CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • NEW ORLEANS-- UnitedHealth Group Inc. and the Louisiana Alliance of Boys& Girls Clubs are bringing a 12- month program to help obese and overweight children lose weight. The classes are only for families on the company's Medicaid plan in the New Orleans area. Ann K. Logarbo, chief medical officer for UnitedHealthcare Community Plan of Louisiana.

  • CHICAGO-- ComEd has started an energy efficiency program that is taught by people with developmental disabilities for those with similar issues. ComEd is partnering with eight nonprofit organizations in Chicago and the suburbs that work with the developmentally disabled. ComEd is part of Chicago- based Exelon Corp..

  • RIYADH, Saudi Arabia-- Saudi Arabia's oil minister said Tuesday his country has the ability to meet existing and future demand for oil, seeking to alleviate concerns about supply and cut prices. Brent crude, which is used to price international varieties of oil, was trading above $113 a barrel in London on Tuesday.

  • MADRID-- Spain's economy minister played down the International Monetary Fund's forecast that the Spanish economy will contract by 1.3 percent next year _ more than double its previous predictions _ saying Tuesday that the forecast is not written in stone.

  • The campaign has begun in earnest to try to get New Jersey voters to support a $750 million bond issue for campus construction projects at the state's colleges and universities, but it's not clear whether there's going to be any organized opposition.

  • WASHINGTON-- About 100 medium-sized U.S. banks will have to show how prepared they are to withstand a financial crisis next year, under a rule adopted Tuesday.

  • FAYETTEVILLE, Ark.-- Arkansas coach John L. Smith appears to have structured the bulk of his $850,000 salary to be paid after the likely end of his bankruptcy proceedings. The contract was signed a week after Smith acknowledged publicly to The Associated Press that he was facing bankruptcy as a result of land deals gone bad in Kentucky.

  • HUNTINGTON, W.Va.-- Specials Metals Corp. has laid off more than 80 workers in Kentucky and West Virginia. Special Metals' parent, Precision Castparts Corp., announced the layoffs Monday. Precision Castparts spokesman Dwight Weber attributes the decision to adverse market conditions.

  • JOHANNESBURG-- African leaders joined thousands of Ugandans Tuesday on an airstrip in the capital of Kampala where 50 years ago Uganda announced independence from British rule.

  • NEW YORK-- New York City's Henry Hudson Bridge is going cashless. Unmanned, cashless toll booths are being introduced on the Bronx- Manhattan crossing beginning Nov. 10. The toll remains the same: $2.20 with E-ZPass and $4 without.

  • ISLAMABAD-- A waterborne parasite commonly known as "brain-eating amoeba" has killed 10 people in Pakistan's largest city, a Pakistani official with the World Health Organization said Tuesday. Musa Khan, in charge of WHO's Disease Early Warning System in Pakistan, said the deaths were reported in the city of Karachi from March to September.

  • Indexes fell on Wall Street as investors reacted to another weak forecast on the global economy and ahead of the traditional start of earnings season: results from Alcoa, the aluminum maker and economic bellwether, which come out after the closing bell.

  • SAN FRANCISCO-- The average price of regular gas in California has inched up to $4.671 a gallon, making it the highest in the nation for another day. AAA reported the price was higher than Monday's price of $4.668, which also was an all-time high for the state. California usually converts to the gas on Oct. 31.

  • LUXEMBOURG-- Europe made little progress Tuesday in its efforts to secure the region's stricken financial system and ensure that failing banks never risk an entire country's economy again when finance ministers from the 27- country European Union failed to agree on how a single banking supervisor should be set up.

  • Afghanistan's first female rapper Sosan Firooz pleads into her microphone. She sings about repression of women, her hopes for a peaceful Afghanistan and the misery she says she experienced as a small child living in neighboring Iran.

  • BISMARCK, N.D.-- A recent study of the cost of maintaining North Dakota's county and township roads is being expanded to include bridges. The Upper Great Plains Transportation Institute at North Dakota State University did the study at the Legislature's request.

  • COLUMBUS, Neb.-- The Nebraska Public Power District plans to issue $250 million in bonds this month to pay for transmission lines and power generation projects. Some of the proceeds from the bonds will also be used repay part of the utility's general revenue bonds. The fixed-rate, tax-exempt bonds will be issued on Oct. 15.

  • BISMARCK, N.D.-- Some North Dakota lawmakers say the Three Affiliated Tribes deserves a greater share of the taxes collected from reservation oil production. The Legislature's Tribal and State Relations Committee reviewed the idea. He says the panel didn't approve the 80 percent split, but he's expecting the Legislature will see the proposal next year.

  • NEW YORK-- U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy. Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday.