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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • This Week, Watch What Central Bankers Say, Not Do Sunday, 3 Feb 2013 | 7:02 PM ET
    European Central Bank (ECB) headquarters in Frankfurt, Germany.

    Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.

  • China's Rancid Haze Puts Spotlight on Oil Giants Sunday, 3 Feb 2013 | 6:03 PM ET

    The search for culprits behind the rancid haze enveloping China's capital has turned a spotlight on the country's two largest oil companies and their resistance to tougher fuel standards.

  • Silvio Berlusconi

    Italy's former Prime Minister Silvio Berlusconi announced his "last great electoral and political battle" on Sunday.

  • BlackBerry Z10 and iPhone 5 smartphones

    The company must chart a tough course: quickly launch cheaper handsets to woo lower-end subscribers while restoring its tattered brand among the countries' status-conscious.

  • MF Global Customers Will Get Money Back: Freeh Sunday, 3 Feb 2013 | 3:04 PM ET
    A Year After MF Global’s Collapse, Brokerage Firms Feel Less Pressure for Change

    Former customers of Jon Corzine's collapsed brokerage MF Global would recover most, and probably all, of their money under the latest projections by the trustee liquidating its bankrupt parent company.

  • Reid: US Congress Will Pass Immigration Legislation Sunday, 3 Feb 2013 | 2:57 PM ET
    A petitioner holds a US flag during a naturalization ceremony.

    The top Senate Democrat on Sunday predicted that Congress will pass and send to President Barack Obama legislation overhauling the U.S. immigration system, saying "things are looking really good." Obama last week expressed hope Congress can get a deal done on immigration, possibly in the first half of the year.

  • Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.

  • Hedge Funds Up Bets Against Italy's Monte Paschi Sunday, 3 Feb 2013 | 9:24 AM ET

    London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.

  • New Measures to Lift Veil on Banks' Capital Ratios Sunday, 3 Feb 2013 | 9:17 AM ET

    The game may soon be up for banks that have made themselves look healthier by understating how risky their businesses are, which should help pension funds, savers and companies to decide which institutions to invest in.

  • ANA in Talks With Boeing to Speed Up 777 Jet Deliveries Saturday, 2 Feb 2013 | 11:05 PM ET

    Japan's All Nippon Airways is in talks with U.S. aircraft maker Boeing to speed up the delivery of three 777 jetliners as its fleet of 787 Dreamliner airplanes remains grounded with undiagnosed battery problems, the Nikkei newspaper said on Sunday.

  • Weak Yen Yet to Reach Corporate Japan's Bottom Line Saturday, 2 Feb 2013 | 8:50 PM ET

    Currency hedging cost Japanese companies such as Honda Motor the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings.

  • Declining Car Sales Sink European Upturn Hopes Saturday, 2 Feb 2013 | 5:00 AM ET
    The Boredom Index? Americans and Their Cars and Trucks

    Car sales extended their declines in France, Spain and Italy last month, data showed on Friday, leaving little hope of a European auto market rebound anytime soon.

  • Google is to pay 60 million euros into a special fund to help French media develop their presence on the Internet.

  • Denmark's Nokia Moment on $100 Billion Stock Friday, 1 Feb 2013 | 6:37 AM ET
    Copenhagen, Denmark

    Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.

  • Denmark Faces Nokia Moment on $100 Billion Stock Friday, 1 Feb 2013 | 5:28 AM ET

    Denmark is facing its "Nokia moment"; drugmaker Novo Nordisk has ballooned into a $100 billion giant, dominating its home stock market just as the Finnish firm did at the height of the 1990s tech boom.

  • Beef Price Spike Makes $1 Burger Harder to Stomach Friday, 1 Feb 2013 | 2:33 AM ET

    McDonald's popular $1 McDouble cheeseburger, which has lured customers to the Golden Arches since 2008, is getting hard to sustain as rising beef prices threaten the company's profit margin.

  • The grand opening Louis Vuitton shop in Hong Kong.

    Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.

  • Dell Buyout Deal Could Come as Soon as Monday Friday, 1 Feb 2013 | 1:55 AM ET
    Michael Dell, Founder, Chairman, and CEO of Dell, Inc.

    Dell is nearing an agreement to sell itself to a buyout consortium led by its founder and Chief Executive Michael Dell and private equity firm Silver Lake Partners.

  • Treasury Able to Buy More Time If Debt Limit Returns Thursday, 31 Jan 2013 | 9:44 PM ET
    Fed Holding Firm With Help to Slow-Growth Economy

    The U.S. Treasury Department said it could redeploy emergency cash measures from May 19 if necessary to ensure the government could keep borrowing money, a Treasury official said on Thursday.

  • Iran Oil Exports to Asia Fell by a Quarter in 2012 Thursday, 31 Jan 2013 | 7:04 PM ET
    FILE - An Iranian oil technician makes his way to the oil separator facilities in Iran's Azadegan oil field southwest of Tehran.

    Iran's crude exports to its biggest customer, Asia, fell by a quarter in 2012 and shipments this year are expected to drop by at least 12 percent under U.S. sanctions pressure, but ample alternative supplies will keep refiners flush with oil.