CNBC Utilities Page Latest Business News Wires - Business Headlines


  • NEW YORK, Oct 24- Gold fell on Wednesday to just above $1,700 an ounce, after the U.S. The metal, which briefly dropped below $1,700 an ounce earlier in the session, has been pressured by worries about a U.S. economic slowdown which also slammed equities and commodities this week.

  • SAN FRANCISCO, Oct 24- Zynga Inc raised the lower end of its 2012 earnings outlook on Wednesday as the company reported a slight uptick in revenue that beat the Street's rock-bottom expectations.

  • UPDATE 3-IAC results beat expectations but shares slump Wednesday, 24 Oct 2012 | 8:26 PM ET

    *Q3 adjusted EPS 71 cents vs Wall St view 66 cents. Oct 24- IAC/InteractiveCorp easily beat quarterly expectations on the strength of its search business but its shares slumped, which the company said was due to a misinterpretation of its forecast by FactSet Research Systems.

  • Trinity's 3Q profit soars but revenue falls short Wednesday, 24 Oct 2012 | 8:22 PM ET

    DALLAS-- Trinity Industries Inc.' s shares fell in after-hours trading Wednesday after the industrial manufacturer said that manufacturing investments would hurt its performance for the remainder of the year. The Dallas- based company's net income nearly doubled to $63.2 million, or 80 cents per share, for the period that ended Sept. 30.

  • FOREX-Dollar holds gains vs euro after predictable Fed Wednesday, 24 Oct 2012 | 8:14 PM ET

    NEW YORK, Oct 24- The dollar held gains against the euro o n Wednesday after t he Federal Reserve p rovided no surprises at its policy meeting, sticking to its st imulus plan to boost a still sluggish U.S. economy and keeping rates low for some time.

  • Crude oil stocks in the United States jumped 5.9 million barrels last week, the U.S. Energy Information Administration said in a weekly report, well above the increase of 1.9 million barrels in a Reuters survey of analysts.

  • 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.