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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • On the company's third quarter earnings call, Dominion said the three plants are the 1,536- megawatt Brayton Point coal, natural gas and oil-fired plant in Massachusetts; the 1,158- MW Kincaid coal plant in Illinois; and the company's stake in the 1,424- MW Elwood gas plant in Illinois.

  • SOFTS-Raw sugar above 3-week low, arabica coffee up Thursday, 25 Oct 2012 | 2:48 PM ET

    *Large number of Brazil mills still open for crushing. LONDON, Oct 25- ICE raw sugar futures edged above a three-week low on Thursday, although the upside was capped by fast progress in Brazil's harvest and surplus supplies, while coffee and cocoa also moved higher.

  • Oct 25- The New York Times Co reported worse-than-expected results on Thursday as advertisers cut spending on both print and digital outlets, sending shares down 12 percent. Adjusting for severance costs and other special items, the company reported a quarterly loss of 1 cent per share, well below expectations of earnings of 8 cents per share.

  • With giant storm on the way, NY begins to prep Thursday, 25 Oct 2012 | 2:45 PM ET

    NEW YORK-- Stressing that there's no need to panic, New York officials are bracing for a gale-force storm expected to hit most of the U.S. East Coast next week. While it's too early for precise forecasts, New York City and New Jersey could get the worst of it. New York City Mayor Michael Bloomberg on Thursday noted the uncertainty in the forecasts.

  • Illinois' unemployment drops in all metro areas Thursday, 25 Oct 2012 | 2:44 PM ET

    CHICAGO-- The Illinois Department of Employment Security says there's good news in Illinois' latest unemployment figures. Rockford remains the Illinois metro area with the highest unemployment rate, but it dropped from 13.6 percent in September 2011 to 11 percent last month.

  • NEW YORK, Oct 25- Global shares and commodity prices rose on Thursday, pulled from a recent slide by encouraging news from Britain and China and as U.S. data helped lift investors' appetite for risk assets while not flagging any big concerns. Wall Street opened higher, following gains in European equity markets, and the dollar gained slightly against the euro.

  • Group of major CEOs urges tax hikes, spending cuts Thursday, 25 Oct 2012 | 2:42 PM ET

    WASHINGTON-- CEOs from more than 80 major U.S. companies are pressing Congress to reduce the federal deficit by raising taxes and cutting spending. The CEOs head a diverse array of corporations, including Aetna Inc., Microsoft Corp., JPMorgan Chase& Co., General Electric Co. and Dow Chemical Co..

  • News Summary: UK recession over, economy grows 3Q Thursday, 25 Oct 2012 | 2:40 PM ET

    RECESSION OVER: Britain's economy emerged from its nine-month recession in the July- September quarter, when spending on the Olympics helped it grow 1 percent. BETTER THAN EXPECTED: Economists predicted growth of 0.6 percent for the period.

  • Insurance co. drops Neb. man because of police dog Thursday, 25 Oct 2012 | 2:39 PM ET

    OMAHA, Neb.-- A Nebraska sheriff's deputy is being dropped by his home insurance company, who says the police dog he keeps at his Omaha home is a risk it is not willing to bear.

  • Ford exec - state aid to carmakers not sustainable Thursday, 25 Oct 2012 | 2:39 PM ET

    DETROIT, Oct 25- Ford Motor Co's head of Europe said on Thursday that state aid to struggling carmakers would be untenable in the future, particularly during the deep economic downturn in Europe.

  • Auto dealer stocks fall on earnings reports Thursday, 25 Oct 2012 | 2:38 PM ET

    Shares of AutoNation Inc. and Group 1 Automotive Inc. fell sharply Thursday, even as the companies' results met the forecasts of analysts surveyed by FactSet. AutoNation shares dropped $2.11, or 4.4 percent, to $45.93 in afternoon trading. AutoNation's profit of 66 cents per share matched Wall Street estimates, as did Group 1' s bottom line of $1.32 per share.

  • Voodoo adds tent camping to festival experience Thursday, 25 Oct 2012 | 2:33 PM ET

    NEW ORLEANS-- The Voodoo Music+ Arts Experience is bringing a European music festival experience to New Orleans with overnight tent camping and more Euro-dance-based acts to its stage.

  • *Expects more Windows device sales than Apple, Google products this qtr. Microsoft is doubling down on its bet with its own tablet called the Surface, available only through its own stores and website, which will challenge Apple's iPad head on.

  • DETROIT, Oct 25- Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

  • News Summary: United Continental 3Q earnings Thursday, 25 Oct 2012 | 2:30 PM ET

    United says it is running a reliable operation now, and that its problems are behind it. And much of the profit drop-off was because of an accounting charge. FEWER SEATS, MORE DOUGH: United Continental Holdings Inc. will reduce flying 1 percent next year as it tries to minimize the number of empty seats, so it can charge more for the seats that remain.

  • SEC sues former J.Crew executive for insider trading Thursday, 25 Oct 2012 | 2:29 PM ET

    LoBue again used sales and expense information to purchase 11,680 shares ahead of J.Crew' s August 2009 earnings announcement, the SEC said. Through the trades, LoBue received around $60,000 in illicit profits, the SEC said. The SEC said LoBue's employment at J.Crew was terminated in February 2010.

  • News Summary: Sanofi profit slumps in 3rd quarter Thursday, 25 Oct 2012 | 2:29 PM ET

    SHRINKING PROFIT: Sanofi saw its earnings slump in the third quarter as generic competitors ate into profits of its Eloxatin cancer treatment. DETAILS: Sanofi earned 1.6 billion for the July-September quarter, down 20 percent from 2 billion a year earlier.

  • News Summary: Strikes dent Hyundai 3Q profit Thursday, 25 Oct 2012 | 2:28 PM ET

    WINDING ROAD: Hyundai's took a hit to its third-quarter profit after strikes in South Korea limited vehicle production, but its stock jumped after the carmaker said annual output would exceed forecasts.

  • *Grain inventories at major exporters seen at 17- year low. LONDON, Oct 25- The International Grains Council on Thursday cut its forecast for global maize and wheat crops in 2012/ 13, further tightening supplies with grain stocks at the end of the season seen sinking to a five-year low.

  • Chief Financial Officer Clay Williams characterized it as North America playing defense, while the rest of the world played offense. He said the company was building out facilities in Brazil, while selling more well stimulation equipment into the Middle East, China and Russia.