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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • ViSalus appoints Rich Riley to board Friday, 5 Oct 2012 | 4:08 PM ET

    TROY, Mich.-- ViSalus, Blyth Inc.' s weight loss, energy drink and nutritional supplement business, said Friday that it has named Yahoo executive Rich Riley to its board. ViSalus had meant to go public, but withdrew its initial public stock offering at the end of September, citing uncertain market conditions.

  • Commodities futures prices fall broadly Friday, 5 Oct 2012 | 4:04 PM ET

    Gold for December delivery gave up $15.70 to $1,780.80 an ounce. Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound. Jack Scoville, vice president Price Futures Group, said he was seeing widespread selling from speculative investors, but relatively little from producers.

  • National Bank of Greece calls for Eurobank merger Friday, 5 Oct 2012 | 4:01 PM ET

    ATHENS, Greece-- National Bank of Greece, the debt-crippled country's biggest lender by assets, on Friday announced a public offer to merge with its largest domestic competitor, Eurobank.

  • Ark. property owners sue over drilling waste wells Friday, 5 Oct 2012 | 3:59 PM ET

    LITTLE ROCK, Ark.-- A group of residents in Independence and Faulkner counties are suing three natural gas drilling companies, claiming that waste fluids are improperly being pumped underneath land the companies don't own or lease. Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August.

  • News Summary: US consumer credit jumps $18.1B Friday, 5 Oct 2012 | 3:58 PM ET

    CHARGING AHEAD: Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and in credit card debt. THE DETAILS: Total consumer borrowing increased $18.1 billion in August compared to July, the Federal Reserve reported Friday.

  • IADB providing $8B in credit lines Friday, 5 Oct 2012 | 3:53 PM ET

    WASHINGTON-- The Inter-American Development Bank is providing $8 billion in credit for Latin American and Caribbean countries for programs to aid the poor who are affected by outside financial events and for emergency needs in natural disasters.

  • News Summary: Honda vehicles investigated Friday, 5 Oct 2012 | 3:52 PM ET

    THE INVESTIGATION: Federal safety regulators are investigating Honda's Odyssey minivan and Pilot SUV because they can roll away unexpectedly. The agency will decide if the vehicles should be recalled.

  • Stocks mixed after US unemployment rate drops Friday, 5 Oct 2012 | 3:51 PM ET

    A big drop in the unemployment rate wasn't enough for investors Friday. The Labor Department said the unemployment rate had declined to 7.8 percent, its first dip below 8 percent in nearly four years. The drop to 7.8 percent in the unemployment rate "really is not a big game-changer," said Peter Cardillo, chief market economist at Rockwell Global Capital. "

  • Property owners sue over gas drilling waste wells Friday, 5 Oct 2012 | 3:48 PM ET

    Houston- based Southwestern Energy Co. was the only company named in the original version of the suit, which was filed in August. Southwestern Energy filed a motion to dismiss the original suit, arguing the plaintiffs didn't show they had a claim.

  • Audit: Violations abound at Ohio private prison Friday, 5 Oct 2012 | 3:48 PM ET

    Nashville, Tenn.- based Corrections Corporation of America has been firmly rebuked by Ohio officials for conditions identified at Lake Erie Correctional Facility, along the shores of Lake Erie. The September management review was released to The Associated Press on Friday.

  • News Summary: BOJ holds interest rates unchanged Friday, 5 Oct 2012 | 3:45 PM ET

    NO CHANGES: Japan's central bank held the line on its key interest rate and its asset purchasing program at a policy meeting Friday, resisting government pressure for further easing. He and other government officials have voiced frustration over the failure of policies to end Japan's protracted bout of deflation which are a drag on economic growth.

  • Recalls this week: denim shorts, LED TV's Friday, 5 Oct 2012 | 3:43 PM ET

    A line of girls' denim shorts with studs that can become a choking hazard to young children are among this week's recalled consumer products. DETAILS: Pink Angel embroidered girls' denim shorts sold at Buy Buy Baby from January 2012 through July 2012.

  • *Report: Obama campaign outpacing Romney's in ads Friday, 5 Oct 2012 | 3:36 PM ET
  • Mexico announces big Gulf deep water oil find Friday, 5 Oct 2012 | 3:29 PM ET

    MEXICO CITY-- Mexico's state-owned oil company reports it has found possible reserves of as much as 125 million barrels of oil at a deep-water well in the Gulf of Mexico. It notes that if proven, that would double Mexico's current proven reserves. President Felipe Calderon announced the discovery Friday.

  • Calif. refinery back online amid soaring prices Friday, 5 Oct 2012 | 3:24 PM ET

    LOS ANGELES-- Californians woke up to a shock Friday as overnight gasoline prices jumped by as much as 20 cents a gallon in some areas, ending a week of soaring costs that saw some stations close and others charge record prices. In Southern California, the price jumped 20 cents a gallon overnight to $4.53 in Ventura.

  • American says it has fixed seats on 42 planes Friday, 5 Oct 2012 | 3:24 PM ET

    DALLAS-- American Airlines says it has repaired 42 of 48 planes that were pulled aside and inspected because the seats could come loose. "We sincerely apologize to our customers for any inconvenience this may cause with their travel plans," said spokeswoman Andrea Huguely.

  • Sector Snap: Dollar Stores Friday, 5 Oct 2012 | 3:22 PM ET

    He named Family Dollar Stores Inc. as his top pick among the group, rating it at "Outperform" with an $81 price target. The analyst also rated Dollar Tree Inc. at "Outperform" with a $55 target price. In afternoon trading, Family Dollar shares added 42 cents to $69.07; Dollar Tree shares rose $1.33, or 2.8 percent, to $48.18 and Dollar General shares fell 27 cents to $51.80.

  • Walker says latest national jobs report good news Friday, 5 Oct 2012 | 3:21 PM ET

    Scott Walker praised the latest national jobs figures showing a drop in the unemployment rate to its lowest level since President Barack Obama took office, but he refused to credit Obama's policies for the improvement.

  • Cyprus seeks bailout deal by month's end Friday, 5 Oct 2012 | 3:20 PM ET

    NICOSIA, Cyprus-- Cyprus' government spokesman says the country is looking to clinch a bailout deal with potential creditors in the coming weeks so that the agreement can get the backing of the other 16 countries that use the euro when their finance ministers meet next month.

  • Neutral Tandem shares drop after downgrade Friday, 5 Oct 2012 | 3:18 PM ET

    NEW YORK-- Shares of data services company Neutral Tandem Inc. dropped sharply to a new low Friday as R.W. Baird analysts downgraded the company's rating, saying its financial performance has weakened more than expected.