas that environmental groups had planned to target this week. The sale, originally scheduled to take place in Washington on Thursday, will now occur on March 17 to combine it with a quarterly sale, said the Bureau of Land Management, or...

  • Esteves, a founder and top shareholder of investment bank BTG Pactual SA and Amaral, who is President Dilma Rousseff's point man in the Senate, were arrested on Nov. 25 on suspicion of obstructing the country's largest-ever corruption investigation.

  • CHICAGO, Dec 7- Another piece of Illinois' unfinished fiscal 2016 budget fell into place on Monday with the enactment of a bill to send $3.1 billion to local governments, lottery winners, bondholders and others. Governor Bruce Rauner signed the measure into law just hours after the state Senate unanimously approved the bill, which was passed by the House last week.

  • Some 5,913 U.S. corporations and individuals have been awarded $1.9 billion worth of claims for factories, farms, homes and other assets that were nationalized in Cuba after Fidel Castro's rebels came to power on Jan. 1, 1959. Those claims, registered with the U.S. Justice Department's Foreign Claims Settlement Commission, are now worth roughly $8 billion when...

  • NEW YORK, Dec 7- HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. "Given our global footprint, we are able to originate assets from all over the world, repackage them, and then offer them to the U.S. investor base," said Thierry Roland, HSBC's head of global banking and markets...

  • MEXICO CITY, Dec 7- Mexico must be ready to "take care" of the battered peso as a U.S. rate hike looms, but U.S. Federal Reserve policy will not be the only factor driving Mexico's rate decisions, Central Bank Gov. In an interview with Reuters, Carstens explained his recent statement that Mexico's response will not be "automatic" to any move by the Fed.

  • Dec 7- The bond investing firm Pacific Investment Management Co on Monday named two former central bank chiefs and a former British prime minister to sit on a new board to advise on economic, political and strategic developments. The board also includes Jean-Claude Trichet, president of the European Central Bank from 2003 to 2011, and Gordon Brown, the U.K. prime...

  • ATHENS, Dec 7- Greek Prime Minister Alexis Tsipras said on Monday the International Monetary Fund was not playing a constructive role in Greece's bailout and should make up its mind whether it wants to stay in the programme. He accused the Washington- based global lender of making unrealistic demands both on Greece for tough reforms and on its euro zone partners...

  • BRADENTON, Florida, Dec 7- Connie Shingledecker, a major with the Manatee County Sheriff's Office here, was investigating the deaths of children in Florida when she noticed a disturbing pattern. During a six-month period in 2012, four babies had died in the care of mothers with histories of drug abuse. In each case, their babies had been born dependent on drugs.

  • WASHINGTON, Dec 7- Exxon Mobil Corp is hindering a push for transparency in the energy sector by refusing to share U.S. tax information as promised, a global watchdog said on Monday. The SEC is expected to outline how energy companies can satisfy a provision of the Dodd-Frank Wall Street reforms by reporting what they earn from each plot of land they lease.

  • WILKESBORO, North Carolina, Dec 7- Procedures for protecting drug-exposed babies are haphazard in North Carolina. "There was no report or notification to the Wilkes County Department of Social Services when the newborn tested positive at birth for marijuana and opiates by the Wilkes Regional Medical Center," the report said. But when Reuters recently asked...

  • DEVILS LAKE, North Dakota, Dec 7- Two days after giving birth in the summer of 2014, Reanne Pederson left a hospital with her baby boy Avery and a prescription for 20 hydrocodone pills to treat pain. "I'll regret it forever," she said in an interview here, in her hometown of Devils Lake. But the police detective who investigated the baby's death also faults those who...

  • Congress was spurred in part by a 2001 Washington Post investigation of flaws in the District of Columbia's child protection system. Senator Mitch McConnell, a Republican from Kentucky. McConnell, the Senate majority leader, sponsored a bill signed into law this year that calls on the Department of Health and Human Services to examine what can be done to combat...

  • WASHINGTON, Dec 7- When Congress adopted the Keeping Children and Families Safe Act in 2003, the intent- spelled out in the law- was to ensure protection for drug-dependent newborns, not to punish mothers battling addiction. "If you're in a state where a report is made and social services are great, they're going to help this mom and get home health care, then that's...