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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • Feb 4- U.S. private employers added 213,000 jobs in January, falling short of the median forecasts of analysts, a payrolls processor report showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 225,000 jobs. The ADP figures come ahead of the U.S. Labor Department's more comprehensive non-farm...

  • IMF SAYS HAS NOT BEEN IN DISCUSSION WITH GREECE ABOUT CHANGE IN DEBT FRAMEWORK.

  • PORTFOLIO MANAGER HASENSTAB MAINTAINED POSITIONS IN UKRAINE DEBT DESPITE COUNTRY'S TURMOIL, FALLING BOND PRICES.

  • MARKET VALUE OF TEMPLETON GLOBAL BOND FUND' S UKRAINE HOLDINGS FELL 29 PCT TO $1.8 BLN IN FOURTH QUARTER- FUND DISCLOSURE.

  • TEMPLETON GLOBAL BOND FUND HAS $69 BILLION IN NET ASSETS AND IS ONE OF UKRAINE'S BIGGEST DEBT HOLDERS.

  • Feb 4- Medical device maker Boston Scientific Corp posted a 19 percent fall in fourth-quarter profit as litigation charges more than doubled. Boston Scientific, along with Johnson& Johnson, awaits a New York federal court decision in what could culminate into the final leg of a more than eight-year battle between the two. J&J is seeking more than $7.2 billion in...

  • RIO DE JANEIRO, Feb 4- The chief executive and other senior management at Brazil's Petrobras resigned on Wednesday amid a festering corruption scandal, sending shares higher as the government scrambled to find replacements capable of restoring investor confidence in the state-run oil company. Petrobras shares rose more than 6 percent in early trading in...

  • *PM Tsipras says Greece will respect EU rules. FRANKFURT/ BRUSSELS, Feb 4- Greece's new leftist government appealed to the European Central Bank on Wednesday to keep its banks afloat and vowed to respect European Union rules as it seeks a negotiated solution with euro zone partners to reduce its debt burden. Finance Minister Yanis Varoufakis said after meeting...

  • LONDON, Feb 4- Gold rose on Wednesday, reversing a 1 percent in the previous session, as European share prices dropped and China's central bank moved to make more money available for lending to help stimulate its flagging economy. "Gold's rally this year has partly been based on this premise that central banks are losing their fight against slower growth and...

  • Feb 4- Intact Financial Corp, Canada's largest property and casualty insurer, reported a near-doubling in quarterly profit, driven by higher underwriting income as claims related to natural disasters fell. Intact, the former Canadian insurance arm of Dutch financial group ING Groep, said catastrophe losses fell by C $45 million from a year earlier when severe...

  • LONDON, Feb 4- Thousands of bond, currency and commodities traders in London should have to pass an exam and obtain a new qualification to trade as part of attempts to raise standards, Britain's bank lobby group said on Wednesday. "This is a once in a generation chance to clean up financial markets-- we must seize it," BBA Chairman Anthony Browne said in the group's...

  • CHICAGO, Feb 4- Whirlpool Corp on Wednesday said its fourth-quarter profit fell due to costs from recent acquisitions, but excluding those costs, the results beat market expectations. Whirlpool reported a net profit of $81 million, or $1.02 a share, down more than 55 percent from $181 million, or $2.26 a share, a year earlier. Last July Whirlpool acquired a majority...

  • US STOCKS-Futures dip after 2-day run; ADP data on tap Wednesday, 4 Feb 2015 | 7:43 AM ET

    NEW YORK, Feb 4- U.S. stock index futures dipped on Wednesday, after a two-day rally for the S&P 500 ahead of data on the labor market and the services sector. *Investors will eye the January private-sector employment report from payrolls processor ADP at 8:15 a.m. for signs of continuing improvement in the labor market. *Later in the session at 9:45 a.m., financial...

  • BRIEF-GM Q4 revenue $39.6 bln Wednesday, 4 Feb 2015 | 7:41 AM ET

    *GM FY Adjusted EBIT of $6.5 billion includes $2.8 billion in recall related costs and restructuring costs of $1 billion. *GM says lost $400 million in EBIT-Adjusted in Europe in Q4; $100 million EBIT-adjusted in South America in Q4 versus break-even. *GM North America made $2.2 billion in EBIT-adjusted in Q4 versus $1.9 billion year-earlier.

  • RIO DE JANEIRO, Feb 4- Maria das Gra├žas Foster, chief executive officer of state-run oil company Petroleo Brasileiro SA, and five other senior executives resigned on Wednesday, according to a filing with Brazil's securities regulator.

  • BRIEF-GM SAYS TO PAY 48,400 UAW UNION WORKERS ANNUAL BONUS OF. *GM says to pay 48,400 UAW union workers annual bonus of up to $9,000. *GM Says Full $9,000 bonus to go to all full-time GM union workers.

  • *Novartis deal on track to close in first half 2015. GSK is also banking on an asset swap with Novartis to help revive its fortunes, and looking to unlock value by floating its HIV unit ViiV Healthcare. GSK is buying vaccines, selling cancer drugs and forming a consumer health joint venture with Novartis in a $20- billion transaction designed to ensure more stable...

  • Feb 4- Staples Inc, the No. 1 U.S. office supplier, agreed to buy nearest rival Office Depot Inc in a $6.3 billion cash-and-stock deal to better compete against online and big-box retailers. Staples said it would pay $7.25 per share in cash and 0.2188 of its shares for each Office Depot share. The offer, which is likely to face close antitrust scrutiny, values Office...

  • GM SAYS BOARD MUST APPROVE THE INCREASE AT ITS SECOND QUARTER MEETING.

  • GM CFO SAYS THAT DECISION IS BECAUSE OF OPEN ITEMS RELATED TO IGNITION SWITCH RECALL THAT COULD REQUIRE CASH.