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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • Ahead of the Bell: Riverbed Technology Friday, 19 Oct 2012 | 9:27 AM ET

    NEW YORK-- Shares of Riverbed Technology climbed more than 10 percent in premarket trading on Friday as the networking company's third-quarter results topped Wall Street's view. For the fourth quarter, Riverbed Technology foresees adjusted earnings of about 29 cents per share on revenue in a range of $230 million to $236 million.

  • Ingersoll-Rand 3Q net income soars Friday, 19 Oct 2012 | 9:26 AM ET

    NEW YORK-- Ingersoll-Rand PLC said Friday its third-quarter net income more than tripled, helped by easy comparisons to a prior-year quarter hurt by charges related to the sale of a business.

  • Ahead of the Bell: SanDisk up in premarket trading Friday, 19 Oct 2012 | 9:26 AM ET

    NEW YORK-- Shares of SanDisk Corp. advanced in premarket trading Friday after the maker of flash-memory chips posted stronger-than-expected results for the third quarter. SanDisk's earnings and revenue declined due to lower demand for its memory chips from gadget makers.

  • Man in court on Hines Ward extortion charges Friday, 19 Oct 2012 | 9:25 AM ET

    PITTSBURGH-- A man who claims his girlfriend once had a "physical relationship" with retired Pittsburgh Steelers wide receiver Hines Ward was in custody Friday on charges he tried to extort $15,000 from the player by threatening to release evidence the player had paid for sex.

  • ISIS shares up after positive FDA panel review Friday, 19 Oct 2012 | 9:24 AM ET

    The FDA is not required to follow the committee's advice, though it often does. In its review posted ahead of the meeting, the FDA said Kynamro was linked to both benign and cancerous tumors. Jefferies analyst Eun Yang expects "very limited use of Kynamro if approved," due to the safety concerns brought up at the FDA meeting.

  • Schlumberger profit up on international strength Friday, 19 Oct 2012 | 9:24 AM ET

    HOUSTON-- Schlumberger's exposure to global markets separated it from the pack as the world's biggest oilfield service company posted a 10 percent jump in net income during the third quarter.

  • UK court: Dead soldiers' families can sue gov't Friday, 19 Oct 2012 | 9:23 AM ET

    LONDON-- The families of several British soldiers who were killed in Iraq can sue their government for negligence, a court ruled Friday. The High Court backed the families last year, but the Ministry of Defense appealed. On Friday the Court of Appeal agreed with the previous ruling that the families can sue the government for damages on negligence grounds.

  • Ahead of the Bell: Marvell Tech falls on outlook Friday, 19 Oct 2012 | 9:22 AM ET

    NEW YORK-- Marvell Technology Group Ltd.' s stock tumbled nearly 10 percent in premarket trading Friday after the computer chip maker cut its fiscal third-quarter revenue forecast, citing weakness in the personal computer market, and said its chief financial officer resigned.

  • Spanish unions call general strike for Nov 14 Friday, 19 Oct 2012 | 9:20 AM ET

    MADRID-- Spain's main trade unions on Friday called a general strike for Nov. 14, coinciding with similar demonstrations in Portugal and Greece, to protest government-imposed austerity measures and labor reforms. The Workers' Commissions and General Workers' unions called the general strike _ the second to be held in Spain this year.

  • Envoy says China seeks better ties with Manila Friday, 19 Oct 2012 | 9:19 AM ET

    MANILA, Philippines-- A senior official said Friday China wants to improve relations with the Philippines following a strain in relations over a territorial dispute in the South China Sea.

  • *Honeywell 3Q profit rises 10 percent Friday, 19 Oct 2012 | 9:19 AM ET
  • Ahead of the Bell: Google inches up after shocker Friday, 19 Oct 2012 | 9:16 AM ET

    NEW YORK-- Shares of Google Inc. perked up in premarket trading Friday as analysts soothed investors shocked by an earnings report that dropped prematurely on Thursday. Google was supposed to release its report after the market closed Thursday, but they leaked prematurely, setting off the stock plunge.

  • China's navy drills amid isles dispute with Japan Friday, 19 Oct 2012 | 9:16 AM ET

    BEIJING-- China flexed some maritime muscle Friday in its dispute with Japan over a chain of uninhabited islands, holding naval exercises in the East China Sea to demonstrate its ability to enforce offshore territorial claims. Tokyo angered Beijing last month by nationalizing some of the islands, in a move that sparked violent protests in China.

  • Japan group gives $3M aid to Myanmar minorities Friday, 19 Oct 2012 | 9:15 AM ET

    TOKYO-- A philanthropic organization working with the Japanese government will give $3 million in humanitarian aid to Myanmar's armed ethnic minorities, saying it's the first such aid approved by Myanmar's government.

  • Skywalk case goes before federal appellate court Friday, 19 Oct 2012 | 9:15 AM ET

    SAN FRANCISCO-- A Las Vegas developer has been bounced between tribal and federal court in an effort to protect his financial interest in the Grand Canyon Skywalk, a popular glass bridge that extends from the canyon's edge on tribal land in western Arizona.

  • Feds investigate Jeep Patriot stalling problem Friday, 19 Oct 2012 | 9:14 AM ET

    DETROIT-- Federal safety regulators are investigating complaints that Jeep Patriot SUV engines can stall without warning at highway speeds. The probe by the National Highway Traffic Safety Administration affects about 112,000 Patriots from the 2011 and 2012 model years. The U.S. safety agency says it received a dozen complaints about stalling.

  • Oil slightly higher after Canada-US pipeline shut Friday, 19 Oct 2012 | 9:14 AM ET

    By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.

  • *Glasgow Airport flights resume after evacuation Friday, 19 Oct 2012 | 9:14 AM ET
  • Retired deputy has 2nd career probing dog attacks Friday, 19 Oct 2012 | 9:12 AM ET

    JACKSONVILLE, Fla.-- Two Rottweilers killed an 83- year-old man in Alabama. A two-day old infant was mauled to death in Pennsylvania. A two-year-old girl died after she was bitten by a pit bull in West Virginia.

  • If elected, Romney wants a say in 'fiscal cliff' Friday, 19 Oct 2012 | 9:11 AM ET

    WASHINGTON-- Mitt Romney's transition team is quietly talking with government officials and Capitol Hill to develop a plan, if he's elected, to prevent massive cuts to the defense budget and extend tax cuts first passed under President George W. Bush. The economic policy planning is a major element of what's dubbed " The Readiness Project" inside the campaign.