CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • MENOMONEE FALLS, Wis.-- Department store operator Kohl's Corp. said Thursday that revenue at stores open at least a year fell 2.7 percent in September, a bigger drop than Wall Street expected, hurt by lower demand for accessories and women's clothing. Analysts surveyed by Thomson Reuters predicted a 0.2 percent decline.

  • HOUSTON-- Calpine Corp. said Thursday that it will buy a natural gas-fired power plant in Texas for about $432 million to boost its presence in a state where the supply of surplus power is shrinking. Calpine is buying the 800- megawatt plant near Laguna Park in central Texas from Bosque Power Co. LLC.

  • NEW YORK-- Stocks are opening mostly higher on Wall Street following an encouraging report on the labor market and better sales from retail chains. The Dow Jones industrial average rose 35 points to 13,530 shortly after the opening bell Thursday.

  • Romney said in his debate with President Barack Obama that he doesn't want the U.S. to turn into the equivalent of Spain _ which has unemployment of nearly 25 percent and a deep recession. Some Spaniards criticized him for singling out Spain.

  • SEATTLE-- Nordstrom Inc. said Thursday that sales in stores open at least one year rose 4.4 percent in September, slightly below analysts' expectations. Nordstrom said it was also competing against strong figures from September 2011 _ a 10.7 percent jump in same-store sales _ when the company offered free shipping and free returns for online purchases.

  • JACKSONVILLE, Fla.-- Discount retailer Stein Mart Inc. said on Thursday said that a key sales figure rose 2.4 percent in September, hurt in part by stores closing in the wake of Hurricane Isaac. Stein Mart operated 262 stores at the end of September, one more than it had a year earlier. Its shares rose 5 cents to $8.65 in morning trading.

  • Conditions worsened, though, in Kansas and Iowa, the nation's biggest corn producer, and nearly 98 percent of Nebraska was still deemed to be in one of the two worst categories. According to the map, which is put out by the National Drought Mitigation Center at the University of Nebraska in Lincoln, 75 percent of Iowa is enduring extreme or exceptional drought.

  • FRAMINGHAM, Mass.-- The owner of the TJ Maxx and Marshalls clothing store chains said Thursday that revenue in shops open at least a year rose 6 percent in September, beating Wall Street predictions. Analysts polled by Thomson Reuters expected an increase of 4.5 percent for TJX Cos.

  • CHICAGO-- The final case to stem from the corruption investigation into imprisoned former Illinois Gov. William Cellini, 77, was convicted last year for his role in trying to get a $1.5 million campaign contribution for Blagojevich from the Oscar-winning producer of "Million Dollar Baby" in exchange for state business.

  • ACRE, Israel-- Orthodox Jewish Israelis, the driving force of the West Bank settlement movement, have begun to turn their attention inward to Israel itself, moving into Arab areas of mixed cities in an attempt to cement the Jewish presence there.

  • Whatever the case, Hungary's decision to ban the ubiquitous slot machines seen in pubs, bars and parlors across the country goes against a gambling boom seen elsewhere in Eastern Europe, even as economic times get tougher.

  • "A guy like Romney should excite me," said Becker, 30, a Republican who manages real estate investments in Fairfield, a charming shoreline town on Connecticut's affluent "gold coast." That was before the 90- minute head-to-head matchup between Romney and President Barack Obama in Denver, their first of three debates before Election Day.

  • LOS ANGELES-- Clothing maker American Apparel Inc. said Thursday a key sales figure rose 15 percent in September, helped by online sales and fewer discounts.

  • MANILA, Philippines-- Police arrested former Philippine President Gloria Macapagal Arroyo on Thursday and temporarily detained her in a hospital on corruption charges, in her third indictment and second detention since stepping down two years ago.

  • CHICAGO-- Members of the Chicago Teachers Union overwhelmingly have approved a new three-year contract that includes pay increases and a new evaluation system, union officials announced late Wednesday.

  • FRANKFURT, Germany-- German media report that Deutsche Bank AG has put at least five of its traders on indefinite leave as part of an effort to restore the company's ethical credibility. Deutsche Bank declined to comment on the report Thursday, citing ongoing legal proceedings.

  • CHARLOTTE, N.C.-- Cato Corp., a women's clothing store, said on Thursday that a key measure of September revenue fell 4 percent, and it said its third-quarter earnings will be at the low end of its guidance.

  • WASHINGTON-- President Barack Obama and Republican rival Mitt Romney spun one-sided stories in their first presidential debate, not necessarily bogus, but not the whole truth.