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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Texas officials may double electricity price cap Wednesday, 24 Oct 2012 | 6:57 PM ET

    AUSTIN, Texas-- The Texas Public Utility Commission is likely to double the price cap on wholesale electricity to encourage more generation.

  • *Delta a penny shy of estimates as US Airways beats. *Delta shares slide 1.6 pct; US Airways up 2.3 pct. Oct 24- U.S. carriers Delta Air Lines and US Airways Group turned in higher quarterly profits on Wednesday and indicated revenue trends looked to be improving following a soft September.

  • *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.

  • *News Summary: Fed holds to bond-buying plan Wednesday, 24 Oct 2012 | 6:49 PM ET
  • Mass. pharmacy dodged reprimand after protest Wednesday, 24 Oct 2012 | 6:49 PM ET

    BOSTON-- Massachusetts regulators in 2004 proposed a formal reprimand for a company now linked to deadly meningitis outbreak, but they never delivered it after the company protested the reprimand could be "fatal to the business."

  • News Summary: US Airways posts record 3Q profit Wednesday, 24 Oct 2012 | 6:48 PM ET

    HIGH FLIER: US Airways turned in a strong performance during a three-month stretch that covers much of the peak summer season. MERGER IN MIND: The results are especially important to US Airways Group Inc. as it pursues a merger with American Airlines.

  • ABC News wants 'pink slime' lawsuit in fed court Wednesday, 24 Oct 2012 | 6:47 PM ET

    NORTH SIOUX CITY, S.D.-- Lawyers for ABC News are asking to have a defamation lawsuit against the company filed by a South Dakota beef processing plant transferred from circuit court to federal court. Beef Products Inc. sued ABC News Inc. for defamation over its coverage of a meat product that critics dub "pink slime."

  • Angie's List loss widens on higher marketing costs Wednesday, 24 Oct 2012 | 6:44 PM ET

    INDIANAPOLIS-- Angie's List posted a wider loss in the third quarter due to hefty advertising spending, but succeeded in attracting hundreds of thousands of new subscribers to its online business ratings and reviews, boosting revenue by 75 percent. Shares rose $1.21, or more than 13 percent, to $10.30 in after-hours trading on the news.

  • *BBC rocked by accusations of abuse by former TV host. LONDON, Oct 24- Incoming New York Times chief Mark Thompson told Reuters on Wednesday his U.S. employer had given him full support since a sexual abuse scandal erupted at Britain's BBC where he had been in charge until last month.

  • NZ coal mine boss pleads not guilty after disaster Wednesday, 24 Oct 2012 | 6:41 PM ET

    WELLINGTON, New Zealand-- Nearly two years after an explosion at a New Zealand coal mine killed 29 miners, the mine's boss has pleaded not guilty to 12 charges of violating labor laws. Peter Whittall entered the pleas on Thursday in a New Zealand court.

  • News Summary: Delta 3Q profit surges on fuel gains Wednesday, 24 Oct 2012 | 6:41 PM ET

    FLYING HIGH: Delta Air Lines reported a billion-dollar third-quarter profit and said demand is holding up well. GAINING ALTITUDE: The results come as Delta aims to pull ahead of struggling U.S. rivals.

  • U.S. crude settles lower on crude oil inventory rise Wednesday, 24 Oct 2012 | 6:40 PM ET

    December crude fell 94 cents, or 1.08 percent, to settle at $85.73 a barrel, the lowest settlement since July, having traded from $84.94 to $87.47.

  • *Third-quarter net profit up to C $1.30/ shr from C $1.10. TORONTO, Oct 24- Canadian Pacific Railway Ltd said on Wednesday its quarterly profit rose 20 percent on cost cuts and efficiency improvements mostly introduced by a new chief executive who has vowed to shake up Canada's second-largest rail operator.

  • News Summary: Boeing benefits on faster deliveries Wednesday, 24 Oct 2012 | 6:38 PM ET

    BOEING DELIVERS: Boeing is on track to meet delivery targets for the year, and on Wednesday raised its profit guidance and reported a better-than-expected profit for the third quarter. PULSE OF PRODUCTION: Boeing has sped up production, aiming to get some of its newest planes out the door faster.

  • News Summary: IAC stock shaken after outlook mixup Wednesday, 24 Oct 2012 | 6:33 PM ET

    CONFUSED INVESTORS: Shares of IAC/InterActiveCorp declined Wednesday amid investor confusion over the company's 2013 guidance following a mistake by a financial-information provider.

  • American plans to hire 2,500 new pilots Wednesday, 24 Oct 2012 | 6:32 PM ET

    DALLAS-- The CEO of American Airlines said the company expects to hire 2,500 pilots over the next five years as it ramps up international flights.

  • News summary: Best Buy execs leave, 3Q view weak Wednesday, 24 Oct 2012 | 6:26 PM ET

    BYE-BYE: Best Buy said Wednesday two executives, including its U.S. president, are leaving the company. Shares of Best Buy fell in after-hours trading. Joly plans to give his assessment of Best Buy's prospects at the company's Nov. 1 meeting.

  • UPDATE 3-Visa hires JPMorgan's Charles Scharf as CEO Wednesday, 24 Oct 2012 | 6:25 PM ET

    Oct 24- Visa Inc said Charles Scharf, a former head of JPMorgan Chase& Co's retail financial services division, will succeed Joseph Saunders as chief executive, effective Nov. 1. Scharf worked closely with Jamie Dimon, chairman and CEO of JPMorgan, when the two men were at Citigroup Inc in the 1990 s.

  • Choice beats in 3Q on stronger revenue Wednesday, 24 Oct 2012 | 6:22 PM ET

    SILVER SPRINGS, Md.-- Choice Hotels International Inc. said Wednesday that its third-quarter net income jumped 5 percent to beat expectations and it issued better-than-expected full year forecast. Choice Hotels said its net income increased to $44.4 million, or 76 cents per share, for the period that ended Sept. 30.

  • NEW YORK, Oct 24- U.S. stocks briefly dipped into negative territory and then inched higher on Wednesday after the Federal Reserve, in its latest policy statement, stuck to its stimulus plan. The Fed also repeated its vow to keep rates near zero until mid-2015. The Nasdaq Composite Index was up 1.96 points, or 0.07 percent, at 2,992.42.