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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • 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.

  • COLUMN-Bernanke, the election and risk assets: James Saft Wednesday, 24 Oct 2012 | 7:45 PM ET

    Oct 24- Now we have the pre-election Federal Reserve meeting out of the way, we can go back to worrying about the real issue. Not who will be president, but who that president will slot in to park in Ben Bernanke's parking spot when his term as Federal Reserve Chairman runs out in January 2014.

  • *Vote follows FDA approval in June. CHICAGO, Oct 24- Advisers to the U.S. Centers for Disease Control and Prevention voted on Wednesday to recommend the use of GlaxoSmithKline's newly approved vaccine for bacterial meningitis in babies at increased risk of the infection.

  • Australia's ANZ Banks posts record $5.9 B profit Wednesday, 24 Oct 2012 | 7:41 PM ET

    SYDNEY-- One of Australia's largest banks, ANZ Banking Group Ltd., posted a 6 percent rise in full year profit to a record 5.7 billion Australian dollars on Thursday as it grew earnings from its domestic and international operations.

  • *Copper ends near 6- week lows, gold slips below $1,700. NEW YORK, Oct 24- Brent crude fell for a seventh straight session on Wednesday, hitting 12- week lows after a sharp build in U.S. oil stockpiles, while most other commodities slid too as the dollar remained strong against the euro. Wheat futures hit one-month highs in Europe and a three-week peak in Chicago trade.

  • FACTBOX-Fed officials' comments on U.S. economy, policy Wednesday, 24 Oct 2012 | 7:33 PM ET

    *SAN FRANCISCO FED PRESIDENT JOHN WILLIAMS, Oct. 15 ``In no way has our commitment to price stability wavered.''.

  • GLOBAL MARKETS-Shares slip after Fed meeting, euro falls Wednesday, 24 Oct 2012 | 7:32 PM ET

    *Wall St falls after end of two-day Fed policy-making meeting. NEW YORK, Oct 24- Global shares fell on Wednesday after the Federal Reserve stuck to its plan to keep stimulating U.S. growth, while the euro slipped on signs that the euro zone is heading toward a deeper recession than previously feared.

  • McAfee, Westinghouse set security pact for nuclear plants Wednesday, 24 Oct 2012 | 7:24 PM ET

    NEW YORK, Oct 24- Westinghouse Electric Co, a unit of Japan's Toshiba Corp, will rely on Intel Corp's McAfee unit to prevent network intrusions into nuclear power plants that it builds, the two companies said on Wednesday.

  • WASHINGTON, Oct 24- New U.S. single-family home sales surged in September to the highest level in nearly 2-1/ 2 years, further evidence the housing market recovery is gaining steam.

  • *Boeing shares down 0.3 pct, General Dynamics up 2.3 pct. Lockheed Martin Corp, Boeing Co's defense division and Northrop Grumman Corp reported higher earnings and solid margins despite weakening sales.

  • Elderly Seattle developer, wife arrested in France Wednesday, 24 Oct 2012 | 7:20 PM ET

    SEATTLE-- An elderly, bankrupt 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.

  • *Dow down 0.1 pct, S&P 500 off 0.2 pct, Nasdaq off 0.2 pct. *Boeing dips after results, but housing shares rise. NEW YORK, Oct 24- U.S. stocks edged lower on Wednesday after the Federal Reserve stuck with its plan to keep stimulating the U.S. economy until the job market improves.

  • WASHINGTON, Oct 22- Nobody wants to feel sorry for life insurance companies. They're just the annoying folk who make you think about death, cash your checks, and then give you grief if you ever have to file a claim, right?

  • KBR posts 3Q loss as acquisition loses value Wednesday, 24 Oct 2012 | 7:08 PM ET

    HOUSTON-- Engineering company and contractor KBR Inc. said Wednesday that it lost money in the third quarter as it wrote down the value of a 2010 acquisition. KBR bought Chicago- based Roberts& Schaefer in December 2010 for $280 million.

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

  • Skechers shares rise on upbeat outlook Wednesday, 24 Oct 2012 | 7:00 PM ET

    MANHATTAN BEACH, Calif.-- Shoe designer and retailer Skechers USA Inc. said Wednesday that its net income rose 39 percent as revenue from its wholesale division and its own stores grew. Net income for the three months ended Sept. 30 rose to $11.6 million, or 22 cents per share, from $8.4 million, or 17 cents per share, last year.