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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Michigan Senate panel approves Blue Cross bills Wednesday, 17 Oct 2012 | 9:05 AM ET

    LANSING, Mich.-- The state Senate is poised to consider a proposed overhaul of Blue Cross Blue Shield of Michigan after legislation was approved by a committee. The legislation would end Blue Cross' tax-exempt status and change the health insurer from a charitable trust to a customer-owned nonprofit.

  • Big cash spent in AZ, PA, MA Senate race reports Wednesday, 17 Oct 2012 | 9:04 AM ET

    WASHINGTON-- Republican candidates for the Senate in conservative-leaning states generally outraised their Democratic opponents in the latest fundraising quarter ending Sept. 30, but Arizona proved an exception as former surgeon general Richard Carmona raised nearly $500,000 more than Republican Jeff Flake.

  • Fitz Casino lays off unspecified number in Miss. Wednesday, 17 Oct 2012 | 9:04 AM ET

    TUNICA, Miss.-- The Fitz Casino& Hotel Tunica has laid off an unspecified number of employees, citing a soft economy, seasonal fluctuations and increased competition.

  • NY owner gets back $4M painting missing since 1970 Wednesday, 17 Oct 2012 | 9:03 AM ET

    NEW YORK-- A multimillion-dollar Roy Lichtenstein painting of an electrical cord that was sent out for a cleaning 42 years ago and disappeared was returned to its owner on Tuesday.

  • Quest Diagnostics 3Q profit falls 5 percent Wednesday, 17 Oct 2012 | 9:03 AM ET

    MADISON, N.J.-- Quest Diagnostics Inc.' s third-quarter earnings slipped 5 percent, as restructuring costs and a drop in clinical testing revenue hurt the medical laboratory operator's performance. Overall, the company earned $163.1 million, or $1.01 per share, in the three months that ended Sept. 30.

  • Oregon private casino proponents drop campaign Wednesday, 17 Oct 2012 | 9:03 AM ET

    PORTLAND, Ore.-- After betting more than $5 million they could persuade voters to approve Oregon's first privately owned casino, the Canadian developers folded their hand Tuesday, saying they would suspend their campaign because there isn't enough support from voters.

  • Ky. man sentenced to 8 years in investment scheme Wednesday, 17 Oct 2012 | 9:02 AM ET

    OWENSBORO, Ky.-- An Owensboro, Ky. man has been sentenced to eight years in prison and ordered to pay $1.6 million in restitution for a scheme to defraud investors in three states. Judge Joseph H. McKinley Jr. also Tuesday ordered 28- year-old Cory B. George to forfeit contents of three bank accounts totaling about $484,000 to be applied toward final restitution.

  • Renasant Corp. profits rise as loans increase Wednesday, 17 Oct 2012 | 9:00 AM ET

    TUPELO, Miss.-- Regional bank Renasant Corp. said profit in 2012' s third quarter rose 8 percent from the same three months of 2011, as the bank set aside less to cover bad loans and made lower interest payments to savers.

  • ND official praises Colombia trade mission Wednesday, 17 Oct 2012 | 8:59 AM ET

    BISMARCK, N.D.-- North Dakota Agriculture Commissioner Doug Goehring says the state's first trade mission to Colombia in four years shows promise for a long and profitable trade relationship with the South American nation. He says the trip was the beginning of a new effort to make North Dakota a main supplier of products to Colombia.

  • Mont contribution limits in place through election Wednesday, 17 Oct 2012 | 8:57 AM ET

    HELENA, Mont.-- Montana's campaign contribution limits will remain in place at least through the November election after a 9th U.S. Circuit Court of Appeals ruling Tuesday that put a hold on a federal judge's decision that would have allowed for unlimited spending in state races.

  • Harmful bacteria found in raw milk at SD business Wednesday, 17 Oct 2012 | 8:56 AM ET

    PIERRE, S.D.-- The South Dakota Agriculture Department reports that harmful bacteria have been found in a sampling of unpasteurized milk from Black Hills Milk in Belle Fourche. The raw milk is sold at a Spearfish retail outlet, the Black Hills Farmers Market at Founder's Park in Rapid City, and at other Black Hills locations.

  • UK's Cameron in new tangle over phone hacking Wednesday, 17 Oct 2012 | 8:55 AM ET

    LONDON-- British Prime Minister David Cameron is ducking new questions about text messages he traded with Rebekah Brooks, the former chief of News Corp.' s U.K. newspapers who faces charges linked to the country's phone hacking scandal.

  • NY farmer, NJ company convicted of illegal dumping Wednesday, 17 Oct 2012 | 8:54 AM ET

    ALBANY, N.Y.-- Federal authorities say a central New York farmer and a New Jersey waste management company owner have been found guilty of conspiring to illegally dump tons of asbestos-contaminated construction debris on wetlands near the Mohawk River in 2006..

  • Calif. congressional races attract big donations Wednesday, 17 Oct 2012 | 8:52 AM ET

    _ In a San Diego- area race, Democrat Scott Peters reported raising $1.2 million in his bid to unseat Republican Rep. _ Democratic state Assemblywoman Julia Brownley reported taking in $748,970 last quarter in her bid for an open Ventura County seat and ended September with $304,380 in cash.

  • Okla. gas prices fall nearly 10 cents per gallon Wednesday, 17 Oct 2012 | 8:52 AM ET

    OKLAHOMA CITY-- The average price of gasoline is down nearly 10 cents per gallon across Oklahoma. AAA Oklahoma reported Tuesday that the average price for a gallon of self-serve unleaded gas is just more than $3.53 per gallon _ compared to $3.63 per gallon last week.

  • $1.2M settlement reached with NY pharmacist Wednesday, 17 Oct 2012 | 8:51 AM ET

    ALBANY, N.Y.-- New York Attorney General Eric Schneiderman says a $1.2 million settlement has resolved claims that a Brooklyn pharmacist defrauded Medicaid by improperly billing for prescription medications that he purchased on the street from 2004 to 2009..

  • Conn. man sentenced to 2 years for fraud Wednesday, 17 Oct 2012 | 8:50 AM ET

    NEW HAVEN, Conn.-- A Madison, Conn. man has been sentenced to two years in prison for cheating investors out of $675,000. Federal prosecutors say 58- year-old Thomas Donnelly swindled four investors and used most of their money to pay his own mortgage and other personal expenses. A judge sentenced him Tuesday in U.S. District Court in New Haven.

  • Tourism leaders: 'Do AC' campaign is catching on Wednesday, 17 Oct 2012 | 8:49 AM ET

    The Atlantic City Alliance, the new marketing arm of the casinos, says its multimillion-dollar advertising campaign shows people in New Jersey, New York, Pennsylvania and Baltimore, Md., are improving their perceptions of Atlantic City. That money is now being used to promote Atlantic City more aggressively than ever before.

  • News Summary: Portugal raises $2.4B in auction Wednesday, 17 Oct 2012 | 8:46 AM ET

    BILLIONS BID: Portugal managed to raise 1.85 billion in a debt auction Wednesday despite the country's bleak economic prospects and growing political tension over austerity policies.

  • Armstrong stepping down as Livestrong chairman Wednesday, 17 Oct 2012 | 8:45 AM ET

    AUSTIN, Texas-- Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity to it can focus on its mission instead of its founder's problems. Armstrong's announcement came minutes before Nike Inc., announced it is terminating its personal contract with him.