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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • 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.

  • *FDA says findings reinforce contamination concerns. The Food and Drug Administration said it identified different types of bacteria in three separate recalled batches of NECC's preservative-free betamethasone and in a single batch of NECC-supplied cardioplegia solution.

  • The interim country strategy, endorsed by the World Bank board at a meeting in Washington, will guide the institution's work in Myanmar, also known as Burma.

  • Nikkei set to rise, test 9,000 ahead of U.S. jobs data Thursday, 1 Nov 2012 | 11:09 PM ET

    TOKYO, Nov 2- Japan's Nikkei share average is expected to open higher and test the key 9,000- mark on Friday as upbeat U.S. consumer confidence and private-sector jobs data lifted sentiment ahead of the key nonfarm payroll figures later in the day.

  • WASHINGTON, Nov 1- A Federal Trade Commission staff report has recommended that the government sue Google for violating U.S. antitrust law because it asked courts to stop the sale of some products that infringe its essential patents, a source told Reuters Thursday.

  • Nov 1- Newmont Mining Corp, the world's second-largest gold producer, reported a 26 percent drop in quarterly profit as production at its giant Indonesian copper and gold mine plummeted and costs rose. Lower ore grades at its Tanami mine in Australia and the Ahafo mine in Africa also weighed on production, Newmont said.

  • UPDATE 2-Vertex posts loss as hepatitis drug sales fall Thursday, 1 Nov 2012 | 10:52 PM ET

    Nov 1- Vertex Pharmaceuticals Inc reported a net loss for the third quarter on Thursday with results hurt by 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.

  • 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.

  • FOREX-Yen under pressure, eyes on U.S. jobs data Thursday, 1 Nov 2012 | 10:46 PM ET

    SYDNEY, Nov 2- The safe-haven yen stayed under pressure on Friday, while commodity currencies held solid gains as investors bet on an upbeat U.S. payrolls report after private employers added jobs at the fastest pace in eight months.

  • Customers forcing changes at PayPal Thursday, 1 Nov 2012 | 10:41 PM ET

    SAN FRANCISCO, Nov 1- A backlash by some customers who have seen PayPal freeze their funds, sometimes for weeks at a time, is forcing the payments unit of eBay Inc to change its anti-fraud policies. PayPal is testing new, relaxed policies that may expose the dominant online payment service to more risk as it tries to tackle an issue that has dented its reputation.

  • Nov 1- Major U.S. airlines moved to build up service in the New York area on Thursday, with the number of canceled flights easing as LaGuardia Airport re-opened for business in the wake of Hurricane Sandy.

  • *FDA says findings reinforce contamination concerns. The Food and Drug Administration said it identified different types of bacteria in three separate recalled batches of NECC's preservative-free betamethasone and in a single batch of NECC-supplied cardioplegia solution.

  • Nov 1- DreamWorks Animation SKG Inc's third-quarter results beat analysts' estimates, riding t he international box office success of `` Madagascar 3: Europe's Most Wanted''. The company said Madagascar 3, which released in June, raked in nearly $720 million worldwide, of which 70 percent was from international markets.

  • *Citigroup, Deutsche Bank, HSBC, JPMorgan Chase top list. *G20 finance ministers meet in Mexico this weekend. Nov 1- Global regulators on Thursday said 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.

  • Nov 1- Chesapeake Energy Corp reported a net loss on Thursday compared with a year-ago profit, as low natural gas prices caused the U.S. oil and gas company to write down the value of some assets.

  • NEW YORK, Nov 1- The fuel supply crisis gripping the New York area deepened on Thursday as the city's iconic taxis started turning away business while drivers searched hours for a tank of gas, and there were growing signs that the worst of the crunch is not over.

  • Nov 1- Starbucks Corp raised its profit forecast for the current fiscal year and plans to speed up new store openings, as strength in its latest quarter and new products, gave the company confidence not seen by many of its peers in the U.S. restaurant industry.