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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • News Summary: US industrial output up in September Tuesday, 16 Oct 2012 | 12:16 AM ET

    INDUSTRIAL PRODUCTION: Output at the nation's factories, mines and utilities increased a modest 0.4 percent in September after falling 1.4 percent in August.

  • State Street shares up on 3Q report, expense cuts Tuesday, 16 Oct 2012 | 12:14 AM ET

    BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.

  • Owner of Einstein Bros. bagel chain warns on 3Q Tuesday, 16 Oct 2012 | 12:14 AM ET

    Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.

  • News Summary: Builder confidence at 6-year high Tuesday, 16 Oct 2012 | 12:12 AM ET

    CONFIDENCE BOOST: The National Association of Home Builders/Wells Fargo builder sentiment index increased to 41 in October. That's up from 40 in September and the highest reading since June 2006, just before the housing bubble burst. HEIGHTENED INTEREST: A gauge of traffic by prospective buyers rose 5 points to 35, the highest level since April 2006.

  • Oil prices slip on mixed economic data Tuesday, 16 Oct 2012 | 12:11 AM ET

    Benchmark U.S. crude fell 13 cents to $91.72 in New York. Brent crude, used to price many foreign varieties of oil, was down 68 cents at $113.72 in London. The Labor Department said the consumer price index rose 0.6 percent last month, the same as in August, with inflation still in check.

  • *News Summary: Gap announces management overhaul Tuesday, 16 Oct 2012 | 12:10 AM ET
  • Ironwood Pharma posts 3Q profit on drug approval Tuesday, 16 Oct 2012 | 12:06 AM ET

    CAMBRIDGE, Mass.-- Ironwood Pharmaceuticals Inc. said Tuesday it turned a profit in the third quarter after the Food and Drug Administration approved its irritable bowel syndrome treatment Linzess.

  • New Hampshire jobless rate is at 5.1 percent Tuesday, 16 Oct 2012 | 12:05 AM ET

    CONCORD, N.H.-- New Hampshire's unemployment rate is 5.1 percent for September, slightly less than it was a year ago. The rate was down from the August figure of 5.7 percent. The unemployment rate in New Hampshire in September 2011 stood at 5.2 percent.

  • On the Call: Mattel CEO Bryan Stockton Tuesday, 16 Oct 2012 | 12:03 AM ET

    Mattel said Tuesday that its net income rose 22 percent in the third quarter on cost cuts and higher sales of toys such as Monster High dolls and Fisher Price. Here CEO Bryan Stockton discusses global toy industry sales. As you look at Europe, frankly, we are quite pleased with the toy business in Europe.

  • Asian stocks gain on strong US retail sales report Monday, 15 Oct 2012 | 11:35 PM ET

    Japan's Nikkei 225 index rose 0.9 percent to 8,658.82 and South Korea's Kospi climbed 0.4 percent to 1,932.78. Electronics company Toshiba Corp. rose 1.9 percent in Tokyo while Samsung Electronics Co. rose 1.7 percent in Seoul.

  • *News Summary: BlackRock makes latest ETF fee cuts Monday, 15 Oct 2012 | 8:44 PM ET
  • Moonves re-ups as CBS chief executive into 2017 Monday, 15 Oct 2012 | 8:00 PM ET

    NEW YORK-- Leslie Moonves has a new five-year contract with broadcaster CBS that extends his term as chief executive through June 2017. CBS said 63- year-old Moonves' salary will remain the same and he will still be eligible for an annual bonus and stock grants.

  • Former Sen. Mitchell to lead PG&E pipeline talks Monday, 15 Oct 2012 | 7:52 PM ET

    SAN FRANCISCO-- A former U.S. senator who helped negotiate a peace treaty in Northern Ireland has been appointed to help California energy regulators and Pacific Gas& Electric reach a settlement over a pipeline explosion that killed eight people, the two sides announced Monday.

  • Family seeks answers after death at tuna plant Monday, 15 Oct 2012 | 7:19 PM ET

    SANTA FE SPRINGS, Calif.-- Workplace safety investigators and a grieving family on Monday searched for an explanation of how a worker was cooked to death at a Bumble Bee tuna processing plant.

  • APNewsBreak: Johnny Depp starting book imprint Monday, 15 Oct 2012 | 7:01 PM ET

    NEW YORK-- How cool is this: Johnny Depp is going to help run a publishing imprint. Already on the list of books is one by Bob Dylan, "The Unraveled Tales of Bob Dylan," which aims to set the record straight on the songwriter's enigmatic life and career and will be based in part on interviews with Dylan by best-selling historian Douglas Brinkley.

  • Calif. home prices rise in September; sales fall Monday, 15 Oct 2012 | 6:40 PM ET

    SAN DIEGO-- California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday. The median price for new and existing houses and condominiums in California reached $287,000, up 15.3 percent from $249,000 in September 2011, DataQuick said.

  • Bankrate shares drop after-hours on 3Q outlook Monday, 15 Oct 2012 | 6:40 PM ET

    NEW YORK-- Shares of Bankrate Inc. tumbled in after-hours trading Monday after the company said it expects third-quarter net income declined as it continued to absorb charges related to its initial public offering and other costs.

  • Thor Industries finance chief resigns Monday, 15 Oct 2012 | 6:31 PM ET

    JACKSON CENTER, Ohio-- Thor Industries Inc. said Monday that a search is under way for a new chief financial officer to replace Christian G. Farman, who has resigned to pursue other interests. Shares of Thor rose 84 cents, or 2.3 percent, to end at $36.88. Since trading at a low of $22.25 last December the stock has steadily risen to recently peak at $37.85.

  • Alterra forecasts 3Q crop and catastrophe losses Monday, 15 Oct 2012 | 6:26 PM ET

    NEW YORK-- Alterra Capital Holdings Ltd. said Monday that it expects to book third-quarter underwriting losses of $22.5 million related to U.S. crop failures this summer, and $10 million to $15 million from events such as Hurricane Isaac. Alterra provides insurance and reinsurance to companies, governmental groups and other insurers.

  • Rates on US Treasury bills rise at weekly auction Monday, 15 Oct 2012 | 6:20 PM ET

    WASHINGTON-- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills rising to the highest level since March 2011. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, up from 0.100 percent last week.