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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • Nov 6- Freddie Mac reported a third-quarter profit on Tuesday, driven by a U.S. housing market on the mend, and said it was not requesting additional funds from the U.S. Freddie Mac had net earnings of $2.9 billion in the quarter that ended Sept. 30, contrasting a $4.4 billion loss a year earlier.

  • The company has been working on keeping customers who switched to its stores during an impasse between larger drugstore rival Walgreen Co and pharmacy benefits manager competitor Express Scripts Holding Co.. Walgreen did not fill Express Scripts prescriptions from the beginning of the year until mid-September.

  • PARIS, Nov 6- France is to grant 20 billion euros in annual tax credits to companies as a way of lowering labour costs, in a tougher-than-expected response to calls from business heads to reverse decades of industrial decline.

  • December crude was up $1 at $86.65 a barrel at 9:13 a.m. EST, having traded from $85.42 to $86.80.

  • NEW YORK, Nov 6- U.S. stock index futures pointed to a higher open on Tuesday, putting the S&P 500 on track for a second straight advance as Americans went to the polls to elect the country's president.

  • Nov 6- Marathon Oil Corp on Tuesday reported an 11 percent increase in quarterly profit as oil and gas production rose. Profit in the third quarter was $450 million, or 63 cents per share, compared with $405 million, or 57 cents per share, in the same quarter a year earlier.

  • UPDATE 2-AOL ad sales boost third quarter profits Tuesday, 6 Nov 2012 | 2:09 PM ET

    *Third-qtr EPS of 22 cents beats Wall Street view of 17 cents. Nov 6- AOL Inc reported higher-than-expected revenue and profit on the strongest advertising growth the company has seen in seven years.

  • *Office Depot, OfficeMax top Wall Street's profit estimates. NEW YORK, Nov 6- Tight cost controls helped U.S. office supply retailers Office Depot Inc and OfficeMax Inc offset weaker-than-expected sales in the third quarter. Same-store sales at Office Depot's 1,090 North American stores fell 4 percent for the third quarter.

  • CORRECTED-Marathon Oil quarterly profit rises Tuesday, 6 Nov 2012 | 2:00 PM ET

    Profit in the third quarter was $450 million, or 63 cents per share, compared with $405 million, or 57 cents per share, in the same quarter a year earlier.

  • *Anger, resignation on streets of Athens. The strike, called by Greece's two biggest labour unions representing half of the four million-strong workforce, brought public transport to a virtual standstill and shuttered schools, banks and local government offices.

  • LONDON- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, gloomy data shows. ( EUROPE- ECONOMY/, moved, by Andy Bruce, 640 words).

  • *DirecTV says July dispute with Viacom increased Q3 churn. Nov 6- Satellite TV provider DirecTV saw more U.S. subscribers than expected cancel in the quarter due to a programming dispute with Viacom that blacked out channels such as Nickelodeon and MTV for nine days in July.

  • BUSINESS-NEWS-SCHEDULE AT 1330 GMT / 08.30 AM ET Tuesday, 6 Nov 2012 | 1:52 PM ET

    LONDON- The fourth quarter has so far brought no improvement in the fortunes of most of Europe's economies, which now risk shrinking more than previously expected, gloomy data shows. ( EUROPE- ECONOMY/, moved, by Andy Bruce, 640 words).

  • *China spot copper demand still sluggish. Worries about a fiscal cliff in the U.S., an upcoming leadership transition in China and Greece's strike over a new austerity package also kept sentiment in check. Federal Reserve, the promise of bond buying by the European Central Bank and stimulus measures in Japan and China.

  • Cablevision posts quarterly loss Tuesday, 6 Nov 2012 | 1:40 PM ET

    Nov 6- Cablevision Systems Corp reported a quarterly loss on Tuesday as its costs rose even as its revenue increased. The cable service provider posted a loss of $3.8 million or 1 cent per share compared with a profit of $39.3 or 14 cents per share in the year-earlier quarter.

  • Marathon Oil quarterly profit rises Tuesday, 6 Nov 2012 | 1:33 PM ET

    Profit in the third quarter was $450 million, or 63 cents per share, compared with $393 million, or 56 cents per share, in the same quarter a year earlier.

  • SAO PAULO, Nov 6- Brazilian car dealerships cut their 2012 sales forecast in half on Tuesday as short-term tax incentives boosted demand less than was expected in the world's fourth-largest auto market.

  • The most recent Reuters/ Ipsos tracking poll shows a tight national race, with Democratic President Barack Obama up two points against his challenger, Republican Mitt Romney, at 48 percent to 46 percent. Polling averages also show Obama with small but critical leads in Ohio, Virginia and Iowa.

  • NEW YORK, Nov 6- U.S. home prices slipped in September after gaining for six months in a row as values were weighed down by cheaper distressed sales, data from CoreLogic showed on Tuesday. CoreLogic Inc's home price index fell 0.3 percent from August.

  • LONDON, Nov 6- Natural gas will struggle beyond niche applications in U.S. transport despite a widening discount to rival fuels, given a shortfall in distribution compared with gasoline, biofuels and electric vehicles. Shale gas production has up-ended power generation, under-cutting the economics of older coal plants and new nuclear.