CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Italian justice minister says corruption growing Sunday, 14 Oct 2012 | 9:31 AM ET

    ROME-- Italy's justice minister is warning that rampant corruption by politicians' pilfering public funds is reaching unprecedented levels, just as the government is demanding sacrifices from its citizens to keep the country from succumbing to the European debt crisis.

  • Report claims Swiss bank UBS to cut 2,000 jobs Sunday, 14 Oct 2012 | 8:24 AM ET

    BERLIN-- A Swiss newspaper is reporting that UBS, the country's largest bank, is set to cut some 2,000 jobs in its IT-department as part of a major cost-cutting drive.

  • Expect small '13 Social Security benefit increase Sunday, 14 Oct 2012 | 7:57 AM ET

    WASHINGTON-- Social Security recipients shouldn't expect a big increase in monthly benefits come January. This year, Social Security recipients received a 3.6 percent increase in benefits after getting no increase the previous two years.

  • Expect tiny '13 Social Security benefit increase Sunday, 14 Oct 2012 | 7:55 AM ET

    WASHINGTON-- Social Security recipients shouldn't expect a big increase in monthly benefits come January. Monthly benefits for retired workers average $1,237, meaning the typical retiree can expect a raise of between $12 and $24 a month. This year, Social Security recipients got 3.6 percent increase in benefits.

  • Smoke forces plane evacuation in Turkey Sunday, 14 Oct 2012 | 7:49 AM ET

    ANKARA, Turkey-- Passengers, some in a panic, were evacuated from a plane at Turkey's Antalya airport early Sunday after crew members reported smoke inside the cockpit, airline officials and state media said.

  • Report: Fire forces plane evacuation in Turkey Sunday, 14 Oct 2012 | 6:25 AM ET

    ANKARA, Turkey-- Turkey's state-run news agency says passengers, some in a panic, were evacuated from a plane at the Antalya airport after reports of a cockpit fire. The Anadolu Agency says the crew detected smoke on the Trondheim, Norway- bound plane as it readied for take-off early Sunday.

  • UK probes ex-brass who boasted of political access Sunday, 14 Oct 2012 | 6:14 AM ET

    LONDON-- Britain's defense ministry announced Sunday that it is investigating whether retired senior officers broke any rules after they were recorded by undercover journalists as appearing to offer to lobby the government on behalf of defense companies. Richard Dannatt and former defense procurement chief Lt.

  • NM company linked to illness expands peanut recall Sunday, 14 Oct 2012 | 2:03 AM ET

    WASHINGTON-- A New Mexico food company that produced the peanut butter linked to an outbreak of salmonella poisoning has expanded an ongoing recall of its products to include raw and roasted peanuts.

  • Opposition expected to gain in Lithuanian ballot Sunday, 14 Oct 2012 | 12:31 AM ET

    VILNIUS, Lithuania-- Voting precincts have opened in Lithuania, with opposition leftists and populists expected to vie for victory over the unpopular conservative government that took over four years ago as the Baltic country slid into a deep recession.

  • Bernanke: Fed policies to help emerging markets Sunday, 14 Oct 2012 | 12:21 AM ET

    Chairman Ben Bernanke is rejecting arguments that the Federal Reserve's bold moves to bolster U.S. job growth could have unwanted consequences in emerging market countries. Bernanke's speech in Tokyo was at a conference sponsored by the Bank of Japan and the International Monetary Fund.

  • China central bank says currency near equilibrium Saturday, 13 Oct 2012 | 11:47 PM ET

    TOKYO-- China's central bank governor says the Chinese currency has reached its equilibrium rate and its value is mainly determined by the market, rather than intervention.

  • Taping of NBC's 'Fashion Star' halted by picketers Saturday, 13 Oct 2012 | 11:42 PM ET

    LOS ANGELES-- Union picketing has brought a temporary halt to second-season production of the NBC reality show " Fashion Star." About 70 members of the International Alliance of Theatrical Stage Employees picketed the show Saturday at Hollywood Center Studios, prompting producers to cancel a taping and dismiss a studio audience.

  • Salmonella fear spurs firm to recall dog treats Saturday, 13 Oct 2012 | 6:04 PM ET

    TRENTON, N.J.-- A pet food company is voluntarily recalling dog treats that could be contaminated with salmonella.

  • Thousands march in Spain to protest austerity Saturday, 13 Oct 2012 | 2:44 PM ET

    MADRID-- Several thousand anti-austerity protesters in Spain marched down a major street in the capital banging pots and pans Saturday. With unemployment nearing 25 percent, Spain has introduced biting austerity measures as well as financial and labor reforms in a desperate bid to lower its deficit and assuage investors' misgivings.

  • Romney faults Obama over inaction on China trade Saturday, 13 Oct 2012 | 2:27 PM ET

    PORTSMOUTH, Ohio-- Mitt Romney is attacking the Obama administration for delaying a decision about whether China is manipulating its currency to gain a trading edge. The GOP presidential nominee says that on his first day in office, he'll brand China a "currency manipulator" and work to end what he calls Beijing's cheating practices on trade.

  • Va. escapes worst of recession but new fears ahead Saturday, 13 Oct 2012 | 1:07 PM ET

    While Virginia escaped the worst of the recession _ unemployment peaked at 7.3 percent _ uneasiness about the future is in the air. For good reason: The state's fortunes are tied to the outcome of the deficit debate on Capitol Hill and its outcome could dramatically alter its economy. Virginia is home to the Pentagon, the CIA, Naval Station Norfolk, Fort A.P.

  • Mass. pharmacy founder had background in recycling Saturday, 13 Oct 2012 | 11:57 AM ET

    NECC was founded in 1998 by Barry Cadden and Gregory Conigliaro as a compounding pharmacy, a laboratory that custom-mixes solution, creams and other medicines in dosages and forms that often are unavailable from pharmaceutical companies.

  • Occupy London marks anniversary of St Paul's camp Saturday, 13 Oct 2012 | 11:31 AM ET

    LONDON-- Supporters of Occupy have gathered outside St. Paul's Cathedral to mark the first anniversary of the anti-corporate movement's now-dismantled protest camp.

  • Merkel sees progress in Greece's reform efforts Saturday, 13 Oct 2012 | 8:41 AM ET

    BERLIN-- Germany's chancellor says she thinks debt-laden Greece is making progress in implementing reforms and austerity measures "step by step." Angela Merkel said in her weekly video podcast published Saturday that Greece's progress is slower than hoped "but on this matter we should always give Greece another chance."

  • Obama trumpets rebound of US auto industry Saturday, 13 Oct 2012 | 6:06 AM ET

    WASHINGTON-- President Barack Obama is hailing the rebound of the U.S. auto industry, pointing to progress since his administration rescued General Motors and Chrysler. Automakers are large employers in Ohio, one of the pivotal states in the race between Obama and Republican Mitt Romney.