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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Going out of print, Newsweek ends an era Thursday, 18 Oct 2012 | 4:53 PM ET

    NEW YORK-- There was a time when the newsweeklies set the agenda for the nation's conversation _ when Time and Newsweek would digest the events of the week and Americans would wait by their mailboxes to see what was on the covers.

  • Google, Nokia, eBay are market movers Thursday, 18 Oct 2012 | 4:51 PM ET

    NEW YORK-- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:. Nokia Corp., down 14 cents at $2.80. Supervalu Inc., up 10 cents at $2.14.

  • Oil prices flat at $92 Thursday, 18 Oct 2012 | 4:48 PM ET

    U.S. benchmark crude eased 2 cents to finish at $92.10 a barrel. Brent crude, which many U.S. refiners use to make gasoline, fell 80 cents to $112.42 in London. China's economic news also offered a complicated outlook for oil demand.

  • Marvell: chief financial officer has resigned Thursday, 18 Oct 2012 | 4:45 PM ET

    SANTA CLARA, Calif.-- Computer chip maker Marvell Technology Group Ltd. said Thursday that Chief Financial Officer Clyde Hosein has resigned from the company to pursue other opportunities. Hosein will assist the company with its search, Marvell said in a statement. Marvell also cut its revenue outlook for its fiscal third quarter on Thursday.

  • Capital One's profit vaults 47 percent in 3Q Thursday, 18 Oct 2012 | 4:44 PM ET

    LOS ANGELES-- Capital One Financial Corp.' s net income vaulted 47 percent in the third quarter, as the lender's acquisition of online bank ING Direct and HSBC's U.S. credit card business helped boost its loan revenue.

  • Chipotle 3rd quarter results miss expectations Thursday, 18 Oct 2012 | 4:43 PM ET

    DENVER-- Restaurant chain Chipotle Mexican Grill Inc. said Thursday that its third-quarter net income rose 20 percent as traffic grew and it opened more stores. Chipotle's net income rose to $72.3 million, or $2.27 per share, from $60.4 million, or $1.90 per share, last year. Revenue rose to $700.5 million from $591.9 million a year ago.

  • On The Call: Southwest Airlines CEO Gary Kelly Thursday, 18 Oct 2012 | 4:39 PM ET

    Southwest Airlines had a small third-quarter profit, but noted that demand from travelers _ especially lucrative business travelers _ was weak in September. The airline said it's seeing signs that September was just a blip, and that demand is picking up again this month.

  • At a glance: Gas prices in battleground states Thursday, 18 Oct 2012 | 4:37 PM ET
  • Suit: Calif. regulators don't enforce heat rules Thursday, 18 Oct 2012 | 4:37 PM ET

    FRESNO, Calif.-- Two law firms have filed a lawsuit on behalf of the United Farm Workers of America and individual farmworkers, alleging California regulators aren't enforcing heat regulations.

  • Conn. unemployment declines in Sept. as jobs rise Thursday, 18 Oct 2012 | 4:34 PM ET

    WETHERSFIELD, Conn.-- Connecticut labor officials say unemployment in the state edged down slightly in September as the number of jobs rose. Labor officials said Thursday that preliminary estimates from the federal Bureau of Labor Statistics show Connecticut's job market stabilized.

  • News Summary: Morgan Stanley earnings jump Thursday, 18 Oct 2012 | 4:29 PM ET

    BY THE NUMBERS: Morgan Stanley reported higher net income and revenue, after stripping out an accounting charge. That's when ratings agency Moody's downgraded the bank. THE JOBS FRONT: Like many banks, Morgan Stanley is trimming its work force to cushion itself against an uncertain economy.

  • News Summary: Beans, corn up on weather worries Thursday, 18 Oct 2012 | 4:29 PM ET

    GAINING GRAINS: Prices rose for wheat, corn and soybeans as adverse weather hit key farming regions in Brazil and Argentina. Although it's early in the season, some investors questioned whether the problems will wind up hurting the harvest. China said its economy grew in the July-through-September period from the year-ago quarter.

  • Diplomats: EU chiefs agree on bank supervisor Thursday, 18 Oct 2012 | 4:27 PM ET

    BRUSSELS-- European Union leaders announced early Friday they had agreed to create a single supervisor for banks in countries that use the euro, and said it would "probably" become operational sometime next year. France has been pushing to get all 6,000 banks in the 17 euro countries under the supervision of one European body by the end of this year.

  • Hybrid vehicle battery creator Ovshinsky, 89, dies Thursday, 18 Oct 2012 | 4:23 PM ET

    DETROIT-- Stan Ovshinsky, the self-taught inventor who developed the nickel-metal hydride battery used in the hybrid vehicle industry, has died at his home in suburban Detroit after a fight with cancer. His son, Harvey Ovshinsky, said his father was passionate about science and alternative energy, but also about civil rights and other social causes.

  • Regulator rejects Bell's bid for Astral Thursday, 18 Oct 2012 | 4:20 PM ET

    TORONTO-- Canada's broadcast regulator has rejected BCE Inc.' s bid to buy Astral Media Inc. for US $3.40 billion. BCE, Canada's largest telecommunications company, had wanted to create a media powerhouse with more content to deliver to televisions and mobile devices across Canada.

  • News Summary: Chinese co. warns on US investment Thursday, 18 Oct 2012 | 4:18 PM ET

    BLOWBACK: The Chinese company suing President Barack Obama for blocking its planned wind farm projects accused the U.S. leader and his government of discrimination and warned that the case would deter Chinese investment in the United States.

  • Michigan combines regulation of health providers Thursday, 18 Oct 2012 | 4:16 PM ET

    LANSING, Mich.-- State regulators in Michigan have created a new agency to focus on health care providers. The Michigan Department of Licensing and Regulatory Affairs said Thursday that it's forming a new Bureau of Health Care Services.

  • Arizona jobless rate for September at 8.2 percent Thursday, 18 Oct 2012 | 4:16 PM ET

    PHOENIX-- Arizona's September unemployment dipped to 8.2 percent, down from 8.3 percent the two previous months. Department of Administration economists report that the state added 30,000 jobs, mostly in government due to seasonal hiring by schools. The department says seven of the 11 major economic sectors added jobs in September while four lost jobs.

  • Fed approval for NY/NJ gas pipeline stands Thursday, 18 Oct 2012 | 4:14 PM ET

    JERSEY CITY, N.J.-- Federal environmental officials have declined to reconsider their approval of a 16- mile natural gas pipeline across portions of northern New Jersey and into New York City. A spokesman for the Federal Energy Regulatory Commission says the decision was made at the agency's meeting Thursday in Washington.

  • News Summary: Signs Chinese economy recovering Thursday, 18 Oct 2012 | 4:14 PM ET

    RECOVERY: China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape. THE NUMBERS: The world's second-largest economy grew 7.4 percent in the three months ending in September.