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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Japan Factory Output Rises at Fastest Pace in a Year Wednesday, 30 Jan 2013 | 7:31 PM ET

    Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilizing global demand and exports will help pull the economy from its slump.

  • Nintendo to Post Unexpected Loss as Wii Successor Falters Wednesday, 30 Jan 2013 | 6:15 PM ET
    Nintendo Profit Outlook Weakens Ahead of Wii U Launch

    Nintendo, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100-million selling Wii, faltered.

  • ANA Investors Look Past Dreamliner's Woes Wednesday, 30 Jan 2013 | 6:01 PM ET

    All Nippon Airways, Asia's top airline by revenue, has cancelled close to 850 flights over a 4-week period and rescheduled more than 82,000 passengers due to the grounding of the Boeing 787 Dreamliner jet with undiagnosed battery problems.

  • RIM in Day of Reckoning as BlackBerry 10 Launches Wednesday, 30 Jan 2013 | 6:53 AM ET
    BlackBerry 10

    The innovative line of BlackBerry smartphones that Research In Motion will formally unveil on Wednesday has already succeeded on one crucial count - getting RIM back in the conversation.

  • BP Pays Record $4 Billion in Criminal Penalties Wednesday, 30 Jan 2013 | 2:31 AM ET
    Smoke rises from a controlled burn May 19, 2010, in the Gulf of Mexico.

    A U.S. judge accepted an agreement by BP to plead guilty for its role in the Deepwater Horizon disaster and pay a record $4 billion in criminal penalties for the worst offshore oil spill in U.S. history.

  • JPMorgan Bet Against Itself in 'Whale' Trade Wednesday, 30 Jan 2013 | 1:44 AM ET
    jpmorgan loss--808785426_v2.jpg

    There is a new twist in the London Whale trading scandal that cost JPMorgan Chase $6.2 billion in trading losses last year. Some of the firm's own traders bet against the very derivatives positions placed by its chief investment office, said three people familiar with the matter.

  • Australia Floods Cast Pall Over Wesfarmers Outlook Tuesday, 29 Jan 2013 | 9:55 PM ET
    Coal Mining: Very Risky Business

    Australian mining-to-retail conglomerate Wesfarmers on Wednesday cut its full-year coal sales forecast, citing flooding in Australia and weak demand in Asia that is depressing sales prices.

  • Hynix Returns to Profit, but Misses on Sales Forecast Tuesday, 29 Jan 2013 | 7:10 PM ET

    South Korean chipmaker SK Hynix returned to a quarterly profit on Wednesday on demand from mobile device makers such as Apple, but it fell far short of forecasts on weak sales of computer chips and a strong won.

  • Chesapeake CEO to Step Down; Shares Jump After-Hours Tuesday, 29 Jan 2013 | 6:58 PM ET

    Chesapeake Energy, battling a governance crisis and financial strain, said that CEO Aubrey McClendon is leaving the company.

  • Chinese Firm Wins A123 Despite US Tech Transfer Fears Tuesday, 29 Jan 2013 | 6:40 PM ET
    A123 Systems logo

    China's largest auto parts maker won U.S. government approval to buy A123 Systems Inc, a bankrupt maker of electric car batteries that was funded with U.S. government money, a source familiar with the situation said on Tuesday.

  • Anglo American's $4 Billion Hit Clears Way for New CEO Tuesday, 29 Jan 2013 | 4:52 PM ET

    Anglo American took a $4 billion hit to its Minas Rio project on Tuesday, clearing the decks for new boss Mark Cutifani and indicating that the delayed Brazilian operation will eventually get off the ground.

  • Stuck in Reverse, Detroit Edges Closer to Bankruptcy Tuesday, 29 Jan 2013 | 1:58 AM ET
    Bentley GT Speed Convertible

    At the Detroit Auto Show earlier this month, luxury was in the air. Pricey new Bentleys and Maseratis glittered - including a Maserati 2014 Quattroporte with a $132,000 price tag; U.S. Cabinet Secretaries and dignitaries rubbed shoulders; and many of the well-heeled attendees ponied up for a $300-a-ticket black-tie charity ball.

  • G20 Unlikely to Pressure Japan Over Weakening Yen Monday, 28 Jan 2013 | 7:09 PM ET

    The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • Is India's Long Wait for a Rate Cut Finally Over? Monday, 28 Jan 2013 | 6:04 PM ET

    India's central bank is widely expected to make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation.

  • Toyota Regains Top Spot in Car Sales, Toppling GM Monday, 28 Jan 2013 | 1:06 AM ET

    Toyota Motors regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.

  • Japan Leader Urges Swift Action From Central Bank Monday, 28 Jan 2013 | 12:34 AM ET
    Japan's Prime Minister Shinzo Abe

    Japanese Prime Minister Shinzo Abe, vowing to overcome what he called an economic crisis facing the nation, urged the Bank of Japan (BOJ) on Monday to hit its inflation target as soon as possible, keeping up pressure on the central bank to make good its promise of bolder action to overcome deflation.

  • China-bank-teller-counting-money-new_200.jpg

    China's central bank is signaling it is abandoning its traditional role in the domestic currency market as the ready supplier of liquidity, forcing corporations to bear more risk so that they learn how to cope with a more volatile yuan.

  • For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.

  • Samsung Galaxy S III smartphone

    Apple iconic iPhone is losing some of its luster among Asia's well-heeled consumers in Singapore and Hong Kong, a victim of changing mobile habits and its own runaway success.

  • Investigators Still Unable to Find Cause of 787 Fire Sunday, 27 Jan 2013 | 6:14 PM ET

    Further testing still has not found the cause of a battery fire aboard a Boeing Co 787 Dreamliner in Boston earlier this month.