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CNBC Utilities Page Wires


  • Seoul shares trade flat; Hyundai Motor down Monday, 1 Oct 2012 | 8:08 PM ET

    SEOUL, Oct 2- Seoul shares traded flat after opening up slightly higher on Tuesday, weighed down by Hyundai Motor despite a surprise expansion in U.S. manufacturing.

  • SYDNEY, October 02 Fitch Ratings says there will be no rating impact on Australian bank hybrid capital instruments from the Australian Prudential Regulation Authority's decision to remove the requirement for it to approve coupon payments that exceed after-tax earnings.

  • Nikkei nudges up on better-than-expected U.S. data Monday, 1 Oct 2012 | 8:06 PM ET

    TOKYO, Oct 2- Japan's Nikkei share average rose at Tuesday's open after data showed U.S. manufacturing expanded in September, beating expectations, while a softer yen lent support to export-driven stocks. rose 0.3 percent to 8,826.29 while the broader Topix. stepped up 0.4 percent to 735.24.

  • Toys R Us to offer price matching in stores Monday, 1 Oct 2012 | 8:02 PM ET

    NEW YORK-- Toys R Us will offer a price matching guarantee on all of its toys and products in stores this holiday season, the toy seller said Monday. Toy analysts say retailers are being tight with inventory this year, so those wanting in-demand toys like Monster High dolls and the LeapPad2 tablet should buy early.

  • S.Korea Sept manufacturing PMI lowest in 43 mths Monday, 1 Oct 2012 | 8:00 PM ET

    SEOUL, Oct 2- South Korea's manufacturing sector shrank in September for the fourth consecutive month and the most rapidly since early 2009, a survey showed on Tuesday, suggesting the export-reliant economy probably slowed further in the third quarter.

  • SEOUL, Oct 2- South Korean stocks are set to begin the last quarter of this year on a positive note on Tuesday after a three-day holiday, buoyed by a surprise expansion in U.S. manufacturing. Analysts said focus would be on Samsung Electronics.

  • NY indictment: Madoff fraud stretched to the 1970s Monday, 1 Oct 2012 | 7:38 PM ET

    NEW YORK-- New York prosecutors say the multibillion-dollar fraud carried out by Wall Street swindler Bernard Madoff began as far back as the early 1970 s. The revelation comes in a rewritten indictment boosting charges against four long-time employees of the investment firm Madoff ran from his Manhattan offices.

  • Oct 2- Qantas Airways Ltd:. *Qantas Group- freight joint ventures with Australia post. *Says agreement to sell its 50 per cent stake in startrack to Australia post.

  • HONG KONG, Oct 2- At least 25 people died after a Hong Kong ferry packed with more than 120 people collided with another ferry and sank near Lamma island on Monday night in one of the city's worst maritime accidents. The accident occurred on Monday night in the waters off Lamma, an island south of Hong Kong popular with tourists and expatriates.

  • Oct 2- Central Petroleum Ltd:. *Central petroleum ltd- Central and Santos in joint venture up to $150. *Central petroleum-jv for further exploration and potential development of up.

  • *Janssen announces worldwide agreement to develop and commercialize JAK. commercialize ASP015K, except in Japan. *Janssen- entered into a license agreement with Astellas Pharma for worldwide.

  • Wrecked ship's owners settle New Zealand claims Monday, 1 Oct 2012 | 7:24 PM ET

    WELLINGTON, Oct 2- The owners of a ship which smashed into a reef off a popular New Zealand holiday spot causing the country's worst environmental disaster in decades have reached a multi-million dollar settlement with authorities, the government said on Tuesday.

  • NY AG sues JPMorgan over Bear Stearns securities Monday, 1 Oct 2012 | 7:22 PM ET

    NEW YORK-- The New York attorney general's office has hit JPMorgan Chase& Co. with a civil lawsuit, alleging that investment bank Bear Stearns _ prior to its collapse and subsequent sale to JPMorgan in 2008 _ perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.

  • BRIEF-Meridien Resources Ltd seeks trading halt Monday, 1 Oct 2012 | 7:19 PM ET

    Oct 2- Meridien Resources Ltd:. *Trading halt sought until an announcement can be made in relation to outcome. of general meeting of shareholders.

  • BRIEF-Redstone Resources seeks trading halt Monday, 1 Oct 2012 | 7:19 PM ET

    Oct 2- Redstone Resources Ltd:.

  • BRIEF-CenturyLink terminates finance transactions Monday, 1 Oct 2012 | 7:19 PM ET

    *Says decided not to proceed with its previously-announced senior notes. *Qwest is hereby terminating its previously-announced cash tender offer for. its outstanding 7.125% notes due 2018.

  • WASHINGTON, Oct 1- The White House got some good news on Monday when Lockheed Martin said it would not issue notices of possible job reductions before the Nov. 6 election.

  • SEOUL, Oct 2- South Korea's annual inflation in September quickened for the first time in 10 months led by foods, but stayed below the central bank's target, backing market expectations for an interest rate cut next week.

  • BRIEF-Fortescue Metals requests trading halt Monday, 1 Oct 2012 | 7:15 PM ET

    Sydney, Oct 2- Fortescue Metals Group Ltd:.

  • NEW YORK, Oct 1- Hedge fund manager William Ackman is blaming Procter& Gamble's top management for the consumer products company's problems, but said he understands the board wants to give the CEO more time to repair years of damage.