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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Boston, Oct 24- Symantec Corp, the top maker of computer security software, reported results ahead of Street expectations as its new chief executive began a turnaround effort following the firing of his predecessor in July.

  • China ends nuke plant ban set after Japan disaster Wednesday, 24 Oct 2012 | 8:50 PM ET

    BEIJING-- China has decided to approve new nuclear power plants as part of plans to reduce reliance on oil and coal, ending the moratorium it imposed to review safety in the wake of Japan's Fukushima disaster last year.

  • *Dow down 0.2 pct, S&P 500 off 0.3 pct, Nasdaq off 0.3 pct. *Boeing dips after results, but Dow Chemical jumps on job-cut plans. The S&P 500 has lost 3.6 percent over the past five sessions, hurt by weak earnings outlooks and top-line revenue misses from large multinational companies.

  • *Fed continues with $40 billion/ month bond buying. WASHINGTON, Oct 24- The Federal Reserve on Wednesday stuck to its plan to keep stimulating U.S. growth until the job market improves even as it acknowledged some parts of the economy were looking a bit better.

  • SEOUL, Oct 25- Hyundai Motor Co drove up sales in France by 40 percent last month and had a record September in the United States, but it has since had nearly $7 billion wiped off its market value as investors query the South Korean automaker's go-slow on expanding capacity.

  • NEW YORK, Oct 24- Global shares fell on Wednesday as investors soured on another round of underwhelming corporate results, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.

  • MADRID, Oct 24- Spain is ready to start funding itself for 2013, including the needs of its indebted regions, after having nearly completed its debt issuance plan for this year, the head of the Spanish Treasury said on Wednesday.

  • Equifax posts higher profit, revenue for 3Q Wednesday, 24 Oct 2012 | 8:39 PM ET

    ATLANTA-- Equifax Inc., which collects and sells consumer credit information, said Wednesday that its profit grew 17 percent in the third quarter, aided by stronger revenue in its consumer-information business. Excluding the impact of acquisition-related expenses, Equifax's earnings amounted to 75 cents per share.

  • *US says bank sold toxic loans to Fannie Mae, Freddie Mac. NEW YORK, Oct 24- The United States filed a fraud lawsuit against Bank of America Corp, accusing it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.

  • NEW YORK, Oct 24- Gold fell on Wednesday to just above $1,700 an ounce, after the U.S. The metal, which briefly dropped below $1,700 an ounce earlier in the session, has been pressured by worries about a U.S. economic slowdown which also slammed equities and commodities this week.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat the Street's rock-bottom expectations.

  • UPDATE 3-IAC results beat expectations but shares slump Wednesday, 24 Oct 2012 | 8:26 PM ET

    *Q3 adjusted EPS 71 cents vs Wall St view 66 cents. Oct 24- IAC/InteractiveCorp easily beat quarterly expectations on the strength of its search business but its shares slumped, which the company said was due to a misinterpretation of its forecast by FactSet Research Systems.

  • Trinity's 3Q profit soars but revenue falls short Wednesday, 24 Oct 2012 | 8:22 PM ET

    DALLAS-- Trinity Industries Inc.' s shares fell in after-hours trading Wednesday after the industrial manufacturer said that manufacturing investments would hurt its performance for the remainder of the year. The Dallas- based company's net income nearly doubled to $63.2 million, or 80 cents per share, for the period that ended Sept. 30.

  • FOREX-Dollar holds gains vs euro after predictable Fed Wednesday, 24 Oct 2012 | 8:14 PM ET

    NEW YORK, Oct 24- The dollar held gains against the euro o n Wednesday after t he Federal Reserve p rovided no surprises at its policy meeting, sticking to its st imulus plan to boost a still sluggish U.S. economy and keeping rates low for some time.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • WASHINGTON, Oct 24- President Barack Obama says he's confident that if re-elected he will secure within six months a deficit-reduction deal with Republicans equivalent to the ``grand bargain'' he failed to achieve last year. After the newspaper complained in a blog, the White House relented and released a transcript of the interview on Wednesday.

  • *Treasury auctions $35 billion of 5- year notes. NEW YORK, Oct 24- Prices of U.S.

  • Homebuilder Ryland Group moves to profit in 3Q Wednesday, 24 Oct 2012 | 7:57 PM ET

    LOS ANGELES-- Ryland Group Inc. said Wednesday it returned to a profit in the third quarter, as the homebuilder sold more homes and benefited from higher prices. The results trumped Wall Street's expectations, sending shares in the Westlake Village, Calif., company up more than 5 percent in after-hours trading.

  • Seattle developer, wife arrested in France Wednesday, 24 Oct 2012 | 7:56 PM ET

    SEATTLE-- A Seattle real-estate developer who vanished with his wife after a judge demanded they hand over two huge diamonds was arrested Wednesday in a lake town in the French Alps. Police arrested Michael Mastro, 87, and his wife, Linda, at the request of American authorities, said Kayla Celaya, a supervisory deputy with the U.S.

  • Cliffs Q3 net income down 86 percent Wednesday, 24 Oct 2012 | 7:47 PM ET

    CLEVELAND-- Cliffs Natural Resources Inc. said Wednesday its third-quarter net income dropped nearly 86 percent as the mining company saw a steep drop in the price of iron ore, and higher labor and mining costs.