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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Diamond says late annual report cited by Nasdaq Friday, 5 Oct 2012 | 8:06 PM ET

    SAN FRANCISCO-- Nasdaq has told Diamond Foods Inc. that its failure to file its latest annual report on time is another factor that could lead to the delisting of the snack maker's shares from the Nasdaq Stock Market. The payments _ an estimated $20 million in 2010 and $60 million in 2011 _ skewed Diamond's financial results.

  • Officials discuss ways to speed up border traffic Friday, 5 Oct 2012 | 7:52 PM ET

    GRAND FORKS, N.D.-- Efforts are under way to speed up trade and travel between Canada and the United States, a move that could help North Dakota sell even more goods to its northerly neighbor, officials said Friday during a conference about the border.

  • Short supplies keep gas prices rising in Calif. Friday, 5 Oct 2012 | 7:46 PM ET

    LOS ANGELES-- California gas prices continued surging Friday, adding another 17 cents per gallon on average, and the increases are expected to continue for at least several more days, ensuring long lines and short tempers at pumps around the state.

  • Rooftop solar installer SolarCity files for IPO Friday, 5 Oct 2012 | 6:54 PM ET

    SolarCity Corp., an installer of rooftop solar electric systems, on Friday filed initial paperwork for taking the company public in stock offering that could raise about $200 million. The company, based in San Mateo, Calif., will trade on the Nasdaq Global Market under the ticker symbol "SCTY."

  • News Summary: FDA fights online unapproved drugs Friday, 5 Oct 2012 | 6:10 PM ET

    BAD MEDICINE: The Food and Drug Administration has ordered operators of about 4,100 websites to immediately stop selling unapproved medications to U.S. consumers. FDA SHOT: Three companies that operate most of the sites have been sent warning letters ordering them to stop.

  • Steep drop in unemployment rate spawns conspiracy Friday, 5 Oct 2012 | 6:04 PM ET

    WASHINGTON-- Sasquatch might as well have traipsed across the White House lawn Friday with a lost Warren Commission file on his way to the studio where NASA staged the moon landing. Officials at the Labor Department said the jobs figures are calculated by highly trained government employees without any political interference.

  • Jobs report boosts Obama; Romney not impressed Friday, 5 Oct 2012 | 5:57 PM ET

    FAIRFAX, Va.-- Mitt Romney was still celebrating his widely praised debate performance when the campaign lurched in a different direction. Incumbent and challenger alike campaigned in battleground states during the day, each man starting out in Virginia before the president headed for Ohio and Romney flew to Florida.

  • What unemployment-rate conspiracists were saying Friday, 5 Oct 2012 | 5:55 PM ET

    Former General Electric CEO Jack Welch set off a wave of conspiracy theories Friday by tweeting, "Unbelievable jobs numbers.. these Chicago guys will do anything.. can't debate so change numbers." "Chicago" refers to President Barack Obama's campaign headquarters. " _ "If there's anyone who knows about slashing American jobs, it's Jack Welsh.

  • Exxon hit with new lawsuit over Yellowstone spill Friday, 5 Oct 2012 | 5:47 PM ET

    BOZEMAN, Mont.-- More than a dozen eastern Montana landowners filed a lawsuit Friday against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. Exxon Mobil spokesman Patrick Henretty said the company had not received the lawsuit.

  • Calif man accused of stealing from wine lockers Friday, 5 Oct 2012 | 5:47 PM ET

    SANTA ANA, Calif.-- The operator of a California business where the public can store wine bottles has been charged with stealing nearly $3 million in vintage wines from clients' storage lockers. Osumi's arraignment in Orange County Superior Court was postponed from Friday until Nov. 2.

  • Jobs report brings down debate high in Romney camp Friday, 5 Oct 2012 | 5:46 PM ET

    ABINGDON, Va.-- The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance.

  • How the government compiles the jobs report Friday, 5 Oct 2012 | 5:45 PM ET

    The unemployment rate's sharp fall in September, reported a month before the election, led some Republicans to question whether the numbers had been manipulated to benefit President Barack Obama. They noted that the report is prepared under tight security with no White House input or supervision.

  • AIG announces amended 4-year, $4B credit facility Friday, 5 Oct 2012 | 5:45 PM ET

    NEW YORK-- Insurance giant American International Group Inc. said Friday it has agreed on terms of an amended four-year, $4 billion credit facility. Thirty-four banks took part in the facility, with units J.P. Morgan Securities and Citigroup Global Markets acting as leads.

  • Moody's lowers some ratings on Spanish banks Friday, 5 Oct 2012 | 5:42 PM ET

    Spain's banks and government are struggling as the country suffers through its second recession in three years and its overall unemployment rate is at nearly 25 percent.

  • Bond memorabilia goes under hammer in London Friday, 5 Oct 2012 | 5:42 PM ET

    LONDON-- James Bond lovers have spent thousands of pounds for pieces of memorabilia from the spy movies at a London auction. Among the items under the hammer Friday in London was the complete works of Ian Fleming, Bond's creator. A navy, wool Tom Ford suit worn by Daniel Craig in the new Skyfall film due out on Oct. 26 sold for 46,850 pounds.

  • Movers roundup: Glu Mobile, Medicines Co. Friday, 5 Oct 2012 | 5:41 PM ET

    Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of Glu Mobile Inc. sold off after Zynga Inc., another online games developer, slashed its guidance. But one analyst says Glu should benefit from Zynga's problem: Gamers' shift from computers to phones.

  • Movers roundup: Informatica, Sunesis Friday, 5 Oct 2012 | 5:38 PM ET

    Among the stock activity stories for Friday, Oct. 5, from AP Business News:. _ Shares of business software maker Informatica Corp. made a small rebound after losing more than 20 percent of their value a day earlier following the company's disappointing third-quarter forecast.

  • Problems found at peanut butter plant in 2010 Friday, 5 Oct 2012 | 5:37 PM ET

    The FDA said Friday that a recent inspection found salmonella in the plant which produced Trader Joe's Valencia Creamy Peanut Butter and many other nut butters and nut products for several large national grocery chains. FDA has found problems at Sunland before.

  • Schmitt Industries promotes Fitzhenry to CEO Friday, 5 Oct 2012 | 5:32 PM ET

    PORTLAND, Ore.-- Schmitt Industries Inc. said Friday that President James Fitzhenry will replace Wayne Case as CEO. Fitzhenry, 57, has been president of the company since June 2009. It reported $14.4 million in revenue in its most recent fiscal year.

  • News Summary: Commodities prices fall broadly Friday, 5 Oct 2012 | 5:29 PM ET

    Crude oil gave up $1.83 to $89.88 per barrel on the New York Mercantile Exchange. Gold for December delivery gave up $15.70 to $1,780.80 an ounce. COFFEE CREAMED: Coffee prices slumped 4 percent, giving up 6.95 cents to settle at $1.6810 per pound.