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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Metro Atlanta jobless rate drops to 8.4 percent Thursday, 25 Oct 2012 | 12:41 AM ET

    ATLANTA-- Georgia labor officials say metro Atlanta's unemployment rate dropped to 8.4 percent in September. The Georgia Department of Labor announced the new preliminary unemployment figure early Thursday morning. Among other Georgia metro areas, the Athens area continued to have the lowest area jobless rate at 6.4 percent.

  • THE RACE: Debt crisis looms in race's home stretch Thursday, 25 Oct 2012 | 12:41 AM ET

    The most pressing economic issue facing Washington _ whether President Barack Obama or Republican Mitt Romney wins _ is a looming deadline for across-the-board spending cuts and tax increases. Some $100 billion will be sliced from federal budgets and taxes will rise by $400 billion if the government goes over the so-called "fiscal cliff" in early January.

  • Bank commits to help build SDSU swine facility Thursday, 25 Oct 2012 | 12:41 AM ET

    PIERRE, S.D.-- South Dakota State University is getting its first commitments from donors to help build a proposed $7 million facility that will be used for teaching and research about hogs. The SDSU Foundation says First Bank and Trust, which operates in eastern South Dakota and southwestern Minnesota, has committed $250,000 to the project.

  • Pearson in talks over Penguin-Random House merger Thursday, 25 Oct 2012 | 12:41 AM ET

    LONDON-- British publishing and education company Pearson PLC says it is in talks with German media group Bertelsmann SE over merging the firms' Penguin and Random House publishing operations. Pearson is publisher of the Financial Times and Penguin Group books.

  • Group 1 Automotive 3Q profit rises 46 percent Thursday, 25 Oct 2012 | 12:40 AM ET

    Net income rose to $31.3 million, or $1.32 per share, matching the forecast of analysts surveyed by FactSet. A year earlier, the company earned $21.5 million, or 91 cents per share. The shares fell $3.19, or 5.2 percent, to $58.65 in midday trading.

  • Londonderry unveils city of culture program Thursday, 25 Oct 2012 | 12:39 AM ET

    LONDON-- The Northern Ireland city of Londonderry has announced a program of arts events ranging from punk to painting to celebrate its role as the U.K.' s "city of culture" for 2013..

  • PREVIEW-Apple's Mac flies in under the radar Thursday, 25 Oct 2012 | 12:39 AM ET

    SAN FRANCISCO, Oct 24- Amid the fanfare accompanying the noisy launch of the iPad mini this week, Apple Inc also took the wraps off new Mac computers.

  • UK government leases out historic Admiralty Arch Thursday, 25 Oct 2012 | 12:38 AM ET

    LONDON-- A London landmark that is a ceremonial passageway from Trafalgar Square toward Buckingham Palace will be converted from office space into a luxury hotel, Britain's government said Thursday. The Admiralty Arch was leased for 99 years to development company Prime Investors Capital, which plans to turn it into a five-star, 100- bedroom hotel.

  • Consol Energy posts $11.4M 3Q loss on weak demand Thursday, 25 Oct 2012 | 12:37 AM ET

    PITTSBURGH-- Coal miner Consol Energy Inc. on Thursday posted an $11.4 million third-quarter loss, hurt by ongoing weak demand for coal. The Pittsburgh- based company's loss amounted to 5 cents per share, compared with a year-ago profit of $167.3 million, or 74 cents per share.

  • United has rough third quarter Thursday, 25 Oct 2012 | 12:33 AM ET

    It was a rough third quarter for United Airlines. Net income for United Continental Holdings Inc. dropped to $6 million, or 2 cents per share, from $653 million, or $1.69 per share, a year earlier. But excluding that charge, its profit of $1.35 per share was still 12 cents less than analysts expected, according to FactSet.

  • Coca-Cola Enterprises 3Q suffers on European woes Thursday, 25 Oct 2012 | 12:32 AM ET

    ATLANTA-- Coca-Cola Enterprises Inc. reported a drop in its third-quarter profit and revenue Thursday as the bottling company struggled with the weak economy in Europe and the drag of currency translations.

  • BP caps dome believed to be source of oil sheen Thursday, 25 Oct 2012 | 12:32 AM ET

    NEW ORLEANS-- BP PLC said Thursday it has capped and plugged an abandoned piece of equipment that is believed to be the source of a sheen spotted near the site of its massive 2010 oil spill in the Gulf of Mexico. BP and the Coast Guard both say no oil has been seen leaking out of the container since it was capped and plugged.

  • Renault cuts sales forecast on weak Europe market Thursday, 25 Oct 2012 | 12:29 AM ET

    PARIS-- French carmaker Renault SA says its revenue slumped 13.3 percent in the third quarter as an economic downturn in France, Italy and Spain caused sales to slump. Renault's sales in Europe fell 18.4 percent, almost twice as fast as the overall market decline.

  • *Online retailer Overstock returns to profit in 3Q Thursday, 25 Oct 2012 | 12:27 AM ET
  • AG: 5 drug companies to pay $18.6M to La. Thursday, 25 Oct 2012 | 12:25 AM ET

    BATON ROUGE, La.-- Louisiana Attorney General James "Buddy" Caldwell's office says five pharmaceutical companies will pay the state more than $18.6 million to resolve allegations they misreported drug price information to the state's Medicaid program.

  • Skinny Minnie: Disney fave gets Barneys makeover Thursday, 25 Oct 2012 | 12:24 AM ET

    The Barneys display puts Disney characters on the runway in front of animated versions of industry bigwigs in a short film that features Minnie's daydream sequence strutting her stuff in Paris in a hot-pink, ruffle-covered Lanvin dress. Daisy Duck, Cruella De Vil and Goofy get similar insta-slim treatments.

  • American Airlines adding Chicago-Dusseldorf route Thursday, 25 Oct 2012 | 12:23 AM ET

    CHICAGO-- American Airlines has announced it is adding flights from Chicago's O'Hare International Airport to Dusseldorf, Germany, and Columbia, Mo.. In a statement Wednesday, Chicago Mayor Rahm Emanuel said Chicago and Dusseldorf are travel hubs that spur growth. American is adding new domestic service between Chicago and Columbia, Mo., on Feb. 14.

  • Program pairs U. Mich. experts with entrepreneurs Thursday, 25 Oct 2012 | 12:23 AM ET

    ANN ARBOR, Mich.-- Fourteen Middle Eastern and North African entrepreneurs are at the University of Michigan as part of a State Department- sponsored program that partners university experts with area community organizations. The program participants are from Algeria, Egypt, Israel, Morocco and Tunisia.

  • Falling European sales help sink Paccar's profits Thursday, 25 Oct 2012 | 12:22 AM ET

    BELLEVUE, Wash.-- Heavy-duty truck maker Paccar posted a 17 percent drop in third-quarter profit early Thursday. But sales to countries in South America helped offset some of the damage, and Paccar's results topped Wall Street's expectations.

  • Internet payday lender agrees to W.Va. refunds Thursday, 25 Oct 2012 | 12:21 AM ET

    CHARLESTON, W.Va.-- An Internet payday lender has agreed to stop making such loans in West Virginia. Attorney General Darrell McGraw's office says Payday Financial LLC and its owner, Martin A. Webb, also agreed prior to a contempt hearing this month in Kanawha County Circuit Court to refund $135,000 in fees to 120 West Virginia consumers and pay $5,000 to the state.