CNBC Utilities Page Wires

  • The EPA has since said it will finish deliberations on a proposal to lift the ban by May, a timeline the administration hopes will put the rule in place before summer. "EPA ought to speed it up. "We don't need a lot of bureaucratic red tape with something that has been discussed in Washington for four to five years, and discussed... specifically with EPA and face-to-face...

  • MUMBAI, Oct 23- An Indian court on Tuesday remanded three people, including the spokeswoman of the country's biggest digital payments company Paytm, to a week's custody over an alleged bid to blackmail its founder and extort $2.7 million by threatening to leak stolen personal data. Paytm, whose investors include China's Alibaba Group and Japan's SoftBank...

  • NEW YORK, Oct 23- A record-setting $1.6 billion prize in the Mega Millions lottery has Americans dreaming of buying homes, cars, helping financially strapped friends and family and early retirement, but experts caution that with their newfound riches will come many headaches. Anyone who hits all six numbers to win the jackpot can choose an immediate cash...

  • WASHINGTON, Oct 23- The United States targeted Afghanistan's Taliban insurgency on Tuesday with sanctions against eight individuals, including two linked to the Quds Force of Iran's Revolutionary Guards. U.S. sanctions have targeted Taliban members involved in suicide attacks and other lethal activities in Afghanistan, as well as Iranians who provide...

  • RIYADH, Oct 23- Saudi Arabia's crown prince trumpeted on Tuesday a conference that has drawn investment deals worth $50 billion despite a boycott over the killing of journalist Jamal Khashoggi, declaring the event as "great- more people more money". A number of Western politicians and global business chiefs stayed away from Saudi Arabia's premier investment...

  • Oct 23- McDonald's Corp said on Tuesday it would launch new breakfast items and a new classic meal deal, as world's the biggest fast-food chain looks to boost traffic at its slowing U.S. business. McDonald's Chief Financial Officer Kevin Ozan said on a post-earnings call that the number of customers in the United States had fallen in the third quarter.

  • ZURICH, Oct 23- Switzerland and the European Union are unlikely to strike a deal this year on a new treaty streamlining their relations, current EU president Austria said on Tuesday, suggesting some kind of transitional regime could help matters as talks go on. Unlike Britain with its messy divorce from the EU, Switzerland has a network of 120 sectoral accords...

  • *South Korea imported no oil from Iran in Sept. *Rising U.S. oil output to offset Iran: https://tmsnrt.rs/2ECCJ4T. NEW YORK, Oct 23- Oil prices fell nearly 3 percent to more than one-month lows on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran and as U.S. equity markets sold off.

  • *EU rejects Italy draft budget, gives Rome 3 weeks. *Italy/ Germany spread widens to 315 bps. LONDON, Oct 23- Italian bond yields rose sharply on Tuesday, reversing falls earlier in the session, as the European Commission rejected Italy's draft budget and gave Rome three weeks to come up with a revised version.

  • MAZATLAN, Mexico, Oct 23- Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico's Pacific coast on Tuesday as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains. Residents had sealed off windows and doors with large wooden planks on hotels facing the historic downtown boardwalk of...

  • MAZATLAN, Mexico, Oct 23- Thousands of people were evacuated, buildings were boarded up and schools closed on Mexico's Pacific coast on Tuesday as Hurricane Willa threatened to batter tourist resorts with high winds and heavy rains. Residents had sealed off windows and doors with large wooden planks on hotels facing the historic downtown boardwalk of...

  • NEW YORK, Oct 23- Wall Street stocks tumbled more than 2 percent on Tuesday as disappointing forecasts from industrial bellwethers Caterpillar and 3 M piled on to concerns over Saudi Arabia's diplomatic isolation, Italy's finances and trade-war fears. All the three major Wall Street indexes were trading below their 200- day moving averages, a key technical...

  • *Q4 net interest income expected to rise vs Q3. Oct 23- Fifth Third Bancorp said on Tuesday it expects fourth-quarter net interest income to rise by around 2 percent from the preceding quarter, sending its shares up on a day when financial stocks were leading a selloff in the wider market. Shares of the Cincinnati, Ohio- based company rose 1.2 percent to $25.65 in...

  • The seven members of the board voted in favor of the plan even though some raised concerns about its ultimate viability to help Puerto Rico resume fiscal balance and economic growth. "This is not a fiscal plan for economic development, this is an austerity plan," Governor Ricardo Rossello said as the board met in San Juan to approve revised fiscal plans for both the...

  • *U.S. stocks follow Europe and Asia lower. NEW YORK, Oct 23- Wall Street stocks followed Europe and Asia lower on Tuesday as investors fled for safety as they worried about U.S. earnings, Italy's finances and U.S. trade tensions while pressure mounted on Saudi Arabia over the death of journalist Jamal Khashoggi. The dollar index fell slightly, and oil prices fell...

  • *Co sees 2018 cash-flow of $1 bln- $1.2 bln. Oct 23- PulteGroup Inc raised its fourth-quarter forecast for average prices on Tuesday, easing investor concerns that rising mortgage rates would hurt homebuyers' affordability and pressure the company's ability to raise prices. Chief Executive Ryan Marshall said on a post-earnings conference call that while...

  • NEW YORK, Oct 23- A package containing an explosive device was found in a mailbox outside a New York home owned by billionaire financier George Soros, and the FBI was searching for the sender on Tuesday. An employee at the home in Katonah, New York, opened the package at around 3:45 p.m. on Monday to find what appeared to be an explosive device, the Bedford Police...

  • ROME, Oct 23- Deputy Prime Minister Luigi Di Maio said on Tuesday the European Commission's unprecedented rejection of Italy's budget was fully expected and called for the EU executive to have "respect" for Italians and their government. This is the first Italian budget that was written in Rome and not in Brussels, " Di Maio said on Facebook. Separately, a...

  • BENGALURU, Oct 23- Gold jumped 1 percent to a more than three-month peak on Tuesday, with investors spurred on by a slide in global equities and rising political and economic uncertainty, including concerns over Italy's spending plans. Spot gold was up 1 percent at $1,233.69 an ounce at 1432 GMT, having touched its highest since July 17 at $1,239.68.

  • Oct 23- Tesla Inc shares rose 6 percent on Tuesday, after long-time critic and short-seller Citron Research had a change of heart on the company's outlook, praising the success of the electric carmaker's mass market Model 3 sedan. The change of opinion comes a month after Andrew Left- led Citron sued Tesla and its Chief Executive Officer Elon Musk, saying Musk...