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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • New Zealand carbon scheme on hold as prices plunge Friday, 2 Nov 2012 | 5:41 AM ET

    *New Zealand carbon prices plummet. WELLINGTON, Nov 2- Just two years after expanding a scheme that was feted as the world's only emissions trading scheme outside of Europe, New Zealand has effectively put the scheme on hold, just as other nations step into the carbon trading arena.

  • PBOC slows yuan rise with weaker fix for second day Friday, 2 Nov 2012 | 5:23 AM ET

    *China cenbank intervention stems yuan rise, traders say. SHANGHAI, Nov 2- China's central bank tightened its grip on yuan appreciation with a second straight weaker midpoint fixing on Friday, pushing the yuan slightly lower, but traders said demand for the currency remained robust. The People's Bank of China has kept the midpoint virtually flat since Oct. 17.

  • *Sony shares gain 3 pct after rise in quarterly profit. TOKYO/ HONG KONG, Nov 2- Shares of Japan's Sharp Corp fell on Friday as worries about the TV and display maker's future deepened a day after it warned of a $5.6 billion net loss for this year and said it might not be able to survive on its own.

  • *Residents of hard-hit Staten Island complain of being ignored. NEW YORK, Nov 2- From New York City's Staten Island to the popular beach towns of the Jersey Shore, rescuers and officials on Friday faced growing evidence of widespread destruction wrought by superstorm Sandy, mounting anger over delayed relief and a rising death toll.

  • SAN FRANCISCO, Nov 1- Two weeks before trial in a high-stakes lawsuit pitting Google's Motorola Mobility unit against Microsoft, Google made what has become a common request for a tech company fighting for billions of dollars: a public court proceeding conducted largely in secret.

  • SINGAPORE, Nov 2- Brent crude slipped below $108 a barrel on Friday as investors look ahead to key jobs data from the United States for more signs of economic recovery, which would boost fuel demand.

  • PRECIOUS-Gold edges down ahead of US jobs data Friday, 2 Nov 2012 | 4:03 AM ET

    *Spot gold may fall to $1,698.39/ oz- technicals.

  • WASHINGTON, Nov 2- The U.S. unemployment rate probably rose in October as employers stepped up hiring only slightly, underscoring President Barack Obama's vulnerability in next week's presidential election.

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a lower-than-expected quarterly profit after a steep fall in production and a sharp rise in costs at its big Batu Hijau copper and gold mine in Indonesia.

  • US Oct. jobs report likely to show modest hiring Friday, 2 Nov 2012 | 3:02 AM ET

    Any increase in the rate would mean that President Barack Obama would face voters with the highest unemployment rate of any incumbent since Franklin Roosevelt. In 1976, President Gerald Ford lost to Jimmy Carter when unemployment was 7.8 percent.

  • Oil prices fall amid subdued demand after storm Friday, 2 Nov 2012 | 1:28 AM ET

    BANGKOK-- Expectations that demand for crude would likely be subdued in the aftermath of the massive storm that slammed into the U.S. East Coast earlier this week caused oil prices to sag on Friday. Benchmark crude for December delivery fell 28 cents at midday Bangkok time to $86.81 per barrel in electronic trading on the New York Mercantile Exchange.

  • *Citigroup, Deutsche Bank, HSBC, JPMorgan Chase top list. *G20 finance ministers meet in Mexico this weekend. Nov 1- Citigroup Inc, Deutsche Bank, HSBC and JPMorgan Chase& Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.

  • SINGAPORE, Nov 2- Gold traded little changed on Friday, remaining on track to snap three weeks of losses, with investors waiting for a key U.S. employment report later in the day for further clues on the health of the world's top economy. *Spot gold was little changed at $1,715.59 an ounce by 0026 GMT, on course for a slight weekly rise of 0.3 percent.

  • Nov 1- Professional social network LinkedIn Corp topped Wall Street's third-quarter profit and revenue targets, as advertising rates increased and sales from its hiring services nearly doubled.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year after sales in its top market of the United States topped expectations, giving the company optimism that has eluded much of the U.S. restaurant industry in recent months.

  • WASHINGTON, Nov 1- Standard Chartered is close to wrapping up discussions to resolve U.S. investigations into its Iran- linked transactions and nearing agreement on a fine in the $300- million range, mirroring a much-publicized state settlement over similar allegations, according to four people familiar with the matter.

  • NEW YORK/ SEASIDE HEIGHTS, N.J., Nov 1- Rescuers searched flooded homes for survivors, drivers lined up for hours to get scarce gasoline and millions remained without power on Thursday as New York City and nearby towns struggled to recover from one of the biggest storms to hit the United States.

  • *3rd quarter EPS 86 cents vs 97 cents expected by Wall Street. Sees 2013 EPS $3.85 to $4.35, short of estimates. The breakdown of the two projects was about two-thirds Peru and a third Australia, Fluor said, and their removal knocked the overall backlog down to $40.8 billion at the end of the third quarter from $43 billion three months before.

  • WELLESLEY, Mass., Nov 1- The Federal Reserve should buy bonds at least until the U.S. jobless rate falls below 7.25 percent, a top Fed official said on Thursday, pitching a plan that includes the first specific target for ending the central bank's quantitative easing program.

  • *3rd quarter net loss 27 cents a share. Nov 1- Vertex Pharmaceuticals Inc reported a net loss for the third quarter on Thursday with results hurt by fast-declining sales of its Incivek hepatitis C drug, as the company turned its attention to developing a next generation of treatments for the serious liver disease.