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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Foxconn denies report of strike at iPhone plant Saturday, 6 Oct 2012 | 4:07 AM ET

    BEIJING-- Foxconn Technology Group said Saturday that production at its central Chinese factory that makes Apple's iPhones was continuing without interruption, denying a labor watch group's report that thousands of workers at the plant had gone on strike.

  • Officials reject conspiracies on unemployment rate Saturday, 6 Oct 2012 | 3:01 AM ET

    The staffers who compute the U.S. unemployment rate work in an agency of the Labor Department. Officials who have overseen the work say it's prepared under tight security with no White House input or supervision. The only BLS employee appointed by the White House is the commissioner, who operates independently of the White House.

  • In coal country, a show of solidarity takes root Saturday, 6 Oct 2012 | 12:43 AM ET

    Thousands of miners have been laid off this year across Kentucky, Virginia and West Virginia, many with little hope of getting their jobs back as power plants and the coal mines that once fed them shut down.

  • Union urges Bombardier Learjet workers to strike Saturday, 6 Oct 2012 | 12:37 AM ET

    WICHITA, Kan.-- The machinists union at Bombardier Learjet is recommending workers to reject a contract offer Saturday and vote to strike. Machinists union spokesman Bob Wood told The Wichita Eagle that a main sticking point is health insurance. The machinists union represents 825 hourly workers in Wichita.

  • Report: Dutch bank head explains Bundesbank break Saturday, 6 Oct 2012 | 12:31 AM ET

    AMSTERDAM-- The Netherlands' central bank president has reportedly explained why he broke ranks with German peer Jens Weidmann and agreed to support a European Central Bank plan to buy bonds issued by financially stressed governments such as Spain's.

  • Chinese iPhone workers strike over quality demands Saturday, 6 Oct 2012 | 12:09 AM ET

    BEIJING-- A labor watch group says thousands of workers at a Chinese factory that makes Apple's iPhones have gone on strike over increased quality control demands and having to work during an extended national holiday.

  • NY's Pratt marks 125 years with 125 cultural icons Saturday, 6 Oct 2012 | 12:09 AM ET

    NEW YORK-- What do such disparate cultural icons as the Chrysler Building, the Dunkin' Donuts logo and Big Bird have in common? The private Brooklyn institution is kicking off the celebration with a gala Oct. 15 at the Waldorf- Astoria hotel, designed in 1929 by _ who else _ another Pratt alumnus.

  • World Bank body says Ecuador owes Occidental $1.8B Friday, 5 Oct 2012 | 10:35 PM ET

    QUITO, Ecuador-- An international arbitration body has ruled Ecuador should pay $1.769 billion to Occidental Petroleum Corp. for revoking the U.S. company's operating concession in 2006..

  • Tulsa American Airlines plant to lay off 450 Friday, 5 Oct 2012 | 8:07 PM ET

    TULSA, Okla.-- About 450 mechanics and fleet service workers at American Airlines' Tulsa maintenance base will be laid off by February, the company and union officials announced Friday.

  • 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.