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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Market pressure eases on Spain amid bailout hopes Wednesday, 17 Oct 2012 | 4:04 AM ET

    MADRID-- Rising speculation that Spain will soon ask for outside help to keep a lid on its borrowing costs has helped ease the pressure on the country in financial markets. There was also some relief in the markets that Moody's did not cut its credit rating on the country as had been widely-feared.

  • Texas landowners take a rare stand against Big Oil Wednesday, 17 Oct 2012 | 3:19 AM ET

    SUMNER, Texas-- Oil has long lived in harmony with farmland and cattle across the Texas landscape, a symbiosis nurtured by generations and built on an unspoken honor code that allowed agriculture to thrive while oil was extracted. In the minds of some landowners approached by TransCanada for land, the company has broken the code.

  • World Food Prize activities attract Occupy protest Wednesday, 17 Oct 2012 | 3:08 AM ET

    DES MOINES, Iowa-- It's difficult to argue with the goals of the World Food Prize Foundation _ to recognize people who have helped improve the quality and availability of food to reduce world hunger.

  • Dutch firm ASML looks to buy US light beam maker Wednesday, 17 Oct 2012 | 2:54 AM ET

    AMSTERDAM-- ASML Holding NV, the biggest supplier of equipment to semiconductor manufacturers, has offered to buy Cymer Inc. of the U.S. for around $2.55 billion in cash and shares.

  • RBS exits government insurance on risky assets Wednesday, 17 Oct 2012 | 2:45 AM ET

    LONDON-- Royal Bank of Scotland, which was rescued in Britain's biggest bank bailout, said Wednesday that it is getting out of an emergency insurance program which helped stabilize the company after it nearly collapsed. Royal Bank of Scotland shares were up 1.6 percent at 284.5 pence in early trading in London.

  • Danone third-quarter sales up 9.4 percent Wednesday, 17 Oct 2012 | 2:27 AM ET

    PARIS-- Yogurt maker Danone says its sales grew solidly in the third quarter of the year, driven by its booming waters business and strong growth in Asia. The Paris- based maker of Evian bottled water warned this year that the economic slowdown in Europe would hit its performance.

  • India, Australia to begin talks on uranium exports Wednesday, 17 Oct 2012 | 2:04 AM ET

    NEW DELHI-- India and Australia agreed Wednesday to begin negotiations on civil nuclear energy cooperation that would eventually allow the export of Australian uranium to the energy-starved South Asian nation.

  • Oil up following Wall Street gains, hope for Spain Wednesday, 17 Oct 2012 | 1:35 AM ET

    BANGKOK-- A positive day for stock markets and hopes that Spain might be on the verge of requesting a bailout to fix its debt crisis helped push oil prices higher Wednesday. Benchmark oil for November delivery was up 16 cents to $92.25 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

  • UniFirst shares jump on fiscal 4Q profit beat Wednesday, 17 Oct 2012 | 12:52 AM ET

    WILMINGTON, Mass.-- Shares of UniFirst Corp. rose Wednesday after the uniform company said that its fiscal fourth-quarter profit rose 25 percent, although it issued a modest full-year forecast due to concerns about high unemployment.

  • *Greece and creditors agree on most issues: troika Wednesday, 17 Oct 2012 | 12:50 AM ET
  • 2nd worker injured in Okla. refinery blast dies Wednesday, 17 Oct 2012 | 12:44 AM ET

    OKLAHOMA CITY-- A second man who was injured in an explosion at an Oklahoma oil refinery has died. A University of Oklahoma Medical Center spokesman says Russell Mann of Davis died Tuesday at the Oklahoma City hospital.

  • Big water gear to be transported on Idaho's US 12 Wednesday, 17 Oct 2012 | 12:43 AM ET

    BOISE, Idaho-- A large shipment of water-purification equipment will be transported through Idaho to Montana on a disputed mountain highway where big loads have been the subject of oversized controversy.

  • Fewer W.Va. workers making minimum wage or less Wednesday, 17 Oct 2012 | 12:42 AM ET

    CHARLESTON, W.Va.-- Labor statistics show the percentage of West Virginia workers paid an hourly wage at or below the federal minimum standard declined in 2011.. There were 462,000 workers being paid hourly rates in West Virginia last year.

  • BB&T to create 1,700 jobs near Greensboro, NC Wednesday, 17 Oct 2012 | 12:42 AM ET

    WINSTON-SALEM, N.C.-- BB&T Corp. says it will create 1,700 new jobs over five years in a large back-office operation near Piedmont Triad International Airport. The bank said Tuesday that it has signed a seven-year sublease to take over a former American Express Co. call center in Greensboro.

  • On the Call: Halliburton CEO Dave Lesar Wednesday, 17 Oct 2012 | 12:40 AM ET

    Halliburton Co. said Wednesday that a decline in revenue in its core North America market was largely responsible for a 12 percent decline in third-quarter profit. Dave Lesar, CEO of the oil services company, said the next couple of quarters could be "pretty bumpy" in North America, where low natural gas prices have caused some customers to pull back on production.

  • Texas Comptroller: Rainy Day Fund climbs to $8.1B Wednesday, 17 Oct 2012 | 12:40 AM ET

    AUSTIN, Texas-- The balance in Texas' Rainy Day Fund is climbing to $8.1 billion. A director from the Texas comptroller's office Wednesday told lawmakers the state's emergency savings account is expected to hit that number when nearly $2 billion in anticipated oil and gas tax collections is transferred into the fund next month.

  • NY brothers wait years to claim $5M lottery prize Wednesday, 17 Oct 2012 | 12:36 AM ET

    SYRACUSE, N.Y.-- Two brothers from central New York have claimed a $5 million lottery prize for a scratch-off ticket they bought at their parents' Syracuse store six years ago, state officials said.

  • Northern Trust 3Q profit rises 5 percent Wednesday, 17 Oct 2012 | 12:34 AM ET

    CHICAGO-- Northern Trust Corp. said Wednesday that its third-quarter net income rose 5 percent due to higher fees from clients for managing their money. The wealth management firm, which is based in Chicago, earned $178.8 million, or 73 cents per share, in the three months through Sept. 30, up from $170.4 million, or 70 cents per share, in the same quarter last year.

  • Review: Technology helps with fitness goals Wednesday, 17 Oct 2012 | 12:26 AM ET

    RICHMOND, Va.-- Many of us know firsthand that losing weight and staying fit can be tough. For me, I started a journey a little over a year ago to get in better shape before my 30th birthday.

  • Oil falls slightly after report shows supplies up Wednesday, 17 Oct 2012 | 12:24 AM ET

    Oil gave up early gains and hovered around $92 per barrel on Wednesday after the government reported a bigger-than-expected increase in U.S. crude supplies. In midday trading on Wednesday, oil was down 7 cents to $92.02 per barrel on the New York Mercantile Exchange.