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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • EU finance chiefs to discuss debt crisis, Greece Monday, 8 Oct 2012 | 2:27 AM ET

    LUXEMBOURG-- EU finance ministers are in Luxembourg to take stock of the debt crisis before a summit of EU leaders later this month. The 17 eurozone ministers will look Monday at Greece's budget proposals.

  • German exports 2.4 percent higher in August Monday, 8 Oct 2012 | 2:19 AM ET

    BERLIN-- Exports from Germany, Europe's biggest economy, rose unexpectedly in August compared with the previous month but industrial production was a bit lower, official data showed Monday.

  • Oil falls in Asia on sluggish US hiring Monday, 8 Oct 2012 | 1:05 AM ET

    Benchmark crude for November delivery was down fell 37 cents to $89.51 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract closed down $1.83 to $89.88 per barrel.

  • News Summary: Wal-Mart, Amex expand prepaid card Monday, 8 Oct 2012 | 12:52 AM ET

    NEW YORK-- PARTNERSHIP: Wal-Mart Stores Inc. and American Express Co. are rolling out a prepaid card that they say offers checking and debit services designed to help customers manage and control their everyday finances. BEHIND THE NEWS: The move comes as American Express is looking for new ways to expand its customer base beyond its wealthy clientele.

  • More pain at pump as Calif. gas prices rise again Monday, 8 Oct 2012 | 12:49 AM ET

    LOS ANGELES-- The statewide average price for a gallon of regular gasoline in California rose to an all-time high Monday, the third record-setting day in a row that is prompting calls for a federal investigation into the price spike.

  • Quad/Graphics, Time agree on new distribution deal Monday, 8 Oct 2012 | 12:43 AM ET

    SUSSEX, Wis.-- Quad/Graphics says it has agreed to a new deal worth more than $900 million to print the majority of publisher Time Inc.' s magazines. Time Inc. is a division of Time Warner Inc., based in New York. Shares of Quad/Graphics added 45 cents, or 2.4 percent, to $18.95 in afternoon trading.

  • Renewable Energy Group lowers 3Q forecast Monday, 8 Oct 2012 | 12:36 AM ET

    AMES, Iowa-- Shares of Renewable Energy Group Inc. plunged in trading Friday after the biodiesel producer said it expects to post a loss for its fiscal third quarter. As a result, it expects to report an adjusted loss of $2 million to $7 million before interest, taxes, depreciation and amortization.

  • An American in Paris: Hopper retrospective opens Monday, 8 Oct 2012 | 12:33 AM ET

    PARIS-- A major Edward Hopper retrospective in Paris reveals that the 20th century painter famed for his rendering of American life drew inspiration from France.

  • SAfrica: Union accuses platinum producer of racism Monday, 8 Oct 2012 | 12:31 AM ET

    JOHANNESBURG-- The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.

  • *Indianapolis symphony cancels 5th week of concerts Monday, 8 Oct 2012 | 12:28 AM ET
  • APNewsBreak: Raese built golf club without permits Monday, 8 Oct 2012 | 12:26 AM ET

    MORGANTOWN, W.Va.-- Republican Senate candidate John Raese filled in wetlands and damaged more than 2 miles of streams when he rerouted them to create waterfalls on a private, 18- hole West Virginia golf course that federal regulators say he built without the required permits.

  • Significant flight delays for Alaska Airlines Monday, 8 Oct 2012 | 12:19 AM ET

    SEATTLE-- The computers Alaska Airlines uses to check in passengers stopped working at 7:40 a.m. Monday, causing long lines of frustrated passengers who were unable to board flights that were delayed. Alaska Airlines President and CEO Brad Tilden said there might be a partial solution by noon Pacific time and a full resolution by 5 p.m..

  • Progress Software CEO resigns; warns on 4Q revenue Monday, 8 Oct 2012 | 12:14 AM ET

    BEDFORD, Mass.-- Progress Software Corp. said Monday that Jay Bhatt, its president, CEO and board member, is resigning to lead another software firm. Progress shares fell $2.81, or 13.1 percent, to $18.67 by midday, with more than three times the typical number of shares changing hands.

  • Egypt's foreign reserves continue to drop Monday, 8 Oct 2012 | 12:13 AM ET

    CAIRO-- Egypt's central bank says the country's net foreign reserves have dropped again in September, despite a boost from Qatar. The London- based Capital Economics research and consultancy firm says Egypt's "dangerously low" reserves level means the nation of 82 million people does not have enough to cover three months' worth of imports.

  • New report takes a look at Louisiana tax structure Monday, 8 Oct 2012 | 12:05 AM ET

    BATON ROUGE, La.-- Louisiana state agencies have released a 43- page report that provides an overview of the state's tax structure and the $6.8 billion in tax breaks on the books. The report, released Monday, was put out by the Department of Revenue and Department of Economic Development. Bobby Jindal has said a revamp of Louisiana's tax code will be his top priority.

  • Asia stocks down as global growth woes intensify Sunday, 7 Oct 2012 | 11:22 PM ET

    BANGKOK-- Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Benchmarks in Singapore, Taiwan and mainland China also fell. Andrew Sullivan, principal sales trader at Piper Jaffray in Hong Kong, said protests in Spain and IMF concerns over Greece continue to worry investors.

  • World Bank cuts Asia growth outlook for this year Sunday, 7 Oct 2012 | 10:10 PM ET

    BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • US panel: China tech giants pose security threat Sunday, 7 Oct 2012 | 7:52 PM ET

    WASHINGTON-- American companies should avoid doing business with China's two leading technology firms because they pose a national security threat to the United States, the House Intelligence Committee is warning in a report to be issued Monday.

  • Greek police detain 18 union officials Sunday, 7 Oct 2012 | 6:01 PM ET

    ATHENS, Greece-- Greek police say they have detained 18 union members of the state electricity company's union, including the union president, for illegally occupying a building housing the company's computer systems. The unionists had occupied the building for about four hours when riot police stormed the premises shortly before midnight.

  • UK threatens to veto BAE-EADS merger Sunday, 7 Oct 2012 | 5:18 PM ET

    LONDON-- The French and German governments must reduce their stakes in defense company EADS NV for the U.K. to allow a proposed merger with BAE Systems PLC to go ahead, Britain's defense secretary warned Sunday. Philip Hammond said Britain would veto the mega-merger of the aeronautics and defense companies if this requirement wasn't satisfied.