CNBC Utilities Page Latest Business News Wires - Business Headlines


  • WASHINGTON, Nov 2- The White House said on Friday that data showing hiring in the United States increased in October was proof the economy is on the mend, and stressed that the nation needs to stay with President Barack Obama's policies to dig out of hole created by the recession.

  • DUBLIN, Nov 2- Ireland jailed former billionaire Sean Quinn on Friday for failing to disclose assets he was hiding abroad, completing the fall from grace of the richest man in Ireland's ``Celtic Tiger'' boom.

  • UPDATE 4-RBS braced for fines to settle Libor probe Friday, 2 Nov 2012 | 1:48 PM ET

    LONDON, Nov 2- Royal Bank of Scotland faces fines for its part in a global interest rate rigging scandal and wants to reach a settlement as soon as possible.

  • Cooper Tire & Rubber 3Q profit up on lower costs Friday, 2 Nov 2012 | 1:46 PM ET

    FINDLAY, Ohio-- Cooper Tire& Rubber's net income grew more than fourfold in the third quarter, aided by lower raw material costs, new products and cost-cutting efforts. The company earned $74.1 million, or $1.17 per share, for the period that ended Sept. 30. That compares with $17.3 million, or 27 cents per share, a year earlier.

  • LONDON, Nov 2- The reluctance of utilities and makers of appliances and intelligent meters to develop demand response systems undermines a core motive in a massive smart meter rollout in Europe.

  • NEW YORK, Nov 2- The dollar climbed to a more than six-month peak against the yen and a three-week high versus the euro on Friday after data showed the U.S. economy created more jobs than expected last month.

  • LONDON, Nov 2- Gold slid to an eight-week low on Friday as the dollar jumped after data showing higher-than-expected U.S. job creation, the last major signal on the state of the world's largest economy before elections next Tuesday. Spot gold was at $1,695.65 at 1325 GMT, down 1.42 percent, having touched an eight-week low of $1,692.19 after the data.

  • Newmont Mining shares fall on 3Q miss Friday, 2 Nov 2012 | 1:42 PM ET

    Newmont Mining Corp.' s shares fell in trading Friday after the largest gold producer in the U.S. reported disappointing third-quarter results. THE SPARK: Newmont said Tuesday that its net income dropped 26 percent to $367 million, or 74 cents per share.

  • WASHINGTON, Nov 2- Republican presidential contender Mitt Romney said on Friday the uptick in the U.S. employment rate to 7.9 percent shows the economy continues to struggle.

  • BOGOTA, Nov 2- Colombia's stock exchange suspended trading of Grupo Interbolsa's shares for five working days after the country's regulator took over the group's stock brokerage arm, traders said citing a statement from the bourse.

  • BOGOTA, Nov 2- Colombia's stock exchange suspended trading of Grupo Interbolsa's shares for five working days after the country's regulator took over the group's stock brokerage arm, traders said citing a statement from the bourse.

  • Nov 2- More than 1.3 million homes and businesses in New York and 1.4 million in New Jersey were still without power on Friday, four days after Hurricane Sandy slammed into the U.S. East Coast, the states' power companies said.

  • Too soon to estimate insured losses from Sandy -RMS Friday, 2 Nov 2012 | 1:35 PM ET

    Nov 2- The damage from the powerful storm Sandy is so widespread that it is too soon to estimate losses, a leading disaster assessment firm, RMS, said on Friday, in contrast to rivals projecting possible insured losses of $7 billion to $20 billion.

  • LONDON, Nov 2- Copper fell on Friday, on course for the fourth weekly drop, pressured by concerns about demand from top consumer China and as the dollar rose following better-than-expected labour market data from the United States.

  • NEW YORK, Nov 2- U.S. stocks opened higher on Friday as U.S. employers stepped up hiring in October, with a stronger-than-expected payroll report serving as a hopeful sign for a lackluster economy. The Dow Jones industrial average was up 51.22 points, or 0.39 percent, at 13,283.84. The Nasdaq Composite Index was up 9.21 points, or 0.31 percent, at 3,029.27.

  • *Raised exposure to US, Japan, Mexico, South Korea, Russia. OSLO, Nov 2- Norway's $660 billion sovereign wealth fund continued its long-term plan to cut investments in Europe in the third quarter, slashing its holdings of Spanish and French debt just as those countries try to recover investors' trust.

  • Nov 2- South Korean automakers Hyundai Motor Co and Kia Motors Corp overstated the gasoline mileage for a majority of their 2012 and 2013 models, the U.S. Environmental Protection Agency said on Friday.

  • Nov 2- Thomson Reuters Corp reported on Friday a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

  • *Economy adds 1,800 net new jobs; forecast was for 5,000. OTTAWA, Nov 2- Canada's job market stalled in October after two months of strong hiring, Statistics Canada data showed on Friday, confirming expectations employment gains would ease to reflect sluggish economic growth.

  • BOGOTA, Nov 2- Colombia's regulator said on Friday that it was taking administrative control of the country's biggest stock brokerage, Interbolsa, over a liquidity problem. Colombia's stock market opens at 0830 local time.