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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • NEW YORK, Nov 5- World stocks fell and the dollar edged up on Monday as investors played it safe before Americans choose their president and Greece headed into two key votes to secure further rescue funds.

  • Euro zone's "phone number" revealed - economist Monday, 5 Nov 2012 | 5:44 PM ET

    The two top interlocutors are the International Monetary Fund in Washington and the European Central Bank in Frankfurt, far outstripping the politicians officially in charge of running the 17- nation single currency area.

  • Democratic President Barack Obama and his challenger, Republican Mitt Romney, dashed through a handful of swing states, stumping for votes on the last day of the race for the White House.

  • DETROIT, Nov 5- General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.S. automaker. Thirty-five banks from 14 countries, led by JPMorgan Chase& Co and Citigroup Inc, participated in the deal.

  • *NYSE teams up with Brazil's ATG for liquidity pool. NYSE is a minority partner with about 20 pct stake.

  • ISTANBUL, Nov 5- Turkey regained its investment grade credit rating on Monday after an 18 year gap, endorsing an economic transformation achieved in the past decade under Prime Minister Tayyip Erdogan.

  • LONDON, Nov 5- Copper hit two-month lows on Monday as the U.S. presidential election, a leadership transition in China and two central bank meetings this week kept risk-prone investors on the sidelines of financial markets.

  • MEXICO CITY, Nov 5- The Reserve Bank of India may ease monetary policy in January if growth and inflation develop as expected, Governor Duvvuri Subbarao said on Monday.

  • *Netflix shares up 1 pct. Nov 5- Netflix Inc adopted a poison pill defense against a hostile takeover, days after activist investor Carl Icahn disclosed a stake in the video rental company. The move is aimed at preventing an outsider who lacks Netflix board approval from accumulating a stake of 10 percent or more, the company said in a statement.

  • NEW YORK, Nov 5- Oil prices rose on Monday in very choppy trading as investors remained cautious ahead of the U.S. presidential election and with the recovery from Hurricane Sandy under way in the affected East Coast region.

  • NEW YORK, Nov 5- The euro fell to a near two-month low against the U.S. dollar on Monday on uncertainty over a Greek vote on reforms needed to secure international aid and as investors awaited the U.S. elections on Tuesday.

  • Nov 5- TE Connectivity Ltd reported a higher-than-expected quarterly profit, but the maker of electronic connectors used in cars and consumer devices gave a forecast below Wall Street estimates, saying the economy was weaker than expected.

  • *Argentina will appeal, case could reach U.S. Supreme Court. BUENOS AIRES, Nov 5- Argentina could face a credit crisis a decade after its $100 billion default due to a U.S. court ruling that says the country must pay creditors, who still hold defaulted bonds, every time it services its restructured debt.

  • *Greece, U.S. elections underpin demand for safety. LONDON, Nov 5- Two-year German bond yields fell below zero on Monday as low-risk assets rallied before an uncertain U.S. presidential election and another make-or-break parliamentary vote in Greece.

  • MEXICO CITY, Nov 5- The world's leading economies will give themselves more wiggle room to meet their own targets for cutting budget deficits rather than risk aggravating a slowdown in many countries, chief among them the United States. It now looks out of reach for many economies, including the United States, as growth has slowed.

  • LOS ANGELES, Nov 5- Taking a daily multivitamin does not reduce the risk of cardiovascular disease for older men, according to a study presented on Monday. About half of U.S. adults take at least one daily dietary supplement, the most popular being a multivitamin, according to the U.S. Centers for Disease Control and Prevention.

  • Nov 5- Stifel Financial Corp said on Monday it would buy smaller rival KBW Inc in a cash-and-stock deal valued at about $575 million, creating a middle-market investment bank focused on the financial services industry.

  • MEXICO CITY, Nov 5- Leading economies in the Group of 20 will make sure they do not tighten budgets so quickly as to hurt growth, according to a draft communique drawn up for top G20 finance officials meeting on Monday.

  • Nov 5- Morgan Stanley's co-president of institutional securities, Paul Taubman, will retire at the end of the year, the bank said on Monday, ceding full control of the powerful investment banking and trading operation to his co-president and rival, Colm Kelleher.

  • LONDON, Nov 5- A U.S. fine for anti-money laundering rule breaches could cost HSBC significantly more than $1.5 billion and is likely to lead to criminal charges, Europe's biggest bank said on Monday.