GO
Loading...

Enter multiple symbols separated by commas

CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • FOREX-Dollar weakens against euro for first time in week Thursday, 21 May 2015 | 10:34 AM ET

    NEW YORK, May 21- The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors were reluctant to enter new positions after a dramatic selloff over the past month, and as some economic data disappointed. "People are reluctant to put on strong dollar positions," said Sebastien Galy, senior foreign exchange analyst at Societe Generale...

  • WASHINGTON, May 21- The United States on Thursday imposed sanctions on two firms based in Iraq and in the United Arab Emirates for helping Iran purchase second-hand civilian aircraft. Treasury said the sanctions applied to Iraq- based Al-Naser Airlines as well as UAE- based Sky Blue Bird Aviation for providing support to Iranian airline Mahan Air.

  • First Libor defendant faces jury trial in London Thursday, 21 May 2015 | 10:30 AM ET

    *Former trader Hayes to go on trial in London. LONDON, May 21- Tom Hayes, a former star trader at UBS and Citigroup, will next Tuesday become the first person to face trial by jury over allegations he conspired to rig global Libor interest rates when his case begins in London. The trial marks a new phase in a seven-year, global inquiry that has culminated in banks and...

  • TREASURY SAYS SANCTIONS IRAQ- BASED AL-NASER AIRLINES, UAE- BASED SKY BLUE BIRD AVIATION FOR PROVIDING SUPPORT TO IRAN'S MAHAN AIR.

  • DETROIT, May 21- Prosecutors in Detroit have joined the U.S. federal probe into Takata Corp's defective air bag inflators that are linked to at least six deaths globally. The U.S. Attorney's Office for the Eastern District of Michigan and the U.S. Department of Justice's Criminal Division, Fraud Section in Washington "are jointly handling the criminal...

  • US STOCKS-Wall St shrugs off weak data to inch higher Thursday, 21 May 2015 | 10:22 AM ET

    *Lumber Liquidators plunges after CEO resigns. *CVS up on $10.1 bln Omnicare deal. May 21- U.S. stocks moved higher in morning trading on Thursday as investors shrugged of fresh batch of weaker-than-expected data, which came a day after the Federal Reserve all but ruled out an interest rate hike in June.

  • SHANGHAI, May 21- A popular mobile web browser from a company that Alibaba Group Holding Ltd paid more than $1 billion for last year leaks sensitive user data and is a privacy risk, a Canadian technology research group said on Thursday. Citizen Lab said Chinese and English-language versions of UC Browser, developed by UCWeb Inc, made easily available to third...

  • SANTA BARBARA, May 21- Cleanup teams labored on Thursday for a third day to remove patches of crude petroleum that stained a California beach and fouled offshore waters from a pipeline rupture that may rank as the biggest oil spill to hit the Santa Barbara coastline in more than four decades. Refugio State Beach and El Capitan State Beach, both popular seaside...

  • NEW DELHI, May 21- India's central bank is working to liberalize its foreign exchange rules to make it easier to do business with Asia's third-largest economy, Deputy Governor H.R. Khan said on Thursday, a step that could support flagging exports. "We have got a positive response from the RBI and it could soon issue directions to banks," said S.C. Ralhan, president of...

  • NEW YORK, May 21- The U.S. dollar weakened against the euro on Thursday for the first time this week, as investors burnt by a dramatic selloff over the past month were reluctant to enter new positions, and as euro zone activity showed nascent signs of recovery. "People are reluctant to put on strong dollar positions, so they are lagging what you can see in terms of...

  • U.S. leading indicator rises solidly in May Thursday, 21 May 2015 | 10:08 AM ET

    WASHINGTON, May 21- A gauge of future U.S. economic activity increased solidly in April, suggesting growth was rebounding after slumping in the first quarter. The Conference Board said on Thursday that its Leading Economic Index advanced 0.7 percent after an upwardly revised 0.4 percent gain in March. Economists polled by Reuters had forecast the index rising...

  • LONDON, May 21- Copper edged up on Thursday from the previous session's three-week low, helped by a weaker dollar and by hopes that a soft Chinese manufacturing reading will spur Beijing to do more to stimulate the world's No. 2 economy. Three-month copper on the London Metal Exchange was up 0.6 percent at $6,259 a tonne by 1341 GMT after touching $6,194 on...

  • May 21- Shares of Shopify Inc, a Canadian e-commerce software maker, rose as much as 69 percent in their trading debut on the New York Stock Exchange, valuing the company at up to $2.14 billion. Ottawa- based Shopify, which also listed its shares on the Toronto Stock Exchange, sold all the 7.7 million shares in the offering. Morgan Stanley, Credit Suisse, Raymond James...

  • US DOLLAR WEAKENS SLIGHTLY AFTER DATA, TRADES AT $1.113 AGAINST EURO.

  • WASHINGTON, May 21- U.S. home resales unexpectedly fell in April as tight inventories pushed prices higher, giving a cautious signal on the strength of the housing market. The National Association of Realtors said on Thursday existing home sales dropped 3.3 percent to an annual rate of 5.04 million units. March's sales pace was revised up to 5.21 million units...

  • MOSCOW, May 21- Russian Finance Minister Anton Siluanov said on Thursday that his ministry predicted the economy would contract by 2.5 percent this year, less than officially forecast, according to comments posted on the Finance Ministry's official Twitter account. On Monday, Russia's Economy Minister Alexei Ulyukayev also said he expected the economy to...

  • China- based Hanergy Thin Film Power Group Ltd, a maker of solar panel technology, hired Goldin Financial Holdings as financial adviser on several transactions. On Thursday, shares in Goldin Financial dropped by as much as 62 percent, closing down 43 percent in the stock's busiest day of trading in almost six years. Shares in both Hanergy Thin Film and Goldin...

  • US STOCKS SNAPSHOT-WALL ST OPENS LOWER AFTER JOBLESS CLAIMS. May 21- U.S. stocks opened lower on Thursday after weekly U.S. jobless claims rose more than expected, and a day after minutes from the Federal Reserve meeting bolstered the view that rates would stay near zero until later this year. The Dow Jones industrial average fell 12.14 points, or 0.07 percent, to...

  • YOUR MONEY-In defense of the courthouse wedding Thursday, 21 May 2015 | 9:30 AM ET

    NEW YORK, May 21- When Scott Oeth was thinking about proposing to his girlfriend, Linda Hardin, he knew the stats. That's when the Minneapolis financial planner thought, No way. More newlyweds seem to be thinking like Scott Oeth and Linda Hardin.

  • CHICAGO, May 21- The U.S. Supreme Court ruled this week that employers have a duty to protect workers in their 401 plans from mutual funds that are too expensive or perform poorly. The high court ruled on a class-action lawsuit against Edison International. St. Louis lawyer Jerome Schlichter, who has made a cause of suing 401 plans to get them to shape up, brought the...