CNBC Utilities Page Companies

  • NEW YORK— Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess. Chemtura shareholders will receive $33.50 per share in cash for each share they own. Lanxess Chairman and CEO Matthias Zachert said that the acquisition diversifies its business...

  • LONDON, Sept 26- European stocks fell on Monday as a pullback in the shares of major banking and energy companies weighed on the region's markets. The pan-European STOXX 600 index fell 0.7 percent in early session trading. The index remains down by around 6 percent since the start of 2016..

  • *Downbeat day on Wall Street casts pall over Asian shares. TOKYO, Sept 26- Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to American politics ahead of the first U.S. presidential debate. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trade,...

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday as creditors thrashed out the terms of a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed for bankruptcy in January 2015. The latest offer from Caesars...

  • Sept 23- Endo International Plc said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli, as the drugmaker grapples with a large debt load and mounting pressure on some of its drug prices. Endo's shares rose as much as 18 percent to $23.98 on Friday as the company also maintained its full-year profit and...

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday, a day after hitting a 16- month high, as investors awaited a midnight deadline for creditors to accept a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed...

  • Sept 23- Endo International Plc said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli, highlighting the drugmaker's shift away from specialty branded drugs. Endo's shares rose as much as 18 percent to $23.98 on Friday as the company also maintained its full-year profit and revenue forecasts.

  • Sept 23- Endo International Plc said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli, highlighting the drugmaker's shift away from specialty branded drugs. Endo's shares rose as much as 16 percent to $23.48 on Friday as the company also maintained its profit and revenue forecasts for the year.

  • Sept 23- Twitter Inc is moving closer to a sale and has received expressions of interest, CNBC reported on Friday, sending the microblogger's shares up more than 19 percent in their biggest gain in over two years. Co-founder Jack Dorsey returned to the company as chief executive in 2015, but his plan for reviving Twitter is at best seen as unfinished.

  • TORONTO, Sept 22- Shares of energy and financial companies led a broad rally on Canada's main stock index on Thursday as oil prices rose and investors digested the U.S. The Toronto Stock Exchange's S&P/TSX composite index has rallied 1.9 percent over the past two days, although stopping short of an August peak at 14,855.69 that, if breached, would push it to its...

  • Sept 21- Harley-Davidson Inc. shares jumped nearly 7 percent early on Wednesday as speculation resurfaced the company was a buyout target of equity firm Kohlberg Kravis and Roberts. Shares then pared gains after a company spokesperson said the company was not "aware of" anything specific that boosted the shares about 6.8 percent. "We don't comment on rumors,"...

  • NEW YORK— Target's board has approved the repurchase of $5 billion of its shares. Target Corp.' s board also declared a quarterly dividend of 60 cents per share. Shares of the Minneapolis- based company rose $1.05, or 1.5 percent, to $69.67 in premarket trading Wednesday about an hour ahead of the market opening.

  • *Dollar/ yen +0.3 pct, euro/ yen +0.5 pct. LONDON, Sept 21- World stocks rose on Wednesday, led by a surge in bank shares, while the yen weakened after the Bank of Japan surprised markets by adopting a target for long-term interest rates. Europe's STOXX 600 was up 1 percent in early trading with euro zone banking shares up nearly 3 percent and poised for their best day in...

  • HONG KONG, Sept 21- Japanese stocks were down in volatile trade for Asian markets as investors nervously waited on the outcome of the Bank of Japan's policy meeting amid growing speculation the central bank might step up its efforts to boost inflation. Ahead of the decision, MSCI's broadest index of Asia-Pacific shares outside Japan was flat, perched at its...

  • REDMOND, Wash.— Microsoft Corp. says its board has approved a dividend increase and a new $40 billion stock buyback plan. The Redmond, Washington, company said Tuesday it will pay a quarterly dividend of 39 cents on Dec. 8 to shareholders of record Nov. 17. Shares of Microsoft are up about 30 percent in the past year.

  • TORONTO, Sept 20- Canada's main stock index rose to a one-week high on Tuesday as shares of banks and other financial sector companies climbed, while the energy sector weighed as oil prices hit six-week lows intraday. The financials group, which accounts for 35 percent of the index's weight, gained 0.6 percent as investors braced for the outcomes of Federal...

  • Shares of Electrovaya, which have shot up 400 percent this year, rose as much as 9.9 percent to C $3.87 on the Toronto Stock Exchange on Tuesday. Electrovaya, which counts Chrysler, NASA and Tata Motors Ltd among its customers, said in July that it expects revenue of $80 million over three years from another deal. Das Gupta, who is an adjunct professor at the University...

  • Sinclair said that while it previously anticipated a decline in presidential ad spending based on late fundraising by the campaign of Republican nominee Donald Trump, it has yet to see significant spending even at the levels it initially expected. Leslie Moonves, chief executive of CBS Corp, downplayed Sinclair's warning in remarks at an investor...

  • SAO PAULO, Sept 20- Brazilian shares rose on Tuesday after Petrobras slashed its planned investment by 25 percent, pleasing traders concerned with the indebted state-controlled oil company's health. Petróleo Brasileiro SA is seeking to reduce the largest debt burden among global petroleum firms and revive investor confidence battered by a corruption...

  • New homes for sale by Lennar home builders.

    Lennar reported higher-than-expected quarterly profit and revenue as it sold more homes at higher prices and the company said orders rose 8.1 percent.