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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Surveys: Small biz owners optimistic about future Tuesday, 9 Oct 2012 | 3:55 PM ET

    NEW YORK-- Small business owners may be pessimistic about the economy and their own companies right now, but they're getting optimistic about the future. A survey released Tuesday by the National Federation of Independent Business shows that owners became more pessimistic during September as employment and sales remained weak.

  • News Summary: Alcoa, Aluminum Bahrain settle suit Tuesday, 9 Oct 2012 | 3:52 PM ET

    CASE RESOLVED: Alcoa agreed to pay $85 million to Aluminum Bahrain BSC, or Alba, to settle a bribery lawsuit without admitting liability. THE DETAILS: Bahrain- controlled Alba sued Alcoa and associated companies in 2008, alleging they paid millions of dollars in bribes to Bahrain officials and others.

  • AO Smith names new chief executive Tuesday, 9 Oct 2012 | 3:44 PM ET

    MILWAUKEE-- A.O. Smith appointed its chief operating officer as CEO Tuesday. President and COO Ajita Rajendra, the new CEO, joined A.O. Smith in 2005 as president of its Water Products Co., which makes residential and commercial water heaters and boilers. Shares of A.O. Smith Corp. fell 40 cents to $57.45 in afternoon trading.

  • Fla. Board of Education seeking budget increases Tuesday, 9 Oct 2012 | 3:39 PM ET

    The State Board of Education voted Tuesday to seek a $643 million, or 4.4 percent, spending increase next year for Florida's public schools and colleges. The total $15.6 billion spending request for the budget year beginning July 1, 2013, includes $9.88 billion in basic funding for kindergarten through 12th grade.

  • News Summary: Protests greet German leader Tuesday, 9 Oct 2012 | 3:36 PM ET

    CHILLY RECEPTION: German Chancellor Angela Merkel's first visit to Greece since its debt crisis erupted three years ago sparked mostly peaceful protests attended by some 50,000 demonstrators Tuesday in Athens.

  • NY comptroller: Wall Street health still volatile Tuesday, 9 Oct 2012 | 3:35 PM ET

    ALBANY, N.Y.-- Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.

  • Grains futures mixed, beef prices rise Tuesday, 9 Oct 2012 | 3:34 PM ET
  • *Louis C.K. to delay show's 4th season until 2014 Tuesday, 9 Oct 2012 | 3:33 PM ET
  • Tension over role of service dogs for vets Tuesday, 9 Oct 2012 | 3:33 PM ET

    ALBUQUERQUE, N.M.-- Stories like Jim Stanek's are common and quickly multiplying: An Iraqi war veteran with posttraumatic stress disorder and traumatic brain injury, he says his life was saved by a dog that gave him the confidence to do seemingly simple things, like go out to dinner and look his wife in the eye rather than watch his own back.

  • Nielsen's top programs for Oct. 1-7 Tuesday, 9 Oct 2012 | 3:30 PM ET

    1. "NCIS," CBS, 18.87 million. 3. "60 Minutes," CBS, 15.96 million. 4. "The Big Bang Theory," CBS, 15.18 million.

  • Encouraging ratings start for NBC in new season Tuesday, 9 Oct 2012 | 3:26 PM ET

    NEW YORK-- It may not qualify as a revolution, but after years of relentless bad news in the ratings, NBC has opened the new television season with some positive signs. Sunday night football leads the way, as is often the case for NBC. " While third in the ratings race last week, NBC won among viewers ages 18- to-49, the demographic where it concentrates its business.

  • GOP lawmakers seek removal of VA's chief of staff Tuesday, 9 Oct 2012 | 3:25 PM ET

    WASHINGTON-- Top Republican lawmakers have called on Veterans Affairs Secretary Eric Shinseki to fire his chief of staff for approving two training conferences that led to $762,000 in questionable spending.

  • Wade announces shoe deal with Li-Ning Tuesday, 9 Oct 2012 | 3:25 PM ET

    MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.

  • High gas, diesel prices hurt Calif. farm industry Tuesday, 9 Oct 2012 | 3:19 PM ET

    FRESNO, Calif.-- Farmers in California's agricultural heartland say record-high gas and diesel prices are putting pressure on their bottom lines, but economists say it's unlikely that will translate into significantly higher food prices across the U.S.

  • Oil price jumps above $92 a barrel Tuesday, 9 Oct 2012 | 3:18 PM ET

    The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea. On the New York Mercantile Exchange:. Benchmark crude rose $3.06 to finish at $92.39 per barrel.

  • Gold down after another report shows weaker growth Tuesday, 9 Oct 2012 | 3:11 PM ET

    NEW YORK-- The price of gold fell more than $10 an ounce Tuesday after the International Monetary Fund cut its forecast for world economic growth. Gold for December delivery fell $10.70 an ounce to close at $1,765. December silver fell 3.2 cents per ounce to $33.985, and January platinum lost $3.50 to close at $1,695.30 per ounce.

  • NJ moves to combat unemployment benefit fraud Tuesday, 9 Oct 2012 | 3:06 PM ET

    TRENTON, N.J.-- New Jersey state labor officials have taken another step to combat the theft of unemployment benefits. Officials say anti-fraud efforts over the last 18 months have saved New Jersey $153 million.

  • Alcoa, Aluminum Bahrain reach $85M settlement Tuesday, 9 Oct 2012 | 3:06 PM ET

    NEW YORK-- Alcoa has agreed to pay $85 million to settle allegations that the aluminum manufacturer and related companies paid millions in bribes that resulted in a Bahrain- controlled company overpaying for raw materials. Alcoa agreed to pay $85 million in cash to Aluminum Bahrain BSC, or Alba, without admitting liability.

  • Jury being picked in teen Craigslist killings case Tuesday, 9 Oct 2012 | 3:06 PM ET

    AKRON, Ohio-- Jury selection began Tuesday in the murder trial of a teenager who was befriended by a self-styled chaplain accused in a deadly scheme to lure victims with phony Craigslist job offers. He and his co-defendant, Richard Beasley, 53, of Akron, have pleaded not guilty.

  • Century Aluminum rejects W.Va. power proposal Tuesday, 9 Oct 2012 | 3:05 PM ET

    CHARLESTON, W.Va.-- Century Aluminum Co. is rejecting a proposal meant to aid the restart of its West Virginia smelter. The California- based metals producer announced Tuesday that the electricity rate offer from the state Public Service Commission falls short.