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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • *Obama, Romney offer jobs pitch at start of debate Wednesday, 17 Oct 2012 | 9:28 AM ET
  • *Obama calls for reintroducing assault-weapons ban Wednesday, 17 Oct 2012 | 9:25 AM ET
  • *Investigators visit Mass. firm in meningitis case Wednesday, 17 Oct 2012 | 9:24 AM ET
  • Ahead of the Bell: IBM falls on disappointing 3Q Wednesday, 17 Oct 2012 | 9:24 AM ET

    Shares fell $8.67, or 4.1 percent, to $202.33 in premarket trading. Revenue in its region that includes Europe declined 9 percent, more than any other part of the world. That's because sales made in Europe are converting into fewer U.S. dollars than a year ago.

  • FACT CHECK: Stumbles in latest presidential debate Wednesday, 17 Oct 2012 | 9:23 AM ET

    Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't.

  • *Romney releases new ad TV on abortion Wednesday, 17 Oct 2012 | 9:21 AM ET
  • Bermuda buffeted by wind, rain from passing Rafael Wednesday, 17 Oct 2012 | 9:20 AM ET

    HAMILTON, Bermuda-- Fast-moving Hurricane Rafael was barreling past Bermuda on Tuesday night, driving gusty winds and pelting rain as its center traveled east of the storm-hardened British Atlantic territory. By 8 p.m. EDT, Rafael was a Category 1 hurricane with winds of 85 mph as its spinning center was located about 115 miles east-southeast of Bermuda.

  • Air Canada helps find troubled yacht off Australia Wednesday, 17 Oct 2012 | 9:18 AM ET

    TORONTO-- An Air Canada passenger flight bound for Sydney helped pinpoint the location of a yacht in trouble off the coast of Australia. Air Canada said its plane swooped down at about 1,200 meters while the crew peered out using binoculars borrowed from passengers.

  • US housing construction jumps to 4-year high Wednesday, 17 Oct 2012 | 9:18 AM ET

    WASHINGTON-- U.S. builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months.

  • Praise, skepticism as Cuba eases travel rules Wednesday, 17 Oct 2012 | 9:16 AM ET

    HAVANA-- For the first time since the height of the Cold War more than half a century ago, Cuba is giving its people the freedom to leave the country without government permission, scrapping the detested exit visa that kept many from traveling outside the communist nation for even a few days. said Mercedes Delgado, a 73- year-old retiree. "

  • Lopez, Kardashian to host 'The X Factor' Wednesday, 17 Oct 2012 | 9:14 AM ET

    LOS ANGELES-- Mario Lopez and Khloe Kardashian Odom are officially joining "The X Factor." "The worst kept secret in Hollywood is out," said "X Factor" creator and judge Simon Cowell in a statement. " Britney Spears and Demi Lovato joined Cowell and L.A. Reid on "The X Factor" judging panel at the start of the second season.

  • *Aerialist plans tightrope walk near Grand Canyon Wednesday, 17 Oct 2012 | 9:13 AM ET
  • Conservation groups sue Calif agency over fracking Wednesday, 17 Oct 2012 | 9:11 AM ET

    The lawsuit filed Tuesday in Alameda County Superior Court charges the California Department of Conservation, Division of Oil, Gas and Geothermal Resources, also known as DOGGR, with failing to adequately monitor possible pollution caused by hydraulic fracturing, or "fracking."

  • Nike severs ties to Armstrong "with great sadness" Wednesday, 17 Oct 2012 | 9:11 AM ET

    NEW YORK-- Nike has severed ties with cyclist Lance Armstrong, citing insurmountable evidence that he participated in doping and misled the company about those activities for more than a decade. "Nike does not condone the use of illegal performance enhancing drugs in any manner," it said in a statement.

  • Conservative PAC takes aim at Maine's Senate race Wednesday, 17 Oct 2012 | 9:10 AM ET

    WASHINGTON-- Sensing an opportunity to keep Maine's Senate seat in Republican hands, a super PAC started by GOP strategist Karl Rove is airing television ads in the state for the first time as part of a $5 million blitz in a handful of states.

  • Looming federal cuts big risk to small companies Wednesday, 17 Oct 2012 | 9:10 AM ET

    NEW YORK-- Laura Schoppe's small business gets about half of its revenue from contracts with the federal government. Schoppe and thousands of other small companies with federal contracts are watching to see if Congress will stop a mandatory $109 billion in federal budget cuts scheduled to take effect Jan. 2 in what's being called sequestration.

  • Infant formula maker sued after baby's death Wednesday, 17 Oct 2012 | 9:09 AM ET

    BELLEVILLE, Ill.-- The families of a three babies sickened by a rare bacterial infection, including a 10- day-old Missouri infant who died, filed a lawsuit Tuesday against the Illinois- based manufacturer of a powdered baby formula that they believe is responsible.

  • *Gallaudet employee seeks reinstatement Wednesday, 17 Oct 2012 | 9:08 AM ET
  • Suit filed against farm contractor over wages Wednesday, 17 Oct 2012 | 9:06 AM ET

    MONTEREY, Calif.-- California labor officials are suing a farm labor contractor for $1.6 million over allegations the company failed to properly pay 150 farmworkers.

  • Release of names in prostitution case stirs debate Wednesday, 17 Oct 2012 | 9:06 AM ET

    KENNEBUNK, Maine-- The first batch of men charged with being clients of a woman accused of turning her Zumba dance studio into a brothel included a former mayor and men from more than a dozen towns in Maine, as well as one each from Massachusetts and New Hampshire.