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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Job market steadying under Obama but remains weak Thursday, 4 Oct 2012 | 5:17 PM ET

    WASHINGTON-- The September jobs report that arrives Friday, a month before the presidential election, will likely sketch a dual picture: The job market continues to heal. No incumbent since Franklin Roosevelt has faced re-election with unemployment so high.

  • News Summary: Vanguard swaps fund benchmarks Thursday, 4 Oct 2012 | 5:13 PM ET

    INDEX SWITCH: Vanguard has negotiated lower cost index-licensing deals that will result in 22 of its index mutual funds tracking new market benchmarks. Those funds will switch from their current MSCI indexes to benchmarks from the University of Chicago's Center for Research in Security Prices and FTSE.

  • List of Vanguard index funds switching benchmarks Thursday, 4 Oct 2012 | 5:12 PM ET
  • Vanguard move highlights little-known index costs Thursday, 4 Oct 2012 | 5:11 PM ET

    BOSTON-- Index mutual fund investors are a cost-conscious bunch. Rather than seek out managers with a good shot at beating the market, they parse tiny differences in fund expenses. Companies such as S&P Dow Jones Indices and MSCI have created well-known market indexes.

  • Sunoco shareholders approve acquisition Thursday, 4 Oct 2012 | 5:11 PM ET

    DALLAS-- Sunoco Inc.' s shareholders on Thursday approved Energy Transfer Partners L.P. plans to buy the company for $5.3 billion, creating one of the more diverse pipeline companies in the country.

  • Euro rises after comments from ECB head Thursday, 4 Oct 2012 | 4:59 PM ET

    NEW YORK-- The euro rose against the dollar Thursday after European Central Bank President Mario Draghi said that Spain is making progress toward getting its finances under control. Spain is widely expected to request financial aid, but its government has been reluctant to do so.

  • How the major stock indexes fared on Thursday Thursday, 4 Oct 2012 | 4:52 PM ET

    An encouraging report on the labor market and better sales from Costco and other retail stores helped push the stock market higher Thursday. The S&P 500 index rose 10.41, or 0.7 percent, to 1,461.40. The S&P 500 is up 20.73, or 1.4 percent.

  • Red Bulls' Cahill is 4th-highest-paid MLS player Thursday, 4 Oct 2012 | 4:52 PM ET

    He joined Thierry Henry and Rafa Marquez on the high-spending Red Bulls, who replaced general manager Erik Soler with Jerome de Bontin on Tuesday.

  • Feds clear way for NM transmission project Thursday, 4 Oct 2012 | 4:50 PM ET

    ALBUQUERQUE, N.M.-- A proposed $350 million transmission project is one step closer to opening northeastern New Mexico to more solar and wind energy development thanks to a decision by federal regulators.

  • Recommendations for Conn. ports released Thursday, 4 Oct 2012 | 4:50 PM ET

    HARTFORD, Conn.-- A new report is recommending ways to stop the rapid decline of Connecticut's deep water ports in Bridgeport, New Haven and New London. The report commissioned by the Department of Transportation recommends retaining and expanding liquid and dry storage facilities, shipyards, ship repair companies and ferry services.

  • News Summary: Facebook now home to 1 billion users Thursday, 4 Oct 2012 | 4:49 PM ET

    ONE BILLION: More than a billion people now log into Facebook each month, up from 500 million in July 2010. ODD VIDEO: Facebook also released a video that, somewhat abstractedly, seeks to illustrate its ubiquity and utility in connecting people. It starts off with an empty red chair suspended over a forest and later proclaims that "chairs are like Facebook."

  • WA Supreme Court says pollution tax constitutional Thursday, 4 Oct 2012 | 4:48 PM ET

    OLYMPIA, Wash.-- Washington state's Supreme Court unanimously ruled Thursday that the state's hazardous substances tax is constitutional.

  • SpaceX encore: 2nd private space station shipment Thursday, 4 Oct 2012 | 4:47 PM ET

    CAPE CANAVERAL, Fla.-- A private company is headed back to the International Space Station. Forecasters said Thursday there's a 60 percent chance of favorable conditions for the 8:35 p.m. launch from Cape Canaveral. This is the California company's first official launch under a $1.6 billion contract with NASA.

  • Legal fight waged for right to Bill Monroe's name Thursday, 4 Oct 2012 | 4:46 PM ET

    Campbell "Doc" Mercer is throwing an annual festival celebrating the life and music of Bill Monroe but without the name of the "Father of Bluegrass Music" to promote it.

  • Okla., Colo. govs. report on 22-state CNG plan Thursday, 4 Oct 2012 | 4:45 PM ET

    OKLAHOMA CITY-- The governors of Oklahoma and Colorado say their effort to encourage manufacturers to produce compressed natural gas vehicles is gaining momentum. Mary Fallin and Colorado Gov. Fallin says dealerships representing Ford, Chrysler, General Motors and Honda have submitted more than 100 bids.

  • Farmers, shipyard workers protest in Greece Thursday, 4 Oct 2012 | 4:44 PM ET

    ATHENS, Greece-- Greek police clashed with shipyard workers protesting pay arrears Thursday after they broke into the Defense Ministry grounds, while hundreds of farmers on tractors tried to invade the country's second-busiest airport on Crete during an anti-austerity protest.

  • Fed open to linking rate hike to economic gauge Thursday, 4 Oct 2012 | 4:43 PM ET

    WASHINGTON-- The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. Most members agreed at the Sept. 12-13 meeting that linking a future rate increase to a level of unemployment or some other numeric target could be useful.

  • Calif gas prices spike 8 cents a gallon overnight Thursday, 4 Oct 2012 | 4:43 PM ET

    SAN FRANCISCO-- Landscaping business owner Sebastian Figueredo stood Thursday at a Union 76 gas station near the San Francisco-Oakland Bay Bridge, holding his phone up high so he could get a photo of the price sign.

  • Florida Supreme Court hears tuition dispute Thursday, 4 Oct 2012 | 4:41 PM ET

    TALLAHASSEE, Fla.-- Florida Supreme Court justices had some sharp questions Thursday for both sides on whether the Legislature has the power to set state university tuition and fees rather than a board created to oversee the schools. Two lower courts have ruled that power lies with the Legislature.

  • News Summary: Google, publishers settle book suit Thursday, 4 Oct 2012 | 4:41 PM ET

    THE END: Google and a group of major book publishers have settle a legal tussle over digital copyrights after seven years. Both sides in the dispute indicated that publishers will have more control over the digital copies of the books that Google Inc. has been making for the past eight years.