CNBC Utilities Page Latest Business News Wires - Business Headlines


  • EU needs another $11.7 billion for 2012 budget Tuesday, 23 Oct 2012 | 10:45 AM ET

    STRASBOURG, France-- The European Commission says an additional 9 billion is needed to meet all of the EU's commitments in the 2012 budget. But 5.9 billion will have to come from member states, some of whom are cutting their budgets because of Europe's financial crisis.

  • United Tech operating profit, 3Q 2012 vs. 3Q 2011 Tuesday, 23 Oct 2012 | 10:42 AM ET

    HARTFORD, Conn.-- Third-quarter operating profit, United Technologies Corp. businesses, change from 3 Q 2011:. 2012 2011 Change Percent change. UTC Aerospace 271 204 67 33.

  • On the Call: 3M CFO says outlook cautious Tuesday, 23 Oct 2012 | 10:36 AM ET

    3 M Co.' s industrial and transportation division is its biggest, and like a lot of 3 M's other businesses it tracks the economy's ups and downs. On 3 M's conference call on Tuesday, its executives were asked what demand they're seeing in that area.

  • Some laid-off Aberdeen workers called back Tuesday, 23 Oct 2012 | 10:36 AM ET

    ABERDEEN, S.D.-- A wind turbine blade manufacturer in Aberdeen has called back 15 of the 92 employees who were laid off last month, after receiving new orders. Molded Fiber Glass has received orders from the General Electric Co. for the 40- meter blade that it normally makes and also for a new, larger blade, Plant Manager Dave Giovannini told the American News.

  • Wegmans recalls a brownie mix over undeclared milk Tuesday, 23 Oct 2012 | 10:36 AM ET

    ROCHESTER, N.Y.-- Wegmans Food Markets Inc. says it's recalling a brownie mix after reports from two consumers about allergic reactions to undeclared milk in the product.

  • Chinese landscaping reps touring W.Va. Tuesday, 23 Oct 2012 | 10:35 AM ET

    CHARLESTON, W.Va.-- West Virginia agriculture officials are hosting a delegation from China. The West Virginia Department of Agriculture is teaming up with the state's Nursery and Landscape Association to host the delegation. A reception was held Monday night in Charleston following a tour of a nursery operation in Mason County.

  • NY's Reservoir State Park gets $6M in upgrades Tuesday, 23 Oct 2012 | 10:34 AM ET

    NIAGARA, N.Y.-- A Niagara County park has gotten a $6 million facelift. New York state parks officials and representatives from the New York Power Authority will cut the ribbon Tuesday on improvements at Reservoir State Park. Part of the 133- acre park overlooks NYPA's Robert Moses Power Plant Reservoir, a favorite fishing spot.

  • WVU gets $400K for rural health care outreach Tuesday, 23 Oct 2012 | 10:33 AM ET

    MORGANTOWN, W.Va.-- The Institute for Community and Rural Health at West Virginia University is getting $400,000 for programs designed to help reduce obesity and curb deaths from stroke and heart disease.

  • Roundtable to focus on southern W.Va. job creation Tuesday, 23 Oct 2012 | 10:32 AM ET

    HUNTINGTON, W.Va.-- Job creation in southern West Virginia is the focus of a discussion in Huntington that will bring together federal and regional officials. Nick Rahall will be joined by federal agriculture and commerce officials on Tuesday at a discussion promoted by the Appalachian Regional Commission.

  • San Bruno survivors wants CPUC president replaced Tuesday, 23 Oct 2012 | 10:30 AM ET

    SAN BRUNO, Calif.-- Survivors of a deadly PG&E Corp. pipeline explosion asked Gov. Jerry Brown to replace the president of the California Public Utilities Commission on Monday, saying energy regulators have failed to keep the public safe under CPUC President Michael Peevey's leadership.

  • Greek coalition leaders hold new talks on cutbacks Tuesday, 23 Oct 2012 | 10:25 AM ET

    ATHENS, Greece-- Greece's prime minister is holding another round of talks with his restive coalition partners to try to convince them to accept the last details of an austerity package that the country needs to secure vital rescue loans. Antonis Samaras said Tuesday that "at some point, we have to finish" talks on the 13.5 billion package.

  • Preliminary SC Medicaid budget seeks extra $194M Tuesday, 23 Oct 2012 | 10:19 AM ET

    COLUMBIA, S.C.-- The director of South Carolina's Medicaid agency said Monday that he realizes his preliminary budget calling for nearly $200 million more from state taxes in 2013-14 is likely an impossible request. Clearly, that's not going to fly, " Department of Health and Human Services director Tony Keck told The Associated Press.

  • Study: Miss. Medicaid expansion costly in 2017-25 Tuesday, 23 Oct 2012 | 10:16 AM ET

    JACKSON, Miss.-- Expanding Medicaid would bring Mississippi more federal money from 2014 through 2016 but could cost the state millions of dollars from 2017 through 2025, according to a study released Monday by the state's University Research Center.

  • Dow falls 200 after weak corporate earnings Tuesday, 23 Oct 2012 | 10:15 AM ET

    3 M, which makes everything from Scotch tape to coatings for LCD screens and is an economic bellwether, reduced its profit expectations for this year because of "current economic realities." Chemical maker DuPont said it will cut 1,500 jobs and take other steps to increase competitiveness after earnings fell sharply last quarter.

  • *State radio: Zimbabwe airline to resume flights Tuesday, 23 Oct 2012 | 10:15 AM ET
  • AK Steel shares fall on wider 3Q loss Tuesday, 23 Oct 2012 | 10:14 AM ET

    WEST CHESTER, Ohio-- AK Steel Holding Corp. said Tuesday that its third-quarter loss widened to $60.9 million, as steel prices dropped. The results fell significantly short of Wall Street predictions and AK Steel shares tumbled in morning trading. AK Steel said that tough economic conditions around the world continue to hurt steel shipping volumes and prices.

  • *Obama makes closing argument to voters in new ad Tuesday, 23 Oct 2012 | 10:14 AM ET
  • Sonic Automotive 3Q profit falls on debt costs Tuesday, 23 Oct 2012 | 10:14 AM ET

    CHARLOTTE, N.C.-- Auto dealer Sonic Automotive Inc. said Tuesday that third-quarter income fell 48 percent, dragged down by the cost of buying back company debt. Net income was $10 million, or 18 cents per share, for the three months ended Sept. 30. Shares of the Charlotte- based company fell 11 cents to $18.06 in morning trading.

  • Families of South Africa mine victims break down Tuesday, 23 Oct 2012 | 10:13 AM ET

    The Marikana Commission _ which is investigating violence at Lonmin's platinum mines on Aug. 16 as well as related incidents in which up to 46 people were killed_ was disrupted by the emotional response of grieving family members to the video footage which shows some of the worst state violence since the end of apartheid since 1994..

  • Armstrong removes Tour titles from Twitter bio Tuesday, 23 Oct 2012 | 10:11 AM ET

    MELBOURNE, Australia-- Having won seven Tour de France titles is no longer part of Lance Armstrong's Twitter profile.