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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Conn. tourism gets boost from filmmaker Ken Burns Thursday, 25 Oct 2012 | 11:01 AM ET

    HARTFORD, Conn.-- Connecticut's tourism industry is getting a boost from documentary filmmaker Ken Burns. Burns announced Wednesday that he has partnered with a luxury tour group, Tauck Tours of Norwalk, on a redesigned eight-day tour of New England' s "hidden gems," which will include a two-day stop in Hartford.

  • *Denmark threatens to veto EU budget Thursday, 25 Oct 2012 | 11:00 AM ET
  • EURO GOVT-Bunds pulled lower by gilts as UK GDP rebounds Thursday, 25 Oct 2012 | 10:59 AM ET

    LONDON, Oct 25- German government bonds slipped on Thursday, pulled down by falls in UK gilts after data showed Britain rebounded strongly from recession in the third quarter.

  • NEW YORK, Oct 25- The outcome of a court hearing set to begin on Thursday will determine whether a major regional healthcare system in Pennsylvania is driven into bankruptcy or will be allowed to seek other suitors after a $475 million merger deal with insurer Highmark Inc crumbled.

  • NEW YORK, Oct 25- U.S. consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, an extra drag on the country's already slow-moving economy.

  • Gov says NY will boost beer, wine, liquor sales Thursday, 25 Oct 2012 | 10:58 AM ET

    Andrew Cuomo said state government will put the promotion of beer, wine and liquor made in New York "on steroids" to boost jobs and help the small, yet growing industries. They include promoting New York wine, beer, whisky and brandy at the State Fair.

  • Bailout lenders say Ireland will meet 2012 targets Thursday, 25 Oct 2012 | 10:54 AM ET

    The so-called troika says in a statement Thursday that "Policy implementation remains steadfast despite the challenging external environment, helping Ireland to start to regain market access." The troika is composed of the European Central Bank, the International Monetary Fund, and the European Commission, which is the executive arm of the EU.

  • PRECIOUS-Gold bounces from 7 week low, eyes Bank of Japan Thursday, 25 Oct 2012 | 10:52 AM ET

    *Eyes on next week's Bank of Japan policy meeting. Spot gold was up 0.8 percent at $1,714.36 an ounce at 1034 GMT, bouncing off Wednesday's seven-week low of $1,698.39, while U.S. gold futures for December delivery were up $14.90 an ounce at $1,716.50.

  • News Summary: US mortgage rates near record lows Thursday, 25 Oct 2012 | 10:51 AM ET

    RATES TICK UP: Average U.S. rates on fixed mortgages rose slightly this week and continued to hover near record lows. THE NUMBERS: The average rate on the 30- year mortgage edged up to 3.41 percent. Three weeks ago, the rate touched a record low 3.36 percent.

  • Royal Caribbean shares at 15-month high on outlook Thursday, 25 Oct 2012 | 10:39 AM ET

    NEW YORK-- Shares of Royal Caribbean Cruises Ltd. hit a 15- month high Thursday after it reported third-quarter earnings that topped Wall Street's expectations. The Miami company earned $367.8 million, or $1.68 per share, compared with $399 million, or $1.82 per share, a year earlier. Royal Caribbean said it saw strong last-minute bookings and the third quarter.

  • UPDATE 1-KKR's Kravis to put money in Spain, Europe Thursday, 25 Oct 2012 | 10:38 AM ET

    *$139 billion in dry powder in Asia, $130 bln new funds being raised-Preqin. Kravis, who co-founded KKR& Co LP in 1976 with his cousin George Roberts and colleague Jerry Kohlberg, was in Singapore to open the firm's new office there- its seventh in Asia since entering the region in 2005..

  • US natural gas supplies grew last week Thursday, 25 Oct 2012 | 10:37 AM ET

    The Energy Department's Energy Information Administration reported that natural gas in storage grew 67 billion cubic feet to 3.843 trillion cubic feet for the week ended Oct. 19. Analysts expected a rise of 63 billion to 67 billion cubic feet, according to a survey by Platts, the energy information arm of McGraw-Hill Cos.

  • Occidental's 3Q results hurt by lower prices Thursday, 25 Oct 2012 | 10:37 AM ET

    LOS ANGELES-- Occidental Petroleum saw third-quarter profit fall 22 percent as an increase in production was offset by lower oil and natural gas prices. Occidental reported net income of $1.38 billion, or $1.69 per share, in the quarter that ended Sept. 30.

  • UPDATE 1-Aetna posts higher profit, gives bullish outlook Thursday, 25 Oct 2012 | 10:33 AM ET

    The company also raised its 2012 outlook on Thursday to the top end of its previous forecast of $5.00 to $5.10 a share. The company said third-quarter earnings had risen to $499.2 million, or $1.47 per share, from $490.4 million, or $1.30 per share, a year earlier.

  • Bunge 3Q net income rises, revenue increases Thursday, 25 Oct 2012 | 10:30 AM ET

    WHITE PLAINS, N.Y.-- Agribusiness and food company Bunge Ltd.' s third-quarter net income more than doubled as revenue rose on strength in its agribusiness division. Bunge said Thursday that crop supplies need to approach record levels to rebuild stocks. For the period ended Sept. 30, earnings rose to $289 million, or $1.92 per share.

  • Senate: Medtronic shaped articles promoting Infuse Thursday, 25 Oct 2012 | 10:30 AM ET

    WASHINGTON-- Medical device maker Medtronic Inc. helped write and edit medical journal articles attributed to outside physicians, which downplayed the risks of the company's best-selling bone graft, according to a report by Senate investigators.

  • Sioux Falls braces for crowds at McGovern services Thursday, 25 Oct 2012 | 10:27 AM ET

    SIOUX FALLS, S.D.-- South Dakota's largest city is welcoming political figures, family and friends in town to mark the life and career of former Democratic U.S. senator and three-time presidential candidate George McGovern, a legend in state's political history who died Sunday at age 90..

  • UK police: 300 potential victims of Jimmy Savile. Thursday, 25 Oct 2012 | 10:27 AM ET

    LONDON-- UK police say officers have identified 300 potential victims of the late Jimmy Savile, the disgraced BBC entertainer now believed to be a predatory pedophile. The BBC has been rocked by allegations that Savile sexually abused underage teens over several decades, sometimes on BBC premises.

  • Hershey 3Q profit dips 10 pct on one-time charges Thursday, 25 Oct 2012 | 10:26 AM ET

    NEW YORK-- Hershey reported a 10 percent drop in third-quarter net income as one-time charges led to the first such decline in four quarters, but it raised its profit outlook for whole year. The maker of Reese's Pieces, Hershey's Kisses and Jolly Ranchers earned $176.7 million, or 77 cents per share in the three-month period ended Sept. 30.

  • *Jackson freed after Ill. workers' protest arrest Thursday, 25 Oct 2012 | 10:26 AM ET