GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • RIO DE JANEIRO, Feb 9- By picking a banker instead of an oil executive to run Petrobras, Brazilian President Dilma Rousseff appears to have recognized that the state-run company's biggest priority is to clean up its books and acknowledge how many billions of dollars it lost to a corruption scheme in recent years. While some voice respect for Bendine, who was...

  • Feb 9- Standard& Poor's cut the ratings and outlook of several oil producing countries in the Middle East, including Saudi Arabia and Bahrain, citing the recent sharp decline in oil prices. Oil producers' organization OPEC, which counts Saudi Arabia as one of its prominent members, decided late last year to maintain its output despite slowing demand.

  • HOUSTON, Feb 9- U.S. oil and gas producer SandRidge Energy Inc plans to slash its rig count in Oklahoma and Kansas by nearly 75 percent, according to a document obtained by Reuters. The document makes no mention of rigs in West Texas, where the company also has acreage. It laid off 25 workers in West Texas in January, state data shows.

  • SAYS SUBSIDIES OBTAINED THROUGH HEALTHCARE.GOV REDUCED AVERAGE 2015 MONTHLY INSURANCE PREMIUMS TO $105, FROM $374, AS OF JAN. 30.

  • GOVT SAYS MONTHLY 2015 OBAMACARE INSURANCE SUBSIDIES AVERAGING $268 FOR 6.5 MLN PEOPLE WHO QUALIFIED THROUGH HEALTHCARE.GOV.

  • LOS ANGELES, Feb 9- U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing chronic cargo backups the shippers and dockworkers have blamed on each other during months of labor tensions. The companies, represented by the Pacific Maritime Association, have accused...

  • Feb 9- Standard& Poor's lowered its outlook on Saudi Arabia to "negative" from "stable" as a result of the steep decline in oil prices. "We view Saudi Arabia's economy as undiversified and vulnerable to a steep and sustained decline in oil prices," Standard& Poor's said in a statement on Monday. The ratings agency maintained its "AA negative" rating on Saudi Arabia's...

  • CAPE CANAVERAL, Fla. Feb 9- Space Exploration Technologies will try again Tuesday to launch a Falcon 9 rocket with a U.S. satellite intended to watch for threatening solar storms, NASA said on Monday. Liftoff from Cape Canaveral Air Force Station in Florida had been planned for Sunday, but was called off two minutes before launch because of a problem with an Air...

  • WASHINGTON/ DONETSK, Ukraine, Feb 9- U.S. President Barack Obama made clear he was some way from a decision on whether to arm Ukraine in its conflict against Russian-backed rebels, saying on Monday he still hoped for a diplomatic solution. Russia had violated a September peace deal by sending more tanks and artillery into eastern Ukraine, Obama said, adding that he...

  • SAN JUAN/ NEW YORK, Feb 9- Puerto Rico said on Monday it would appeal a U.S. ruling that voided the island's restructuring law, saying it left it in legal limbo and struggling to find a way to manage its debt load. "We are left deprived of the only instrument available to manage our debt in an organized form," Puerto Rico Justice Secretary Cesar Miranda said in a statement.

  • WASHINGTON, Feb 9- HSBC Holdings plc could see its 2012 deferred prosecution deal with U.S. authorities over anti-money laundering lapses reopened as a result of separate, ongoing probes into the bank's alleged role in manipulating currency rates and helping Americans evade taxes, a U.S. law enforcement official said on Monday. "It is quite possible that the may...

  • WILMINGTON, Delaware, Feb 9- Bankrupt electronics retailer RadioShack Corp got court approval on Monday to borrow $10 million to support its operations until it opens the bidding this month for its best-performing stores. RadioShack, which filed for Chapter 11 bankruptcy last week, has an initial deal to sell as many as 2,400 of its 4,100 stores to an affiliate...

  • President Barack Obama on Monday expressed concerns that lethal weapons and other military assistance provided to Ukraine during its conflict with Russian-backed separatists could "fall into the wrong hands." "Can we be certain that any lethal aid that we provide Ukraine is used properly, doesn't fall into the wrong hands, does not lead to over-aggressive...

  • LONDON, Feb 9- The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slid to an all-time low on Monday as sluggish cargo demand especially from China battered sentiment. In one of the first casualties of the recent downturn, privately-owned shipping company Copenship said last week it had filed for bankruptcy in...

  • WASHINGTON, Feb 9- The U.S. Securities and Exchange Commission on Monday proposed rules to require public companies to tell investors whether they allow their staff to hedge the value of their corporate stock and options. The rules were mandated by the 2010 Dodd-Frank Act to reform Wall Street, the securities watchdog said. In a statement, SEC Chair Mary Jo White...

  • WASHINGTON, Feb 9- German Chancellor Angela Merkel said on Monday that she would wait for Greece to make a sustainable proposal for repaying its debts and other reforms and then discuss what to do next. "I think what counts is what Greece will put on the table," Merkel said at a news conference in Washington. European officials have shown little willingness so far to...

  • LOS ANGELES, Feb 9- U.S. West Coast port operations resumed in full on Monday after shipping companies suspended loading and unloading of freighters for the weekend, citing chronic cargo backups the shippers and dockworkers have blamed on each other during months of labor tensions. The companies, represented by the Pacific Maritime Association, have accused...

  • *Scheme extracted $150 million from UCO Bank- source. NEW DELHI/ MUMBAI, Feb 9- India's central bank has ordered banks to tighten monitoring of export finance deals after investigators uncovered an invoicing scam they suspect is part of a multi-billion-dollar scheme to exploit Western financial sanctions against Iran. According to sources familiar with the...