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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • News Summary: Stocks rise after jobs report Thursday, 4 Oct 2012 | 4:33 PM ET

    BETTER, BUT: The stock market got a lift from the government's report that 367,000 Americans sought unemployment benefits for the first time last week. RETAIL SALES: Costco and other retail chains reported September sales that came in ahead of Wall Street's estimates. Costco, Dollar General and other retail stocks gained.

  • Euro rises after comments from ECB chief Thursday, 4 Oct 2012 | 4:31 PM ET

    NEW YORK-- The euro is rising against the dollar after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. The euro rose to $1.3018 in late trading from $1.2899 late Wednesday. The British pound rose to $1.6185 from $1.6072.

  • Cracker Barrel furthers proxy fight Thursday, 4 Oct 2012 | 4:27 PM ET

    LEBANON, Tenn.-- Cracker Barrel Old Country Store Inc. on Thursday urged its shareholders to vote against the election of two activist shareholders to its board. His firm, Biglari Holdings Inc., owns the Steak `n Shake and Western Sizzlin restaurant chains.

  • News Summary: Drought crushes Hawaii beef industry Thursday, 4 Oct 2012 | 4:16 PM ET

    ALOHA BEEF: Nearly all the beef consumed in Hawaii arrives from the mainland, while Hawaiian cattle ranchers ship 40,000 live cattle each year to the mainland.

  • Summary Box: Sept. sales slow from Aug. Thursday, 4 Oct 2012 | 4:10 PM ET

    NEW YORK-- SEPTEMBER SALES: A tally of 22 major retailers, including Target Corp. and Macy's Inc., showed that September sales rose 3.9 percent compared with a year ago. That's slower than the 6 percent rise in August. BEHIND THE NUMBERS: But shoppers are still spending.

  • California gasoline price jumps 8 cents overnight Thursday, 4 Oct 2012 | 3:55 PM ET

    SAN FRANCISCO-- The cost of gasoline in California jumped 8 cents overnight and is poised to soar to the highest point this year in what analysts say is a supply problem fueled by refinery and pipeline outages.

  • Sears' holiday hiring to be flat from last year Thursday, 4 Oct 2012 | 3:52 PM ET

    NEW YORK-- Sears Holdings Corp. said that its hiring of seasonal workers for the crucial winter holidays will be unchanged from a year ago.

  • News Summary: Gold hits 9-month high on ECB moves Thursday, 4 Oct 2012 | 3:50 PM ET

    GOLDEN MOVE: The price of gold hit a nine-month high after the head of Europe's central bank suggested that its bond-buying plan could benefit Spain. The bank also left its key interest rate for countries that use the euro at 0.75 percent to try to promote growth. DOLLAR'S IMPACT: Most commodities finished higher, in part because of a weaker dollar.

  • Brazil wants safer and more fuel-efficient cars Thursday, 4 Oct 2012 | 3:49 PM ET

    BRASILIA, Brazil-- Brazil says it will grant tax breaks to companies that produce safer and more fuel-efficient cars. Next year, all cars made in Brazil must have air bags and ABS brakes. Brazil is the world's seventh-largest motor vehicle producer.

  • News Summary: Spain nudged to take up bond plan Thursday, 4 Oct 2012 | 3:45 PM ET

    SUBTLE HINT: European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."

  • *First Boeing 787 made in SC being set for delivery Thursday, 4 Oct 2012 | 3:43 PM ET
  • Gold price surges to 9-month high on ECB moves Thursday, 4 Oct 2012 | 3:40 PM ET

    The price of gold is at a nine-month high after the head of the European Central Bank suggested that its bond-buying program could benefit Spain. Gold for December delivery rose $16.70 Thursday to finish at $1,796.50 per ounce, the highest level since late February.

  • Drought conditions ease slightly in Oklahoma Thursday, 4 Oct 2012 | 3:39 PM ET

    OKLAHOMA CITY-- Rain that fell across much of Oklahoma last weekend helped to slightly reduce the severity of exceptional drought in the state. Drought Monitor report released Thursday shows 28 percent of the state in exceptional drought _ the worst category.

  • Rains slightly reduce drought severity in Arkansas Thursday, 4 Oct 2012 | 3:39 PM ET

    LITTLE ROCK, Ark.-- Recent rain that fell across parts of Arkansas last weekend helped to slightly reduce the severity of drought in the state. Drought Monitor report released Thursday just less than 9 percent of the state in exceptional drought _ the worst category.

  • Informatica plunges to 2-year low on 3Q outlook Thursday, 4 Oct 2012 | 3:33 PM ET

    NEW YORK-- Shares of Informatica Corp. tumbled Thursday after the business software maker forecast weak results in the third quarter, pointing to its struggling business in Europe. Informatica said it expects adjusted net income of 25 to 27 cents per share and $189 million to $191 million in revenue in the third quarter.

  • ESPN says no plans to add Valentine Thursday, 4 Oct 2012 | 3:33 PM ET

    BRISTOL, Conn.-- Bobby Valentine's next move after being fired as Boston Red Sox manager? Spokesman Josh Krulewitz said Thursday that the network is was happy with its current crew of baseball analysts. ESPN is a unit of The Walt Disney Co..

  • CollabRx teaming up with Life Technologies Thursday, 4 Oct 2012 | 3:32 PM ET

    SAN FRANCISCO-- CollabRx, which develops technology that is used in genetic-based medicine, is teaming up with Life Technologies Corp. in a molecular diagnostics collaboration focused on cancer patients.

  • *Ann Romney to guest-host 'Good Morning America' Thursday, 4 Oct 2012 | 3:30 PM ET
  • Environmental groups file complaint over coal ash Thursday, 4 Oct 2012 | 3:23 PM ET

    CHICAGO-- Several environmental groups want the Illinois Pollution Control Board to order Midwest Generation to clean up groundwater pollution that allegedly leached from coal-ash ponds at four of the company's power plants.

  • *Biden: Romney changed his position on tax cut Thursday, 4 Oct 2012 | 3:17 PM ET