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CNBC Utilities Page Companies

  • 8 x8 shares rose as much as 14 percent on the news and ended trading up 10 percent at $16.15 in New York on Friday, giving the company a market capitalization of close to $1.5 billion. Based in San Jose, California, 8 x8 competes with companies in the so-called voice over internet protocol sector, including RingCentral Inc, Vonage Holdings Corp and Shoretel Inc..

  • *Pretax statutory profit $409 mln tops $366 mln consensus. *$215 mln loss from stake in Indonesia bank unit. LONDON/ HONG KONG, Feb 24- Standard Chartered shares fell by 3 percent on Friday as the lender returned to profit but held off on paying a dividend as it grapples with costs from Chief Executive Bill Winters's restructuring program.

  • *Yuan flat after Trump calls China "grand champions" of FX manipulation. TOKYO, Feb 24- Asian shares took a breather on Friday, slipping from 1-1/ 2- year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies. European shares are expected to be soft, with...

  • *Yuan flat after Trump calls China "grand champions" of FX manipulation. TOKYO, Feb 24- Asian shares took a breather on Friday, slipping from 1-1/ 2- year highs as material shares were hit by sudden falls in copper and other commodity prices while investors assessed Washington's stance on tax and currency policies. And he has said a strong dollar is in U.S. interests, "...

  • PALO ALTO, Calif.— Shares in Hewlett Packard Enterprise Co. tumbled in after-market trading Thursday after the company said it is facing "significant headwinds" that will slow its profits this year. The Palo Alto, California- based company's stock fell $1.41, or 5.7 percent, to $24.66 in extended trading. HPE said it now expects its adjusted profit to be between...

  • Feb 23- U.S. natural gas producer Chesapeake Energy Corp on Thursday posted a smaller fourth-quarter loss than a year earlier, when it took huge charges to write down the value of some oil and gas assets. At noon, shares in Chesapeake were down more than 7 percent at $5.49. Chief Executive Doug Lawler said on a conference call, "We will be working to accelerate our...

  • LONDON/ MILAN, Feb 23- European shares fell slightly on Thursday, weighed down by a pull-back in banking and mining stocks in a day where trading activity was dominated by a raft of company earnings. Losses in Barclays and in HSBC, which continued its slide after a disappointing update earlier this week, resulted in a 1 percent fall for Europe's banking index.

  • NEW YORK— Stocks wobbled Thursday as investors changed course and tempered their expectations for faster economic growth. Industrial companies, which have surged over the last few months, finished lower as Wall Street focused on gold, bonds, and companies that pay big dividends. Industrial companies have made big gains since November as investors expect the...

  • TORONTO, Feb 23- Canada's main stock index rose on Thursday as energy company stocks were boosted by gains in oil prices, while higher prices for bullion lifted shares of gold miners. The energy group climbed 1.3 percent, as oil prices rose more than $1 a barrel after U.S. data showed a surprise decline in inventories, suggesting a global glut may be ending after...

  • Feb 23- Boston Scientific Corp said on Thursday it was recalling its Lotus Valve heart devices, citing reports of problems with the locking mechanism, sending its shares down 8 percent in premarket trading. Boston Scientific had suspended implants of another valve system, Lotus Edge, in Europe last October over similar concerns. The company said it continues to...

  • Shares of Kohl's were up about 2 percent at $42.55 in premarket trading. "We saw improvement in merchandise margin, and our team continued to manage inventory and expenses extremely well," Kohl's Chief Executive Kevin Mansell said in a statement. Kohl's said on Thursday that its full-year sales could fall 1.3 percent or grow 0.7 percent, which translates to sales...

  • SYDNEY/ WELLINGTON Feb 23- Qantas Airways Ltd and Air New Zealand Ltd reported first-half profit declines as an expansion in capacity by rivals hit international airfares, but both airlines said they expect the fierce competition to moderate. Shares in the carriers climbed as Air New Zealand said it was already seeing a reduction in flights by Chinese...

  • TORONTO, Feb 22- Canada's main stock index fell the most in three weeks on Wednesday, pulling back from a record high set the day before, as lower commodity prices weighed on shares of energy and materials companies. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 92.15 points, or 0.58 percent, at 15,830.22. Six of the index's 10 main...

  • SAN FRANCISCO, Feb 22- Shares of Tesla were down almost 1 percent on Wednesday ahead of the electric car maker's first quarterly report following its $2.6 billion acquisition of solar panel installer SolarCity. Wall Street estimates for Tesla's fourth-quarter loss per share vary widely, potentially due in part to the deal. More recently, the Silicon Valley...

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months. At 11:03 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index fell 43.87 points, or 0.28 percent, to 15,878.50.

  • TORONTO, Feb 22- Canada's main stock index fell on Wednesday, pulling back from a record high the day before, as lower oil prices weighed on the shares of energy companies. The Toronto Stock Exchange's S&P/TSX composite index was down 26.47 points, or 0.17 percent, at 15,895.90, shortly after the open. Eight of the index's 10 main groups were lower.

  • As the most exposed among the major British banks to any downturn in the British economy, with 97 percent of its business in the UK, Lloyds has confounded expectations that last year's vote to quit the European Union would squeeze profits. Shares in Britain's biggest mortgage lender rose 3.8 percent by 0902 GMT, the best performing stock in the benchmark FTSE 100...

  • SHANGHAI, Feb 22- China's main share indexes rose for a third day on Wednesday to approach three-month highs, though gains were capped as speculators sold some recently-listed financial sector stocks. Shares in Jiangsu Wujiang Rural Commercial Bank tumbled 9.1 percent, the biggest one-day since it was listed in late November. Real estate stocks barely moved...

  • Feb 21- Tribune Media Co, one of the largest U.S. television station operators, said on Tuesday that activist investor Starboard Value LP had taken a 6.6 percent stake in the company. Tribune's shares were up nearly 2.5 percent at $34.54 in trading after the bell. Tribune had hired investment banks Moelis& Co and Guggenheim Securities as financial advisers early...

  • Feb 21- Drugmaker Bristol-Myers Squibb Co said on Tuesday it appointed three directors to its board in an agreement with JANA Partners LLC, an activist investor holding less than 1 percent of the company's stock. The stock fell 1.8 percent to $53.59 on Tuesday. New York- based JANA owned 3.9 million shares of Bristol-Myers as of Dec. 31, a $226 million stake well...