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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • *Focus on U.S. payrolls data but trader positioning light. LONDON, Nov 2- German Bund futures rose on Friday, testing the top of their recent range but many investors shied away from taking large positions before U.S. jobs data and with Greece again facing crisis.

  • Romney would bring CEO eye to White House Friday, 2 Nov 2012 | 10:00 AM ET

    BOSTON-- Should he prevail Tuesday, Mitt Romney would bring a CEO's eye to the White House and a policy agenda based on a general set of principles and focused more on data than ideology. And he would likely have to work with a divided Congress to accomplish it all.

  • Reuters World News Highlights at 0945 GMT, Nov 02 Friday, 2 Nov 2012 | 10:00 AM ET

    BEIJING- Potentially sinister threats to China's ruling Communist Party sit unnoticed in cages perched on a rooftop above a small alleyway in southwestern Beijing.

  • *Fitch joins Moody's, S&P in cutting Sharp rating to junk. TOKYO/ HONG KONG, Nov 2- Shares of Japan's Sharp Corp fell and Fitch Ratings downgraded its debt to junk status on Friday, a day after it warned of a $5.6 billion net loss for the year and said it might not be able to survive on its own.

  • Cost of playing east Africa oil game on the rise Friday, 2 Nov 2012 | 9:50 AM ET

    Promising discoveries from Mozambique to Kenya have put governments in the driver's seat and the rising fees they will demand from oil and gas companies will start to weed out the smaller players that have blazed the region's exploration path. Kenya has said it will revamp its tax rules to benefit more from profits earned by foreign oil and gas exploration.

  • Fishing thwarts Antarctic marine sanctuary idea Friday, 2 Nov 2012 | 9:43 AM ET

    At a meeting in Australia, the United States and New Zealand were rebuffed after submitting a joint proposal to protect the Ross Sea, which is considered one of the most pristine oceans in the world. But at the Australian meeting, some nations, including Russia, the Ukraine and China, balked at the proposal.

  • Mass. Sen. hopefuls have spent $68M on race so far Friday, 2 Nov 2012 | 9:42 AM ET

    Scott Brown and Democratic challenger Elizabeth Warren ramped up their voter outreach efforts Thursday as new campaign fundraising reports show they've already spent nearly $68 million pursuing the same Massachusetts Senate seat.

  • *British diplomats paid $16,000 to re-stuff snake Friday, 2 Nov 2012 | 9:39 AM ET
  • Nov 2- Warren Buffett's Berkshire Hathaway Inc is to buy direct marketing toy and party supplies merchant Oriental Trading Co for $500 million, the Wall Street Journal reported on Friday, citing a person involved in the deal. Berkshire Hathaway and Oriental Trading Co were not available for comment outside regular U.S. business hours.

  • Delta says Sandy cut revenue by $45 million Friday, 2 Nov 2012 | 9:34 AM ET

    NEW YORK-- Delta Air Lines says Superstorm Sandy cut its revenue by $45 million last month as it was forced to cancel more than 3,500 flights. The Atlanta company, the world's second-largest airline after United, said its October profit was reduced by about $20 million.

  • UK construction ekes out growth in Oct - Markit Friday, 2 Nov 2012 | 9:30 AM ET

    LONDON, Nov 2- LONDON, Nov 2- The. However, new orders fell for the fifth straight month- the longest period of decline since the 2008-2009 recession- and firms reduced headcount at the fastest pace since August 2011. ``The bigger picture remains bleak,'' said Tim Moore, senior economist at Markit, which compiles the survey.

  • *Focus on U.S. payrolls data but trader positioning light. LONDON, Nov 2- German Bund futures rose on Monday, testing the top of their recent range but many investors shied away from taking large positions before U.S. jobs data and with Greece again facing crisis.

  • UPDATE 2-RBS faces fines to settle Libor probe Friday, 2 Nov 2012 | 9:24 AM ET

    *Q3 operating profit 1.05 bln stg vs 2 mln yr ago. LONDON, Nov 2- Royal Bank of Scotland said it may face fines in relation to how it set Libor and other interest rates and is keen to settle the matter as soon as possible.

  • SHANGHAI, Nov 2- China's yuan ended slightly weaker on Friday even after hitting the strong-side boundary of its daily trading band for a fourth straight day, as China's central bank tightened its grip on the currency with the weakest midpoint fix in over a week.

  • PARIS, Nov 2- Telecom equipment maker Alcatel-Lucent may sell assets to strengthen its balance sheet after posting a second straight quarterly loss as its customers around the world cut spending on mobile and fixed networks.

  • *China equity fund inflows highest this year: EPFR Global. *Galaxy Entertainment at record high on Oct gambling revenue. HONG KONG, Nov 2- Hong Kong shares had their best week in seven, with the Hang Seng Index hitting a 15- month high as fund inflows buoyed hopes of more gains before year's end, encouraging investors to build riskier positions.

  • BEIJING/ SHANGHAI, Nov 2- Honda Motor Co Ltd's China car sales plunged 54 percent in October from a year earlier, with the pace of decline accelerating from the previous month as Japanese automakers suffer the backlash from a territorial dispute between Beijing and Tokyo.

  • *Yen hampered by Japan's trade deficit, economic woes. LONDON, Nov 2- The dollar rose to a near four month-high against the yen on Friday as investors bet on an upbeat U.S. payrolls report after private employers added jobs at the fastest pace in eight months.

  • *USA and Japan also need fiscal consolidation. BERLIN, Nov 2- The United States and Japan must share responsibility with Europe for ensuring global economic stability, German Finance Minister Wolfgang Schaeuble said, signalling that a G20 meeting this weekend should not focus solely on the euro zone crisis.

  • LONDON, Nov 2- Euro zone manufacturing shrank for the 15th month running in October as output and new orders fell, a survey showed on Friday, likely fuelling expectations of further easing from the European Central Bank.