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CNBC Utilities Page Wires


  • 11 EU countries agree to financial transaction tax Tuesday, 9 Oct 2012 | 7:49 AM ET

    LUXEMBOURG-- European Union finance ministers grappled Tuesday with how to support their struggling banks and ensure that failing financial institutions don't have the power to drag down entire countries with them.

  • TEXT-S&P ratings - Deutsche Aerzteversicherung AG Tuesday, 9 Oct 2012 | 7:49 AM ET

    Oct 09-=============================================================================== Ratings-- Deutsche Aerzteversicherung AG------------------------- 09- Oct-2012=============================================================================== CREDIT RATING: No public ratings.

  • VIENNA, Oct 9- Nearly 200,000 Austrian metal trade workers will get pay rises of at least 3.2 percent next year under a wage accord, employers said on Tuesday. The accord does not cover separate negotiations between staff and large metal industry employers such as Voestalpine.

  • *Uncertainty over Spain and Greece pressures euro. LONDON, Oct 9- A stark warning from the IMF about the global growth outlook and the prospects for Spain and Greece sent European stocks and the single currency lower on Tuesday, while oil rose on escalating tensions in the Middle East.

  • Oct 9- MSP Steel& Power Ltd:. *India's MSP Steel& Power Ltd says board to meet on October 17 to. MSP Steel& Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 17, 2012, inter alia, to consider issue of Equity Shares on preferential basis to the promoters and non-promoters.

  • Cytec to sell coating resins business for $1.03B Tuesday, 9 Oct 2012 | 7:46 AM ET

    WOODLAND PARK, N.J.-- Chemical coating maker Cytec Industries Inc. said Tuesday it has agreed to sell its coating resins business to private equity firm Advent International for $1.03 billion.

  • Oct 9- Suncor Energy Inc:. *Northland Capital raises Suncor Energy Inc price target to C $39 from. Reuters Station users, click. 1568.

  • LONDON, Oct 9- Shares in EADS rose sharply and those in BAE Systems fell on Tuesday, with three traders attributing the move to a report by German news agency DPA that merger talks between the two companies had collapsed. EADS shares rose as high as 26.85 euros a share before ceding most of their gains to trade up 0.2 percent on the day at 26.30 euros by 1143 GMT.

  • TABLE-US chain store sales +0.2 pct last week-ICSC Tuesday, 9 Oct 2012 | 7:45 AM ET

    Oct 9- The International Council of Shopping Centers and Goldman Sachs on Tuesday released the following seasonally adjusted weekly data on U.S. chain store retail sales. ICSC Research said it expects October same-store sales to rise between 3.5 percent and 4.5 percent.

  • Brent crude rises over $1/bbl Tuesday, 9 Oct 2012 | 7:43 AM ET

    LONDON, Oct 9- Brent crude rose by more than $1 on Tuesday as rising tension between Turkey and Syria stoked oil supply concerns.

  • SINGAPORE, Oct 9- Taiwan's Formosa Petrochemical Corp has delayed receiving two naphtha shipments to November from October after it cut operating rates at its 2.93 million tonnes per year naphtha cracking complex, traders said on Tuesday.

  • Oct 9- Spectrum Brands Holdings Inc, the maker of Rayovac batteries and other consumer products, said it will buy a unit of Stanley Black& Decker Inc that makes door locks and bath fixtures for $1.4 billion. Stanley Black& Decker makes hardware, hand and power tools and industrial equipment.

  • ISTANBUL, Oct 9- The Turkish government announced its 2012-2015 Medium Term Programme on Tuesday, which forecasts gross domestic product growth of 3.2 percent this year and 4 percent in 2013.. Following is a table with the main economic and fiscal indicators:.

  • UK, France make progress in EADS-BAE talks -sources Tuesday, 9 Oct 2012 | 7:38 AM ET

    PARIS, Oct 9- Britain and France have made progress in talks over a possible cap on state shareholdings in any merger between EADS and BAE Systems, but any deal must overcome possible opposition from Germany, sources briefed on the matter said.

  • Polish government to approve shale gas law next week Tuesday, 9 Oct 2012 | 7:37 AM ET

    WARSAW, Oct 9- Poland's government will approve a long-awaited new shale gas law during its sitting next week, Prime Minister Donald Tusk said on Tuesday. We will be approving this draft at the government's sitting next week, "Tusk said at a news conference.

  • *JP Morgan cuts Directv to neutral- Streetinsider.com For a summary of rating and price target changes on U.S. companies:. Reuters Station users, click. 1568. Reuters Station users, click. 4899.

  • BRIEF-Partners REIT signs new lease with Wal-Mart Tuesday, 9 Oct 2012 | 7:36 AM ET

    Oct 9- Partners Real Estate Investment Trust:. *Reit signs new lease with Wal-Mart. *Anticipated the new Wal-Mart store will open by the second quarter of 2013.

  • MARKET PULSE-Alcoa, Eli Lilly, Edwards Lifesciences Tuesday, 9 Oct 2012 | 7:34 AM ET

    **ALCOA INC, Monday close $9.12, up 0.5 pct post-market. **YUM BRANDS, Monday close $66.94,. **CHEVRON CORP, Monday close $117.62.

  • Destination Maternity 4Q revenue tops Street Tuesday, 9 Oct 2012 | 7:33 AM ET

    PHILADELPHIA-- Destination Maternity said Tuesday that its fiscal fourth-quarter revenue dipped slightly, but the results still managed to beat Wall Street's expectations. Destination Maternity said that its quarterly revenue fell less than 1 percent to $128.5 million.

  • *Serbia's c.bank raises rates by 25 bps to 10.75 pct. BUDAPEST, Oct 9- Emerging European currencies were mixed on Tuesday with markets digesting weaker global growth forecasts from the IMF and with Serbia's dinar mildly firmer after its central bank raised interest rates to curb inflation. Serbia's central bank increased its benchmark interest rate.