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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Stocks gain after US unemployment rate drops Friday, 5 Oct 2012 | 11:18 AM ET

    Eight of the 10 industry groups in the S&P 500 rose, led by a 1.1 percent gain for materials stocks. "We're in rally mode, so slightly positive numbers will do nothing to hinder that," said Ralph Fogel, investment strategist and partner at Fogel Neale Partners in New York. The Labor Department also said employers added 114,000 jobs to their payrolls last month.

  • $3.3M project launched at Buffalo's outer harbor Friday, 5 Oct 2012 | 11:18 AM ET

    BUFFALO, N.Y.-- The Cuomo administration has announced a $3.3 million project that will enhance public access to a stretch of Buffalo, N.Y.' s Lake Erie shoreline.

  • Hundreds of new jobs to be announced in Denver Friday, 5 Oct 2012 | 11:16 AM ET

    DENVER-- Colorado's governor is hinting that he'll announce hundreds of new jobs in an economic development announcement Friday. John Hickenlooper planned a Denver event for the announcement.

  • *Key revenue measure falls at Southwest Airlines Friday, 5 Oct 2012 | 11:15 AM ET
  • NH Electric Co-op workers to vote on contract Friday, 5 Oct 2012 | 11:14 AM ET

    PLYMOUTH, N.H.-- A utility that provides electricity to 83,000 customers in 115 New Hampshire communities is bracing for a possible strike by the union representing lineworkers and other jobs. The New Hampshire Electric Cooperative and the International Brotherhood of Electrical Workers local have been bargaining since April.

  • New Jerseyans to pay less for natural gas Friday, 5 Oct 2012 | 11:13 AM ET

    The BPU says the typical Public Service Electric and Gas customer will save $38 a year. The savings for Elizabethtown Gas customers will be $26. New Jersey Natural Gas customers can expect a nearly $15 savings and rates for South Jersey Gas customers will be nearly $7 lower.

  • At least 6 killed in clash at Guatemala protest Friday, 5 Oct 2012 | 11:12 AM ET

    GUATEMALA CITY-- At least six people were killed and 30 were shot in a clash between security forces and protesters opposed to high energy prices in Guatemala. "Thirty people arrived to the hospital with shot wounds and another four were intoxicated with tear gas," said Deputy Health Minister Marco Vinicio Arevalo.

  • Atlanta transit system selects new leader Friday, 5 Oct 2012 | 11:12 AM ET

    ATLANTA-- Atlanta's public transit system has named a Texas transportation official as its new chief executive officer and general manager. Before that, he was the CEO of the Charlotte Area Transit System in North Carolina. Parker was selected after a nationwide search for a new CEO and general manager of the Metropolitan Atlanta Rapid Transit Authority.

  • Grains futures mixed, livestock prices rise Friday, 5 Oct 2012 | 11:10 AM ET

    CHICAGO-- Grain prices traded mixed Friday in early trading on the Chicago Board of Trade. Wheat for December delivery fell 1.75 cent to $8.6750 a bushel; December corn fell 7 cents to $7.50 a bushel; December oats were unchanged at $3.7075 a bushel; while November soybeans rose 4.50 cents to $15.56 a bushel.

  • Cell Therapeutics selling $60M in preferred stock Friday, 5 Oct 2012 | 11:02 AM ET

    SEATTLE-- Cell Therapeutics Inc. said Friday it plans to sell $60 million in preferred stock to raise money for the launch of its lymphoma drug Pixuvri and to fund studies of its drug pacritinib as a treatment for myelofibrosis. Cell Therapeutics said that it will sell preferred stock for $1,000 per share.

  • *Prague international airport bears Havel's name Friday, 5 Oct 2012 | 10:56 AM ET
  • Fleetmatics surges in debut on NYSE Friday, 5 Oct 2012 | 10:56 AM ET

    NEW YORK-- Shares of Fleetmatics jumped in their first day of trading on the New York Stock Exchange. The IPO priced at the high end of the $15 to $17 range Fleetmatics previously projected.

  • PriceSmart says key revenue figure rose 10 percent Friday, 5 Oct 2012 | 10:55 AM ET

    SAN DIEGO-- PriceSmart Inc. said Monday that a key revenue measurement grew 10 percent in September. The company has five warehouse clubs in Costa Rica, four in Panama, four in Trinidad, and others in Guatemala, the Dominican Republic, El Salvador, Honduras, Aruba, Barbados, Colombia, Jamaica, Nicaragua, and the U.S. Virgin Islands.

  • France looks to upend school year traditions Friday, 5 Oct 2012 | 10:55 AM ET

    PARIS-- French children go to school four days a week. They have about two hours each day for lunch. For France, it's something of a revolutionary idea that would overturn more than a century of school tradition.

  • Fatal parasail accidents renew calls for rules Friday, 5 Oct 2012 | 10:54 AM ET

    The Parasail Safety Council, which tracks injuries and deaths nationwide, reports more than 70 people have been killed and at least 1,600 injured between 1982 and 2012, out of an estimated 150 million parasail rides during those 30 years.

  • Platinum producer fires striking SAfrican miners Friday, 5 Oct 2012 | 10:50 AM ET

    JOHANNESBURG-- Anglo American Platinum fired 12,000 striking miners Friday for staging an unlawful strike that is one of several that are slowly paralyzing South Africa's crucial mining sector.

  • Canadian economy adds 52,100 jobs in September Friday, 5 Oct 2012 | 10:50 AM ET

    TORONTO-- Canada's economy turned in one of the strongest job creation months of the year in September, adding an eye-popping 52,100 new jobs, Statistics Canada said Friday.

  • Joplin business gets $351,000 low-interest loan Friday, 5 Oct 2012 | 10:44 AM ET

    JOPLIN, Mo.-- A southwestern Missouri architectural firm has received a $351,000 low-interest loan to help with an expansion. The Joplin firm expects to save about $26,000 over five years. The Missouri treasurer's office says the loan comes through the state's linked deposit program.

  • Energy Transfer Partners closes deal for Sunoco Friday, 5 Oct 2012 | 10:43 AM ET

    DALLAS-- Energy Transfer Partners LP said Friday that it completed its acquisition of Sunoco Inc. for about $5.5 billion, creating one of the more diverse pipeline companies in the country.

  • Conn. governor to unveil his new energy policy Friday, 5 Oct 2012 | 10:41 AM ET

    Dannel P. Malloy is unveiling his new energy strategy for Connecticut. Malloy is scheduled to be the keynote speaker at the Connecticut Business and Industry Association's 2012 Business Energy Conference on Friday.