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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *Q3 sales $13.98 billion vs forecast of $14.64 billion. Nov 1- Pfizer Inc on Thursday posted quarterly revenue well below Wall Street expectations, as sales of the pharmaceutical company's Prevnar pediatric vaccine disappointed and emerging market revenue dropped sharply.

  • United may upgrade some A350 jet orders - sources Thursday, 1 Nov 2012 | 6:00 PM ET

    Nov 1- United Airlines is mulling upgrading some of its Airbus A350 orders to the largest member of the European aircraft family in a possible setback for Boeing Co's 777 mini-jumbo, industry sources said.

  • Global accounting body battles to assert its authority Thursday, 1 Nov 2012 | 5:58 PM ET

    LONDON, Nov 1- The world's top accounting rulesetter unveiled plans on Thursday aimed at buttressing its authority and independence in the face of calls from European groups for a greater say in how new standards are shaped.

  • Nov 1- New York power company Consolidated Edison Inc said Thursday the vast majority of its New York City and Westchester County, New York, customers will have power back by the weekend of Nov. 10-11, following the destruction by Hurricane Sandy. The company said it expects to restore power in lower- and mid- Manhattan by Saturday, Nov. 3.

  • *U.S. government to pay New Jersey emergency power costs. Nov 1- Rescuers searched flooded streets and swamped houses for survivors, drivers lined up for hours to get scarce gasoline and millions remained without power on Thursday as New York City and nearby coastal towns struggled to recover from one of the biggest storms ever to hit the United States.

  • *Costco, Nordstrom, Rite Aid say storm may affect November sales. Costco Wholesale Corp, Nordstrom Inc and Rite Aid Corp all said on Thursday that November sales would suffer because of store closures due to Sandy, one of the largest storms to hit the United States. Costco, however, said the effects would be minimal.

  • *Cuts focused on Europe; Visteon to close Philippines plant. Nov 1- Auto parts suppliers Visteon Corp and Delphi Automotive Plc said they were accelerating cost cutting as carmakers slash production in the face of slowing demand, especially in Europe.

  • UPDATE 1-Wells Fargo challenges parts of new DOJ suit Thursday, 1 Nov 2012 | 5:36 PM ET

    WASHINGTON, Nov 1- Wells Fargo formally challenged parts of a financial-crisis lawsuit that the Justice Department recently brought against it, saying a prior multi-bank $25 billion mortgage settlement already cleared it of some liability.

  • UPDATE 6-At least 23 killed in Riyadh fuel truck blast Thursday, 1 Nov 2012 | 5:35 PM ET

    RIYADH, Nov 1- At least 23 people were killed when a fuel truck crashed into a flyover in the Saudi capital Riyadh on Thursday, triggering an explosion that brought down an industrial building and set fire to nearby vehicles.

  • *China's central bank conducts large net fund injection. U.S. stocks were trading higher and China's stock markets rose after official and private China manufacturing surveys for October suggested China's economy is finally regaining traction.

  • *Dow up 0.9 pct, S&P 500 up 0.9 pct, Nasdaq up 1.2 pct. NEW YORK, Nov 1- U.S. stocks shot higher on Thursday, boosted by bullish job market and consumer confidence data as trading continued to return to normal following storm Sandy's devastating sweep through the U.S.

  • LONDON, Nov 1- Gold prices eased a touch on Thursday as the dollar firmed, but moves were muted as investors remained focused on U.S. employment data due on Friday for clues on monetary policy. Spot gold was down 0.2 percent at $1,716.45 at 1643 GMT, while U.S. gold futures for December were down $2.29 an ounce at $1,716.20.

  • Nov 1- New York power company Consolidated Edison Inc said Thursday the vast majority of its New York City and Westchester County, New York, customers will have power back by the weekend of Nov. 10-11, following the destruction by Hurricane Sandy. The company said it expects to restore power in lower- and mid- Manhattan by Saturday, Nov. 3.

  • Nov 1- Public Service Enterprise Group Inc, the biggest utility in New Jersey, said superstorm Sandy had caused severe damage to its infrastructure and it expected its losses to be material. Towns along the New Jersey shore took much of the brunt of Sandy, which barreled through the U.S.

  • NEW YORK, Nov 1- When the National Hurricane Center declared Sandy a ``post-tropical storm'' just before it made landfall, a lot of homeowners a c ross New Jersey, New York, Connecticut and Maryland may have saved a lot of money.

  • NEW YORK, Nov 1- Huge logistical problems from power failures and navigational hazards roiled the massive New York Harbor oil hub in the wake of Hurricane Sandy on Thursday, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts.

  • LONDON, Nov 1- Copper rose on Thursday, helped by data that showed a glimmer of renewed vigour in big metals consumer China, other Asian economies and the United States, but gains were tempered by concerns about demand and Europe's grinding debt crisis.

  • U.S. drought shrinking, but not fast enough Thursday, 1 Nov 2012 | 5:05 PM ET

    Nov 1- Snow and rain and cooler temperatures helped ease suffering in drought-stricken areas of the United States over the last week, though some areas saw conditions grow worse, according to a climatology report issued Thursday.

  • U.S. money markets returning to normal after Sandy Thursday, 1 Nov 2012 | 5:05 PM ET

    NEW YORK, Nov 1- U.S. money markets showed signs of returning to normal on Thursday after a devastating storm disrupted major markets earlier this week and caused Wall Street firms, U.S. banks and companies to scramble for cash.

  • Nov 1- Hillshire Brands Co reported a first-quarter net profit on Thursday that beat Wall Street estimates by a wide margin, but the packaged meat company stood by its full-year outlook. Hillshire Brands therefore still expects fiscal 2013 earnings of $1.40 per share to $1.55 per share.