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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • SYDNEY, Oct 31- The yen drifted off a one-week high against the dollar on Wednesday thanks to a general improvement in risk appetite, paring gains made after the Bank of Japan balked at delivering bolder action to kickstart growth.

  • UPDATE 4-Greek government gets more backing on reforms Tuesday, 30 Oct 2012 | 10:15 PM ET

    *Greece slashes privatisation revenue targets. ATHENS, Oct 30- An overwhelming majority of Greek Socialist lawmakers have agreed to vote in favour of contested austerity reforms, party officials told Reuters on Tuesday, sharply increasing the odds of securing parliamentary approval for the measures.

  • OTTAWA, Oct 30- There are signs that Canada's soaring household debt and its heated housing market- two of the biggest headaches for the country's policymakers- are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

  • Oct 30- Citigroup Inc said it was ready for markets to re-open on Wednesday despite power outages in the waterside neighborhood where it is located and flood damage in a building where its investment bankers work. It is also used by Citigroup's transaction services unit, which caters to corporations and governments around the world.

  • SAN FRANCISCO, Oct 30- Video game publisher Electronic Arts Inc forecast third-quarter earnings below Wall Street targets on Tuesday after its ``Medal of Honor: Warfighter'' title fell short of expectations for a crowded holiday season.

  • UPDATE 2-S&P downgrades Argentine sovereign debt Tuesday, 30 Oct 2012 | 10:00 PM ET

    BUENOS AIRES, Oct 30- Argentina was hit by a sovereign credit ratings downgrade on Tuesday after the government blasted a U.S. court ruling that would force the country to repay creditors who have sued to collect on defaulted bonds.

  • Kodak posts larger loss amid bankruptcy costs Tuesday, 30 Oct 2012 | 9:59 PM ET

    *Kodak hopes to emerge from bankruptcy in 2013. Oct 30- Eastman Kodak Co on Tuesday said its third-quarter loss grew 41 percent from a year earlier, reflecting restructuring and other costs as the bankrupt camera pioneer shifts its business focus toward printing from photography.

  • Reuters World News Highlights 2200 GMT Oct 30 Tuesday, 30 Oct 2012 | 9:58 PM ET

    NEW YORK- Millions of people were left reeling in the aftermath of monster storm Sandy on Tuesday as New York City and a wide swathe of the eastern United States struggled with epic flooding and massive power outages.

  • *Philadelphia's 330,000- bpd refinery restarting. *Hess 70,000- bpd NJ refinery, Imperial plant suffer outages.

  • NEW YORK, Oct 30- U.S. gasoline and heating oil futures slid on Tuesday, pulling back from pre-Hurricane Sandy gains as several key East Coast refineries and pipelines restored operations and traders bet on an enormous hit to demand for fuel.

  • *Verizon has flooding central offices, West Street out of action. *AT&T, T-Mobile USA, Sprint suffer service problems. While all the region's telecom service providers were having problems, Verizon Communications, which serves many of the states in the hurricane's path, may have suffered some of the worst damage from the storm to its wireline network.

  • LOS ANGELES, Oct 30- Walt Disney Co has agreed to buy filmmaker George Lucas's Lucasfilm Ltd and the ``Star Wars'' franchise for $4.05 billion in cash and stock, a b lockbuster deal that includes the surprise promise of a new film in the series in 2015..

  • Manulife says Hurricane Sandy exposure is 'manageable' Tuesday, 30 Oct 2012 | 9:33 PM ET

    TORONTO, Oct 30- Manulife Financial, one of North America's largest insurers, said its exposure to Hurricane Sandy was manageable and within its risk tolerance. Intact Financial, which is Canada's largest property& casualty insurer, said it has no exposure to the hurricane as it does not have any U.S. operations.

  • Canada sees G20 talks pressuring Europe, U.S. Tuesday, 30 Oct 2012 | 9:31 PM ET

    OTTAWA, Oct 30- This weekend's meetings of the Group of 20 leading nations are likely to keep pushing Europe and the United States to confront their debt troubles, Canadian Finance Minister Jim Flaherty said on Tuesday.

  • OTTAWA, Oct 30- There are signs that Canada's soaring household debt and its heated housing market- two of the biggest headaches for the country's policymakers- are decelerating, Bank of Canada Governor Mark Carney said on Tuesday.

  • NEW YORK, Oct 30- The pilots union at American Airlines said on Tuesday that a labor deal could be close if the bankrupt airline is willing to make certain key concessions.

  • LONDON, Oct 30- World shares rose modestly in subdued trading on Tuesday as investors and traders readied for U.S. markets to reopen after a massive storm that wrought destruction across the eastern United States.

  • *Sees full-year non-GAAP EPS $1.65- $1.68. Oct 30- Western Union Co, the world's largest payment transfer company, cut its full-year forecast as rising competition and weak markets weigh on its business. Western Union raised its share buyback plan to $750 million and its annual dividend by 25 percent to 50 cents.

  • Some of the rerouted calls came in without location information that police or firefighters need to find the caller, FCC Chairman Julius Genachowski told a news conference to discuss communications outages. FCC officials declined to say where the affected call centers were.

  • HOUSTON, Oct 30- New York's electric grid operator said more than 90 transmission lines remained out of service on Tuesday afternoon, a day after Hurricane Sandy slammed into the East Coast with 80 mph winds and record storm surge.