CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • Feb 5- Twitter Inc said it had suspended over 125,000 accounts since mid-2015 for "threatening or promoting terrorist acts, primarily related to ISIS." The microblogging service provider said in a blog on Friday that it had increased the size of the teams that review reports of such activity, reducing the response time significantly. The company said it was...

  • WASHINGTON _ WGL Holdings Inc. on Friday reported fiscal first-quarter earnings of $68.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, Feb 5- Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much is riding on Sunday's meeting between Venezuelan Oil Minister Eulogio Del Pino and his Saudi...

  • The virus, which is spreading quickly across the Americas, is usually transmitted by mosquitoes. But, the first known case contracted in the United States was a person infected after having sex with someone who had returned from Venezuela. World Health Organization spokesman Gregory Hartl stressed that "almost a 100 percent of the cases" are transmitted by the...

  • TORRANCE, Calif. _ Farmer Brothers Co. on Friday reported fiscal second-quarter net income of $5.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share. Farmer Brothers shares have dropped 24 percent since the beginning of the year.

  • CHICAGO _ Golub Capital BDC Inc. on Friday reported fiscal first-quarter profit of $20.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Golub Capital BDC shares have decreased slightly more than 7 percent since the beginning of the year.

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Acquisition targets would have benefited from being part of Lions Gate, a Canadian corporation with a lower tax rate, but certain regulations would prevent Lions Gate from buying larger companies, he said. Lions Gate said Thursday it was in talks to merge with Starz, a company it has had a 15 percent voting stake in since last year. Malone, who has stakes in both...

  • RENO, Nev. _ Unwired Planet Inc. on Friday reported a loss of $12.7 million in its fiscal second quarter. The Reno, Nevada- based company said it had a loss of $1.35 per share. Keywords: Unwired Planet, Earnings Report.

  • NEW YORK, Feb 5- The Nasdaq Composite dropped 3.3 percent on Friday, leading a selloff on Wall Street that followed weak forecasts from companies including LinkedIn and worries about lofty valuations.

  • Feb 5- The Kansas health department has confirmed one positive case of norovirus related to Buffalo Wild Wings Inc, the department's Johnson County office said. "These types of illness are common this time of year," Johnson County Department of Health and Environment Director Lougene Marsh said on Friday. Norovirus is the most common cause of food-borne disease...

  • TORONTO, Feb 5- Canada's benchmark stock index dipped on Friday as a selloff in U.S. technology stocks spilled over to Canada's technology sector, but defensive names such as gold stocks helped cushion losses.

  • WASHINGTON— For most of an agonizingly slow recovery from the Great Recession, millions of out-of-work Americans huddled on the sidelines of the job market. Yet Friday's jobs report added to evidence of a long-awaited shift:. This has created a "tug of war," says Joshua Shapiro, chief U.S. economist at forecasting firm MFR, Inc., between rising retirements and the...

  • MONTREAL, Feb 5- Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said. Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year, with investment swelling to...

  • ALLENTOWN, Pa.— An eastern Pennsylvania amusement park has offered to rehire a special needs employee after his co-worker took to social media to lambaste the company for firing him. Christopher Emery's mother tells The Morning Call she doesn't want her 29- year-old son to return to Dorney Park and Wildwater Kingdom because of how he was treated.

  • BEVERLY HILLS, Calif.— A Beverly Hills- based beauty school says it's closing all 56 of its campuses in five states after losing federal funding over allegations of misconduct. It shut facilities this week in California, Nevada, Utah, Kansas and Connecticut. School officials told the San Gabriel Valley Tribune that about 5,000 students and employees will receive...

  • *UAW chief sees shift toward utility vehicles, trucks enduring. DETROIT, Feb 5- The head of the United Auto Workers said on Friday he has asked Fiat Chrysler Chief Executive Sergio Marchionne for a meeting to discuss the company's plan to stop making two low-profit car models. UAW President Dennis Williams said at a press conference at the union's Detroit...

  • Lawsuit challenges tribal reservation decision Friday, 5 Feb 2016 | 3:51 PM ET

    "The federal government has grossly overstepped its authority," said Adam Bond, a lawyer for the 25 Taunton residents named in the suit. The 2015 decision granted the Mashpee Wampanoags 151 acres in Taunton and 170 acres in Mashpee, a town some 50 miles away on Cape Cod. Backed by Malaysian casino developers the Genting Group, the tribe proposes a $500 million Las...

  • NEW YORK, Feb 5- Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a "family office" and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies. That effort came two days after the CLO defaulted on some notes, forcing MBIA to make a $149 million payment.

  • Feb 5- The Nasdaq led a selloff on Wall Street following weak forecasts from technology companies, including LinkedIn, and worries about lofty valuations. LinkedIn was down 45 percent at $105.67 a day after the company's revenue forecast missed estimates. Big tech names also sank, including Facebook shares, which dropped 5.7 percent to $104.20, while Alphabet...