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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • NEW YORK, Feb 6- Strong U.S. labor market data for January lifted Wall Street stocks and drove up government bond yields on Friday as investor expectations of a Federal Reserve move to raise interest rates by midyear increased. This is a great reason to buy, especially since the stock market is the only place you can find yield right now, "said Todd Schoenberger,...

  • WRAPUP 1-Isolated Greece rejects bailout extension Friday, 6 Feb 2015 | 10:45 AM ET

    *Greece said to want "bridge agreement" on finances. *Crunch meetings on Greece next week. Varoufakis returned empty-handed from a tour of European capitals in which even left-leaning governments in France and Italy insisted Greece must stick to commitments made to the European Union and International Monetary Fund and rejected any debt write-off.

  • The Securities and Exchange Commission said that the Chinese units of Deloitte, Ernst& Young, PricewaterhouseCoopers and KPMG will each pay $500,000 and admit that prior to 2012, they did not produce documents the SEC had requested. The settlement with the SEC notably does not suspend the firms from practicing as accountants for China- based firms listed in...

  • WHITBY, Ontario, Feb 6- The United States is carrying the world economy at the moment but that is not sustainable, and other major nations must shoulder more of the load, Canadian Finance Minister Joe Oliver said on Friday. Beyond Europe, the growth rates of key emerging economies- China and India- are losing steam, "Oliver said. "Geopolitical crises- in Ukraine, Iraq, and...

  • *fourth-qtr adj profit $0.64/ shr vs. est $0.66. Feb 6- CBOE Holdings Inc, operator of the largest U.S. stock-options market, reported a lower-than-expected quarterly profit as higher expenses offset a surge in trading volumes. Net income allocated to common stockholders rose to $49.1 million, or 58 cents per share, in the fourth quarter ended Dec. 31, from $45.6...

  • *Alcatel-Lucent rises after promising return to profit. LONDON/ PARIS, Feb 6- European stocks touched a seven-year high on Friday, recovering early losses after a robust U.S. jobs report pointed to underlying strength in the world's biggest economy. "There's been an across-the-board improvement in economic data from the United States, which really assuages...

  • MOSCOW, Feb 6- German Chancellor Angela Merkel and French President Francois Hollande arrived in Moscow on Friday for talks with Russian President Vladimir Putin on the Ukraine crisis. The trip by Merkel and Hollande follows five hours of late-night talks with Ukrainian leader Petro Poroshenko in Kiev on Thursday. Their initiative follows fierce fighting...

  • *China 2014 gold consumption fell by a quarter. LONDON, Feb 6- Gold fell up to 2 percent on Friday as global shares and the dollar rose after monthly U.S. non-farm payrolls data showed the United States job market remained on a strong footing. "The U.S. employment report was good and there has been quite a sharp adjustment in interest rates expectations, with 10- year...

  • *Saudi Arabian prices to Asia lowest in over a decade. LONDON, Feb 6- Brent crude oil was on track for the biggest weekly rise since 2011 as fighting in Libya and stronger economic signals from the United States helped futures rebound from near six-year lows. No sustained recovery is expected in the near term amid rising global inventories and steady OPEC supply.

  • WASHINGTON Feb 6- A troika of international lenders said on Friday that talks aimed at restarting aid to Cyprus had fallen short of an agreement, and they stressed the need for Nicosia to fully reinstate a foreclosure law. "Given the further suspension of the effective application of the foreclosure framework, reaching staff-level agreement on the review was...

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were little changed shortly after the open on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St....

  • ATHENS, Feb 6- The United States told Greece through its ambassador on Friday to work cooperatively with its European colleagues and the International Monetary Fund and that Athens needed to push ahead with reforms. "Greece should continue to make administrative and structural reforms and exercise fiscal prudence," the embassy said in a statement.

  • US 30- YEAR TREASURY BONDS EXTEND PRICE LOSSES TO A FULL POINT, YIELDS INCREASE TO 2.49 PERCENT.

  • NEW YORK, Feb 6- U.S. stocks opened slightly higher on Friday, putting the S&P 500 on track to extend its best weekly gain in seven, after a stronger-than-expected monthly payrolls report.

  • *Burberry, Louis Vuitton have Africa collections. *World has changing attitude towards Africa. Global fashion designers like Yves Saint Laurent took inspiration from Africa decades ago and more recently brands like Burberry, Louis Vuitton and Christian Dior have embraced the continent's style and broadened its appeal.

  • **Corporate networking site's shares up 6.7 pct at $254 in extended trading. **Q4 adjusted profit/share of $0.61 beats average analysts estimate of $0.53. **Q4 revenue rises 44 pct to $643.4 million, above analysts' estimate of $616.8 million.

  • LONDON, Feb 6- Copper fell on Friday as the dollar extended gains after U.S. jobs data beat expectations, but losses were limited by a strong oil price and hopes that Chinese government policies will boost demand. Still copper is up more than 3 percent this week, on track for its biggest weekly gain since early August 2013, as it rebounds further from a 5-1/ 2 year low of...

  • The United States created an exception to its trade embargo of Cuba in 2000 to allow food and medicine sales, but it still denies Cuba credit, forcing it to pay cash up front. Although the United States and Cuba are seeking to restore diplomatic relations after more than five decades of confrontation, the embargo on Cuba remains largely in place.

  • *Canada adds 35,400 jobs in January. OTTAWA, Feb 6- The Canadian economy added 35,400 jobs in January, far more than forecast, though the gains came on the back of more part-time positions, data from Statistics Canada showed on Friday. "That takes a little bit of the shine off of what, on the surface, looks to be a pretty good number," said Doug Porter, chief economist at BMO...

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were set to advance at the open on Friday, putting the S&P 500 on track to extend its best weekly gain in seven, after a stronger-than-expected monthly payrolls report. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment...