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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • US futures heading lower on dour forecast for Asia Monday, 8 Oct 2012 | 8:30 AM ET

    NEW YORK-- U.S. stock futures dipped Monday as economists grow increasingly pessimistic about the outlook for Asia, as well as expectations for a leaden performance from major U.S. corporations as the earnings season kicks off.

  • Ahead of the Bell: UPS Monday, 8 Oct 2012 | 8:29 AM ET

    NEW YORK-- Citi cut its earnings forecast for UPS, citing weakening speedy package volumes and rising fuel costs.

  • Egypt's new president gives himself high grades Monday, 8 Oct 2012 | 8:29 AM ET

    But the speech in many ways was also as much about style as it was about substance, and the 61- year-old Morsi, the first freely elected president in Egypt's history, used his address to project the image of an energetic leader in touch with the needs of the people.

  • Moscow rally held to remember reporter's murder Monday, 8 Oct 2012 | 8:28 AM ET

    MOSCOW-- Around 200 people held a rally Sunday in Moscow to mark the sixth anniversary of the unsolved murder of crusading reporter Anna Politkovskaya. Participants held up candles and pictures of the journalist and spoke in remembrance of Politkovskaya, a sharp critic of Kremlin policies in Chechnya, who was shot inside her Moscow apartment building in 2006..

  • Rothko mural defaced at London's Tate Modern Monday, 8 Oct 2012 | 8:27 AM ET

    LONDON-- A vandal scrawled graffiti on a mural by modern American master Mark Rothko at London's Tate Modern on Sunday. According to an online manifesto, Yellowism is an artistic movement run by two people named Vladimir Umanets and Marcin Lodyga. In 2000, two Chinese performance artists attempted to urinate on Marcel Duchamp's urinal sculpture "Fountain."

  • *Federal investigators probe NJ bus accident Monday, 8 Oct 2012 | 8:24 AM ET
  • Chavez wins 6 more years in tightest race yet Monday, 8 Oct 2012 | 8:23 AM ET

    CARACAS, Venezuela-- President Hugo Chavez put to rest any doubts about his masterful political touch in winning a third consecutive six-year term after a bitterly fought race against a youthful rival who has galvanized Venezuela's opposition.

  • Wal-Mart, American Express team on prepaid card Monday, 8 Oct 2012 | 8:20 AM ET

    BENTONVILLE, Ark.-- Wal-Mart Stores and American Express are teaming up on a reloadable prepaid card for shoppers. Wal-Mart Stores Inc. and American Express Co. view the card as an alternative to debit and checking accounts that will help consumers better manage and control their finances. Wal-Mart, based in Bentonville, Ark., is the world's biggest retailer.

  • Oil falls in Europe as world growth outlook dims Monday, 8 Oct 2012 | 8:01 AM ET

    By early afternoon in Europe, benchmark crude for November delivery was down $1.31 to $88.57 a barrel in electronic trading on the New York Mercantile Exchange. The widening spread between the Nymex and Brent contracts, now above $22, was attributed to higher U.S. output and supply risks in Europe and the Middle East.

  • Affymetrix expects 3Q revenue below Street's view Monday, 8 Oct 2012 | 7:46 AM ET

    SANTA CLARA, Calif.-- Life science instrument company Affymetrix anticipates that its third-quarter revenue will come in below Wall Street's expectations, as its results were hurt by tighter academic funding conditions globally.

  • Ahead of the Bell: BlackRock Monday, 8 Oct 2012 | 7:35 AM ET

    NEW YORK-- An analyst raised his rating and price target for BlackRock on Monday, saying that there is a good buying opportunity for the investment manager's stock. William Katz of Citi Investment Research boosted BlackRock Inc. to "Buy" from "Neutral" and increased its price target to $220 from $190.

  • UnitedHealth plans intl growth with $4.9B deal Monday, 8 Oct 2012 | 7:23 AM ET

    UnitedHealth Group Inc. will spend about $4.9 billion in cash to buy a majority stake in Brazilian health benefits and hospital services provider, as the largest U.S. health insurer takes a big leap toward international growth.

  • *Barroso urges Cypus to reach austerity consensus Monday, 8 Oct 2012 | 7:08 AM ET
  • Calif. gov takes action as gas prices keep rising Monday, 8 Oct 2012 | 6:52 AM ET

    Jerry Brown is taking action in an effort to drive down the cost of gasoline as California drivers cope with record-breaking prices at the pump. Due to a temporary reduction in supply, California gas prices in recent days have surpassed those in Hawaii to become the highest in the nation.

  • Europe stocks down as global growth woes intensify Monday, 8 Oct 2012 | 6:46 AM ET

    PARIS-- Europe's stock markets fell Monday on concern about the global economy ahead of a two-day meeting of its finance ministers and a cut in the World Bank's growth forecasts for Asia. Investors continue to worry over protests in Spain and IMF concerns over Greece.

  • Abu Dhabi bank plans aggressive expansion in Asia Monday, 8 Oct 2012 | 6:41 AM ET

    KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.

  • Ahead of the Bell: Alzheimer's update in the works Monday, 8 Oct 2012 | 6:41 AM ET

    Scientists will give pharmaceutical investors long-awaited updates Monday on research behind potential Alzheimer's disease treatments from Eli Lilly and Co., Pfizer Inc. and Johnson& Johnson.

  • Barroso to Cypriots: Find bailout consensus Monday, 8 Oct 2012 | 6:25 AM ET

    NICOSIA, Cyprus-- EU Commission President Jose Manuel Barroso is urging political leaders in Cyprus to agree on austerity measures needed for a deal to bail out its ailing banks.

  • China art auctioneers face off with foreign rivals Monday, 8 Oct 2012 | 5:56 AM ET

    HONG KONG-- Chinese and international auction houses are encroaching on each other's territory in Hong Kong and Beijing for the first time this autumn sale season as they step up the battle for the Asian art market. China Guardian Auctions Co. held a small sale of Chinese ink paintings, calligraphy and furniture last weekend in Hong Kong.

  • UAE bank plans aggressive expansion in Asia Monday, 8 Oct 2012 | 5:49 AM ET

    KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.