CNBC Utilities Page Latest Business News Wires - Business Headlines

More

  • LONDON, Oct 30- Bitcoin has just recorded its best month since May 2014, stealing the spotlight away from the blockchain technology that underpins it and which has been attracting investment from almost every major bank in the world. That has made it controversial, but also attractive, to users ranging from drug dealers to those trying to circumvent capital...

  • LABOR DEPT RULE ON STANDARDS FOR FINANCIAL ADVICE PASSES- MORNINGSTAR INC.

  • UPDATE 2-Colgate sales lose sparkle in Latin America Friday, 30 Oct 2015 | 12:38 PM ET

    Oct 30- Colgate-Palmolive Co reported a steeper-than-expected drop in quarterly sales, mainly due to a strong dollar, and the world's biggest toothpaste maker said full-year earnings would likely be lower than anticipated. Colgate has been trying to cushion the impact of the dollar's strength by raising prices, mainly in Latin America, but the move has hit...

  • ISTANBUL, Oct 30- Private equity firms that flooded into Turkey in recent years are now struggling in the face of political uncertainty and the lira's decline, which have made it harder to lure new investors and exit deals profitably. Thanks to stellar economic growth, Turkey attracted some of the top names in private equity over the past decade, including...

  • LONDON, Oct 30- Britain's biggest-selling newspaper the Sun is to take down its online paywall, after the Rupert Murdoch-owned tabloid failed to win enough readers in the latest troubled digital experiment for a traditional publisher. The decision to remove the paywall is also the first strategic change from Rebekah Brooks since she returned to oversee the...

  • *U.S. reschedules 2- year note auction to Nov. 4. NEW YORK, Oct 30- U.S. Some investors added U.S. bonds back to their holdings on expectations of further bond-buying stimulus from the European Central Bank and the Bank of Japan to combat deflation.

  • *Masdar has invested in renewables in Spain, UK. CEO seeks opportunities in Middle East, North Africa. PARIS, Oct 30- Policy shifts over climate change as countries seek to diversify energy sources have opened investment opportunities for renewables in the Middle East and North Africa, the head of UAE green energy firm Masdar said.

  • *BBVA and L'Oreal fall after disappointing figures. *Renault and Airbus rise after solid results. LONDON, Oct 30- European shares were weighed down on Friday by a drop in Greek stocks and in L'Oreal and BBVA shares, but remained on track for their biggest monthly gain in four years.

  • Oct 30- Valeant Pharmaceuticals International said on Friday that it is cutting ties with pharmacy Philidor Rx Services and that the pharmacy was shutting down. Bloomberg on Thursday detailed wrongdoing in its processing of medical claims, building on earlier reports about business practices. Express Scripts, CVS Health and OptumRx, part of UnitedHealth...

  • NEW YORK, Oct 30- Global 2014/ 15 coffee exports fell for the first time in five years, dropping 3.1 percent to 110.8 million 60- kg bags, the International Coffee Organization said on Friday. In the 2014/ 15 crop year, arabica coffee exports fell 1.9 percent to 68.4 million bags while robusta exports dropped 4.9 percent to 42.35 million bags, ICO data showed.

  • NEW YORK, Oct 30- Front-month gasoline prices rallied to a two-week high on Friday morning on the day of the expiry of the November contract. An FCC is used to make gasoline. Delays in restarting a major FCC were also cited as a factor.

  • LONDON/ FRANKFURT, Oct 30- Euroclear, one of the world's biggest stock and bond settlement houses, won't be ready to join a European Central Bank landmark project on time next year to streamline the continent's complex financial plumbing. The delay announced by Belgium- based Euroclear on Friday will deprive the ECB's new Target2Securities settlement system...

  • FRONT-MONTH GASOLINE RALLIES TO TWO-WEEK HIGH, UP 2.5%, AHEAD OF NOVEMBER CONTRACT EXPIRY.

  • *Bank of England seen keeping rates on hold. FRANKFURT, Oct 30- U.S. jobs data due next week may hold the key to whether the Federal Reserve will raise interest rates for the first time since 2006 in December, signalling its intention to end an era of almost-free dollars. "If we get 175,000 or 180,000 and wages up three tenths of a percent, that significantly increases...

  • ISTANBUL/ ANKARA, Oct 30- President Tayyip Erdogan is unambiguous about what he wants from an election on Sunday, casting it as a pivotal moment for Turkey: a return to the single-party rule he presided over for more than a decade until June. The outcome of the second parliamentary election this year will be important not only for Turkey's domestic stability and...

  • WASHINGTON, Oct 30- U.S. consumer spending in September recorded its smallest gain in eight months as personal income barely rose, suggesting some cooling in domestic demand after recent hefty increases. The Commerce Department data and another report from the Labor Department on Friday also showed weak inflationary pressures, which would argue against the...

  • *Brent, U.S. crude prices seesaw before Baker Hughes data. *Coming Up: Baker Hughes's U.S. oil rig count at 1700 GMT. Oil services firm Baker Hughes will release its weekly reading on the U.S. oil rig count at 1:00 p.m..

  • *Q3 adjusted profit of $1.28/ share vs est $1.29. *Sees 2016 adjusted EPS $5.68- $5.88 vs est $6.02. Oct 30- CVS Health Corp gave a disappointing profit forecast for 2016, hurt by costs related to the acquisition of Target Corp's pharmacies and as its own pharmacy benefits management business expands in low-margin Medicare and Medicaid plans.

  • *Gold set for biggest weekly drop in nine weeks. *Silver is week's worst-performing precious metal. LONDON, Oct 30- Gold fell to a three-week low on Friday, extending two days of losses and heading for its biggest weekly drop in nine on the chance the U.S.

  • NEW YORK, Oct 30- The Bank of Japan's decision to leave monetary policy unchanged pushed the yen up on Friday, while U.S. consumer spending data showing the smallest gain in eight months weighed on the dollar. But Japan's central bank was confident a tight job market would lift wages and consumption. "The focus has shifted back to relative policy again," said Ian...