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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Emcor Group's 3Q profit beats expectations Thursday, 25 Oct 2012 | 4:29 PM ET

    NORWALK, Conn.-- Emcor Group Inc., a contractor to the electric power industry, said Thursday that its third-quarter net income fell 3 percent. Emcor said it expected full-year earnings between $2 and $2.10 per share, up from an earlier forecast of $1.80 to $2 per share.

  • NEW YORK, Oct 25- Global shares retreated and oil prices faltered on Thursday, as encouraging data from Britain and China was overshadowed by uncertainty over the U.S. presidential election and economy.

  • United Technologies to sell pump unit for $236M Thursday, 25 Oct 2012 | 4:27 PM ET

    HARTFORD, Conn.-- United Technologies Corp. said Thursday that it has made a deal to sell the pump and engine control systems units that it got as part of its purchase of Goodrich.

  • *Bunds slip, data helps risk appetite. LONDON, Oct 25- German government bonds slipped on Thursday as a rebound in the British economy spurred demand for riskier assets, but the subsequent rise in Bund yields drew investors back into the market. ',''he said, referring to Spain.

  • Brink's Co shares tumble, 3Q profit falls 56 pct Thursday, 25 Oct 2012 | 4:26 PM ET

    RICHMOND, Va.-- Shares of The Brink's Co. fell Thursday after the armored car company said its third-quarter net income plunged 56 percent, as revenue and operating earnings from its international business sank.

  • *Trade surplus of $437 million is biggest since March. MEXICO CITY, Oct 25- Mexican imports slowed in September, allowing Latin America's number two economy to post its biggest trade surplus in six months but bolstering fears of slower growth. Cars have been a mainstay of Mexico's recent export gains, with Mexico now the fourth-biggest exporter of cars globally.

  • Regulators vote for financial probe of San Onofre Thursday, 25 Oct 2012 | 4:22 PM ET

    IRVINE, Calif.-- The California Public Utilities Commission on Thursday opened an investigation into the damaged San Onofre nuclear power plant to determine whether ratepayers should bear costs tied to the facility that has been shut down most of the year.

  • Greek government faces split on austerity vote Thursday, 25 Oct 2012 | 4:22 PM ET

    ATHENS, Greece-- A junior partner in Greece's coalition government says it won't vote for labor reforms that are part of a major new austerity package due in parliament next week. The cuts are being demanded by Greece's international creditors as a condition of continued rescue loans.

  • Ark. AG seeks info on alleged payday lenders Thursday, 25 Oct 2012 | 4:22 PM ET

    LITTLE ROCK, Ark.-- Arkansas Attorney General Dustin McDaniel is seeking information about the practices of three companies he says are engaging in payday lending. The suit says Money Mutual LLC, Selling Source LLC and Partner Weekly LLC are all based from the same address in Las Vegas.

  • ADT talks with shareholder spur stock surge Thursday, 25 Oct 2012 | 4:21 PM ET

    BOCA RATON, Fla.-- ADT Corp., the home monitoring business spun off recently by Tyco International Ltd., said Thursday it has held "constructive" talks with activist shareholder Corvex Management LP. Corvex, founded by Keith Meister, an associate of activist investor Carl Icahn, has taken a 5 percent stake in ADT, which is based in Boca Raton.

  • *Nebraska, High Plains still suffering, wheat crop threatened. The portion of the United States under ``exceptional'' drought- the most dire classification- held steady at 5.84 percent and was mostly in western Kansas and Nebraska.

  • Boehringer Ingelheim to pay $95M in settlement Thursday, 25 Oct 2012 | 4:20 PM ET

    WASHINGTON-- Boehringer Ingelheim Pharmaceuticals Inc. will pay $95 million to settle allegations that the company promoted three drugs for uses that were not medically accepted, the government announced Thursday.

  • *Ireland in talks with EU/IMF on possible new support. DUBLIN, Oct 25- Ireland is lobbying EU/IMF lenders for additional support to smooth its return to bond markets before its bailout ends next year, its finance minister said on Thursday after Dublin passed its latest bailout review.

  • Timken 3Q net income falls on weak demand Thursday, 25 Oct 2012 | 4:12 PM ET

    CANTON, Ohio-- The Timken Co. said Thursday its third-quarter net income fell 27 percent, hurt by an industrywide slowdown in demand in Asia and Europe. The Canton Ohio- based maker of transmissions and bearings cut its full year earnings and revenue outlook because of lower demand.

  • McDonald's to sell ground coffee in Canada Thursday, 25 Oct 2012 | 4:12 PM ET

    NEW YORK-- McDonald's will start selling bags of ground coffee at its restaurants in Canada next month, a move that could spread to other regions around the world if successful. John Betts, president of McDonald's Canada, also noted in an interview that McDonald's has a history of taking hit products from specific regions and expanding them globally.

  • NEW YORK, Oct 25- Microsoft Corp launched its new Windows 8 operating system and Surface tablet on Thursday in a bid to revive interest in its flagship product and regain ground lost to Apple Inc and Google Inc in mobile computing.

  • Stocks edge higher, breaking a weeklong slump Thursday, 25 Oct 2012 | 4:07 PM ET

    NEW YORK-- Stocks are closing modestly higher after a handful of decent corporate earnings reports were enough to break a weeklong slump in the market. Procter& Gamble was the biggest gainer in the Dow after the consumer products company, whose products include Tide, Gillette and Charmin, reported earnings that beat analysts' expectations.

  • Recent acquisitions boost TriMas 3Q profit Thursday, 25 Oct 2012 | 4:07 PM ET

    BLOOMFIELD HILLS, Mich.-- TriMas Corp., which makes packaging materials, aerospace components and other engineered parts, said Thursday that its third-quarter net income rose 2 percent, bolstered by acquisitions in Brazil and New Zealand.

  • LONDON, Oct 25- A friend of accused UBS fraudster Kweku Adoboli told him in 2008 she hoped never to read articles about him in the press like those she had read about a ``rogue trader'' at France's Societe Generale, a London court heard on Thursday.

  • NEW YORK, Oct 25- The dollar hit a four-month high against the yen on Thursday as a rise in Treasury yields and expectations the Bank of Japan will ease monetary policy next week had investors broadly selling the Japanese currency. Expectations that the Bank of Japan will take action on Oct. 30 to stimulate the Japanese economy and higher U.S.