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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • News Summary: Knight Capital posts big 3Q loss Wednesday, 17 Oct 2012 | 10:01 AM ET

    THE QUARTER: Knight Capital Group said it lost $764.3 million in the third quarter because of a software glitch that flooded the market with trades, causing dozens of stocks to fluctuate wildly. THE ERROR: Early on Aug. 1, dozens of stocks started rising and falling sharply for no apparent reason.

  • Uranium mining focus of Southside Va. forum Wednesday, 17 Oct 2012 | 10:01 AM ET

    CHATHAM, Va.-- A multi-agency working group examining various aspects of uranium mining is heading to Southside Virginia for a public meeting. The Uranium Working Group is scheduled to meet Wednesday night in Chatham for its fifth public forum.

  • Gas prices down nearly 3 cents in W.Va. Wednesday, 17 Oct 2012 | 10:00 AM ET

    CHARLESTON, W.Va.-- Gasoline prices have fallen nearly 3 cents per gallon on average in West Virginia over the past week. AAA East Central says the price for a gallon of regular, unleaded gas in the state is $3.87. Prices range from $3.80 in Weirton to $3.96 in Martinsburg.

  • FBI: Man tried to open plane's door after landing Wednesday, 17 Oct 2012 | 10:00 AM ET

    SALT LAKE CITY-- The FBI has arrested a man accused of disrupting a Delta Air Lines Inc. flight and damaging the airplane by running up the aisle shortly after landing and attempting to open an emergency exit.

  • Fans stand and cheer for author J.K. Rowling Wednesday, 17 Oct 2012 | 9:59 AM ET

    NEW YORK-- Just the mention of her name, J.K. Rowling, had the audience screaming and on its feet. The "Harry Potter" author spoke for just over an hour before a capacity crowd Tuesday night at Manhattan's Lincoln Center in her sole U.S. public appearance to promote her first novel for grownups, "The Casual Vacancy."

  • Fee income boosts BNY Mellon net income in 3rd-qtr Wednesday, 17 Oct 2012 | 9:58 AM ET

    NEW YORK-- The Bank of New York Mellon's net income rose 11 percent in the third quarter, as the company slashed expenses and collected more fees for managing investments. BNY Mellon's net income in the quarter ended Sept. 30 rose to $720 million, or 61 cents per share, from $651 million, or 53 cents per share in the same period a year earlier.

  • Application process for Mass. casinos to begin Wednesday, 17 Oct 2012 | 9:53 AM ET

    BOSTON-- Another step on the long road to casino gambling in Massachusetts is being taken as a 90- day window opens for developers to submit preliminary applications to the state. The Massachusetts Gaming Commission plans to make applications available on Wednesday to companies interested in bidding for the sole license to operate a slot parlor.

  • Beckett company sues over endangered ocelot Wednesday, 17 Oct 2012 | 9:45 AM ET

    LAREDO, Texas-- A company owned by Los Angeles Dodgers pitcher Josh Beckett is suing a pipeline builder on claims that habitat for the endangered ocelot was destroyed on a South Texas ranch. The lawsuit filed Tuesday in Laredo says Eagle Ford Midstream LP violated the federal Endangered Species Act by clearing land to build a natural gas pipeline.

  • *CSX predicts flat 4Q volume on weak coal demand Wednesday, 17 Oct 2012 | 9:41 AM ET
  • Stocks flat as investors digest earnings Wednesday, 17 Oct 2012 | 9:34 AM ET

    NEW YORK-- Stocks are opening flat on Wall Street as investors look over key corporate earnings reports. IBM stock is down $9 at the open at $202. Wall Street was expecting a loss.

  • Textron 3Q profit rises 6 pct on helicopter demand Wednesday, 17 Oct 2012 | 9:33 AM ET

    PROVIDENCE, R.I.-- Textron Inc. said Wednesday that its third-quarter net income rose 6 percent on higher demand for Bell helicopters and a strong performance from its industrial unit. Excluding income from discontinued operations, Textron earned 48 cents per share.

  • *Obama, Romney offer jobs pitch at start of debate Wednesday, 17 Oct 2012 | 9:28 AM ET
  • *Obama calls for reintroducing assault-weapons ban Wednesday, 17 Oct 2012 | 9:25 AM ET
  • *Investigators visit Mass. firm in meningitis case Wednesday, 17 Oct 2012 | 9:24 AM ET
  • Ahead of the Bell: IBM falls on disappointing 3Q Wednesday, 17 Oct 2012 | 9:24 AM ET

    Shares fell $8.67, or 4.1 percent, to $202.33 in premarket trading. Revenue in its region that includes Europe declined 9 percent, more than any other part of the world. That's because sales made in Europe are converting into fewer U.S. dollars than a year ago.

  • FACT CHECK: Stumbles in latest presidential debate Wednesday, 17 Oct 2012 | 9:23 AM ET

    Mitt Romney wrongly claimed that it took 14 days for President Barack Obama to brand the assault on the U.S. Consulate in Libya a terrorist act. Obama yet again claimed that ending the Afghanistan and Iraq wars makes money available to "rebuild America," even though it doesn't.

  • *Romney releases new ad TV on abortion Wednesday, 17 Oct 2012 | 9:21 AM ET
  • Bermuda buffeted by wind, rain from passing Rafael Wednesday, 17 Oct 2012 | 9:20 AM ET

    HAMILTON, Bermuda-- Fast-moving Hurricane Rafael was barreling past Bermuda on Tuesday night, driving gusty winds and pelting rain as its center traveled east of the storm-hardened British Atlantic territory. By 8 p.m. EDT, Rafael was a Category 1 hurricane with winds of 85 mph as its spinning center was located about 115 miles east-southeast of Bermuda.

  • Air Canada helps find troubled yacht off Australia Wednesday, 17 Oct 2012 | 9:18 AM ET

    TORONTO-- An Air Canada passenger flight bound for Sydney helped pinpoint the location of a yacht in trouble off the coast of Australia. Air Canada said its plane swooped down at about 1,200 meters while the crew peered out using binoculars borrowed from passengers.

  • US housing construction jumps to 4-year high Wednesday, 17 Oct 2012 | 9:18 AM ET

    WASHINGTON-- U.S. builders started construction on homes in September at the fastest rate since July 2008 and made plans to build even more homes in the coming months.