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CNBC Utilities Page Latest Business News Wires - Business Headlines

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  • *Corn falls for third day on fast planting pace. "I've heard some talk that China has an increased appetite for oil, said Bill Gentry, broker at Risk Management Associates." Corn was anchored by expectations that a U.S. Department of Agriculture report on Monday afternoon will show that farmers seeded huge chunks of their acreage in the past week.

  • Treasuries prices turned slightly negative while hewing to narrow ranges on Monday, marking a mixture of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. I think the market is looking for some stability and toward Friday's payrolls data, "said Justin Lederer, an interest rate strategist at Cantor...

  • *Upbeat German data helps push Europe shares higher. NEW YORK, May 4- Global equity markets rose on Monday, lifted by the biggest gain in U.S. factory orders in eight months and solid manufacturing data in Germany, while German bund yields rose as investors shook off deflation fears that had gnawed European bonds. When viewed with a report from the European Central...

  • *McDonald's down after revealing turnaround plan. *AMC, Cognizant hit record high after results. May 4- Wall Street was up on Monday morning as healthcare stocks rose for a second straight session and new orders for U.S. factory goods recorded their biggest increase in eight months in March.

  • May 4- Corinthian Colleges Inc, the for-profit college operator hamstrung by federal and state investigations, filed for bankruptcy in Delaware on Monday, about a week after announcing it would shutter its remaining campuses and cease operations. In April, the Department of Education fined Corinthian $30 million for misrepresenting job placement rates to...

  • RIYADH, May 4- Foreign investors can own no more than 10 percent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. But the Capital Market Authority made clear on Monday that it did not want a sudden, destabilizing rush of money into the market, placing a...

  • *Total revenue $2.91 bln vs est. May 4- Cognizant Technology Solutions Corp expects its healthcare business to drive growth this year, helped by its acquisition of healthcare IT services provider TriZetto Corp and the implementation of the U.S. Barclays analyst Darrin Peller said companies that have more exposure to healthcare and financial industries, and...

  • Cablevision's video subscriber losses double Monday, 4 May 2015 | 10:38 AM ET
    Signage is displayed outside of a Cablevision Systems Corp. Optimum store in the Brooklyn borough of New York.

    Cablevision Systems said video subscriber losses doubled, as the cable TV company's customers continued to shift to bundled services from telecoms.

  • BRUSSELS, May 4- General Electric's CEO will meet the European antitrust chief on Tuesday, according to a person familiar with the matter, as the EU investigates the U.S. company's 12.4- billion-euro bid for an Alstom business. GE is seeking to convince the Commission to approve its proposal to buy French company Alstom's power equipment business, without...

  • *Factory orders rise 2.1 percent on transportation. WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The report on Monday from the Commerce Department was the latest...

  • MEXICO CITY, May 4- Mexico's manufacturing sector sentiment held steady in April, with factory activity holding at a slower pace than the start of the year but still pointing to further growth this year, a survey showed on Monday. A slump in oil prices and expectations of higher interest rates in the United States have hammered Mexico's peso since last year, and the...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday ruled against a Massachusetts man battling his mortgage lender over a bankruptcy plan in a case in which the Obama administration and even Bank of America Corp had backed the homeowner. On a 9-0 vote, the court said Louis Bullard, who owes community bank Blue Hills Bancorp Inc $387,000 for the mortgage on a property...

  • NEW YORK, May 4- The dollar edged higher on Monday in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter. The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan. The dollar should tread water or soften going...

  • May 4- McDonald's Corp's new chief executive officer said on Monday he would reorganize operating units, sell more restaurants to franchisees and cut costs in a bid to turn the fast-food chain into a "modern, progressive burger company." Shares were down 0.6 percent at $97.24 on the New York Stock Exchange as investors digested the news. Easterbrook's plan, " Miller...

  • WASHINGTON, May 4- New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar. The Commerce Department said on Monday new orders for manufactured goods increased 2.1 percent, the largest gain since July...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday allowed Barclays Plc to claim about $4 billion of disputed assets as part of its hurried purchase of much of Lehman Brothers Holdings Inc's brokerage unit at the height of the 2008 financial crisis. The U.S. top court declined to hear an appeal filed by Lehman's creditors, leaving intact an August 2014 ruling by the...

  • NEW YORK, May 4- U.S. Treasuries prices were modestly higher on Monday, hewing to narrow ranges on a combination of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. "A lot of U.S. data this week and I've been thinking the front-end will be more informative, because if you do get a pickup in data over this week, then...

  • WASHINGTON, May 4- The U.S. Supreme Court on Monday agreed to consider the Obama administration's bid to revive a regulation aimed at encouraging efficiency in the electricity market by paying users to reduce consumption at peak times. The court agreed to hear an appeal filed by the U.S. Federal Energy Regulatory Commission seeking to reverse a May 2014 ruling...

  • WASHINGTON, May 4- The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing. In an internal post to staff seen by Reuters, the World Bank's treasurer said around 40 percent of the fund's...

  • U.S. top court rejects hepatitis B drug patent case Monday, 4 May 2015 | 9:40 AM ET

    WASHINGTON, May 4- The U.S. Supreme Court on Monday brought to an end Bristol-Myers Squibb Co's attempt to revive patent protection for its Baraclude treatment for hepatitis B. The high court declined to hear Bristol-Myers' challenge to an appeals court ruling in favor of generic rival Teva Pharmaceutical Industries Ltd, which had successfully challenged the...