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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Obama takes a second crack at Romney tax plan Friday, 5 Oct 2012 | 11:25 AM ET

    AIRING: This ad by the Obama campaign is airing in the closely contested states of Colorado, Florida, Iowa, New Hampshire, Nevada, Ohio and Virginia. SCRIPT: Republican nominee Mitt Romney said in the first presidential debate that he's "not in favor of a $5 trillion tax cut. It cuts to an image of NBC News reporter Andrea Mitchell citing the Tax Policy Center report.

  • Row crop harvest speeding along in the Dakotas Friday, 5 Oct 2012 | 11:24 AM ET

    "We should be finishing harvest in record time," South Dakota State University agronomy specialist Mark Rosenberg told the American News. "

  • Africa's oldest park threatened by rebels, now oil Friday, 5 Oct 2012 | 11:24 AM ET

    VIRUNGA NATIONAL PARK, Congo-- Just a few weeks ago, rangers and militiamen were engaging in gunfights in Africa's oldest national park. Cannons boomed as Congolese army troops shelled rebels.

  • *Delta flight makes emergency landing in Toronto Friday, 5 Oct 2012 | 11:23 AM ET
  • Chris Noth's on board 'Titanic' cable miniseries Friday, 5 Oct 2012 | 11:22 AM ET

    NEW YORK-- The man widely known as "Big" gets even bigger: He's playing J.P. Morgan, one of history's towering business magnates. It was one of Morgan's businesses that funded the Titanic, and Chris Noth appears in a supporting role in "Titanic: Blood and Steel," an epic 12- part miniseries about the building of the great ship.

  • Wine investor waited too long to sue auction house Friday, 5 Oct 2012 | 11:22 AM ET

    NEW YORK-- A billionaire wine investor waited too long to file a lawsuit that claimed a New York auction house misrepresented a Bordeaux as belonging to Thomas Jefferson. A three-judge federal panel issued the ruling Thursday. It said William Koch missed the deadline when he filed the suit in 2005..

  • 22 specialty crops projects in Va. receive grants Friday, 5 Oct 2012 | 11:21 AM ET

    RICHMOND, Va.-- Twenty-two projects that will promote Virginia's specialty crops have received federal funding. The Department of Agriculture and Consumer Services says the $496,000 in grant money is for crops ranging from wine grapes to Christmas trees. The individual grants range from $5,000 to $30,000.

  • 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.