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CNBC Utilities Page Latest Business News Wires - Business Headlines


  • Troubled Calif. nuke plant aims to restart reactor Thursday, 4 Oct 2012 | 9:13 AM ET

    LOS ANGELES-- Eight months ago Southern California had a nuclear power plant that could generate enough electricity for 1.4 million homes. Southern California Edison sketched out a proposal Thursday under which its long-shuttered San Onofre nuclear power plant might be stuck, perhaps permanently, in a sort of middle gear.

  • Wall Street futures higher as retailers report Thursday, 4 Oct 2012 | 9:05 AM ET

    Dow futures are up 59 points to 13,485. The broader S&P 500 futures are up 8 points to 1,452.40. Investors are also awaiting news from the monthly policy meeting of the European Central Bank. Stocks across Europe were marginally higher ahead of ECB head Mario Draghi's news conference, which is being held in Slovenia, one of the euro's 17 countries.

  • Perfumania September sales decline 3.9 percent Thursday, 4 Oct 2012 | 9:00 AM ET

    BELLPORT, N.Y.-- Perfumania Holdings Inc. said Thursday that revenue in stores open at least a year fell 3.9 percent in September. Total revenue fell 2 percent to $22.3 million last month. Perfumania has 344 perfume stores in the U.S.

  • Ahead of the Bell: Hewlett-Packard Thursday, 4 Oct 2012 | 8:56 AM ET

    NEW YORK-- Analysts on Thursday voiced concerns that Hewlett-Packard's ongoing efforts to restructure its operations might not be enough to turn around the struggling computer company any time soon.

  • London mayor slams government delay on airports Thursday, 4 Oct 2012 | 8:56 AM ET

    LONDON-- London's mayor says the British government is risking economic catastrophe by not quickly expanding airport capacity. Under pressure to build a third runway at Heathrow, London's busiest airport, the government has ordered a review into airport capacity.

  • Draghi warns eurozone growth will 'remain weak' Thursday, 4 Oct 2012 | 8:53 AM ET

    FRANKFURT, Germany-- European Central Bank head Mario Draghi says that growth in the crisis-hit group of 17 countries that use the euro will remain weak for the near future. The ECB governing council met in Slovenia, one of the 17 countries that use the euro.

  • Haverty Furniture 3rd-quarter sales up 11 pct Thursday, 4 Oct 2012 | 8:52 AM ET

    ATLANTA-- Haverty Furniture Cos. said Thursday that its revenue grew 11 percent in the third quarter as sales increased at established shops. Revenue rose to $172.7 million from $155.4 million a year ago. At locations open at least a year, revenue rose 10 percent.

  • Beijing rep at HK tragedy raises unease over China Thursday, 4 Oct 2012 | 8:50 AM ET

    HONG KONG-- A show of concern by Beijing over a boat collision that killed dozens of people in Hong Kong this week has backfired, further damaging the Communist government's image in the former British colony.

  • Honduran court: Private cities 'unconstitutional' Thursday, 4 Oct 2012 | 8:46 AM ET

    The constitutional judges argued that "the foreign investment expected to be received by the state of Honduras implies transferring national territory, which is expressly prohibited in the constitution," according to a copy of the ruling obtained by The Associated Press. South Korea has given Honduras $4 million to conduct a feasibility study.

  • Ore. pot measure struggles as Wash., Colo. thrive Thursday, 4 Oct 2012 | 8:44 AM ET

    PORTLAND, Ore.-- As marijuana legalization efforts in Colorado and Washington pick up steam, a similar push in Oregon seems to be going up in smoke. More than $4 million has flowed to Washington and close to a million in Colorado.

  • USA Today founder honors ND Olive Garden reviewer Thursday, 4 Oct 2012 | 8:43 AM ET

    She's known for her earnest review of an Olive Garden restaurant in North Dakota that went viral on the Internet. Six decades after they worked together at the University of South Dakota's student newspaper, Al Neuharth, 88, and Marilyn Hagerty, 86, are reuniting.

  • *Museum is taking charge of Poe House in Baltimore Thursday, 4 Oct 2012 | 8:42 AM ET
  • *Argentine security forces protest wage cuts Thursday, 4 Oct 2012 | 8:40 AM ET
  • Rare US meningitis outbreak grows; 4 dead, 22 sick Thursday, 4 Oct 2012 | 8:40 AM ET

    Eighteen of the cases are in Tennessee, where a Nashville clinic received the largest shipment of the steroid.. Three cases have been reported in Virginia, two in Maryland, two in Florida and one in North Carolina. Two of the deaths were in Tennessee, and Virginia and Maryland had one each, said officials at the Centers for Disease Control and Prevention.

  • *Limited Brands key revenue metric rises in Sept. Thursday, 4 Oct 2012 | 8:39 AM ET
  • Frida Kahlo, her real look, on display in Mexico Thursday, 4 Oct 2012 | 8:39 AM ET

    She graced dinner parties and theaters from Paris to New York in ribbons, full skirts and loose peasant blouses embroidered with vividly colored flowers, and her uni-brow was a bold contrast to the pencil-line eyebrows of the time.

  • Macy's September revenue up 2.5 percent Thursday, 4 Oct 2012 | 8:38 AM ET

    CINCINNATI-- Macy's said Thursday that a key measure of revenue rose 2.5 percent in September, coming in short of analysts' predictions for a gain of 3.3 percent, according to Thomson Reuters.

  • Romney would end Obama immigration policy Thursday, 4 Oct 2012 | 8:38 AM ET

    DENVER-- Republican presidential candidate Mitt Romney would end an Obama administration policy allowing some young illegal immigrants to stay in the country and work, though anyone already granted a reprieve from possible deportation wouldn't see that permission revoked.

  • Fears abound ahead of close Venezuelan elections Thursday, 4 Oct 2012 | 8:37 AM ET

    CARACAS, Venezuela-- Venezuelan voters Luis Gustavo Marin and Dunia Nessi are on opposite sides of the political spectrum, but as Sunday's election draws closer they both fear what will happen if their candidate loses.

  • Key ECB steps to combat Europe's debt crisis Thursday, 4 Oct 2012 | 8:37 AM ET

    FRANKFURT, Germany-- Here are some of the key steps the European Central Bank has taken to ease Europe's financial crisis and provide a spark to the weak economy. The ECB's plans have already helped lower borrowing costs in bond markets, at least temporarily, for Spain and Italy.