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CNBC Utilities Page Companies

  • April 30- Caterpillar Inc shares rose 8 percent over the past week on strong first quarter earnings but could rise another 20 percent over the next year, including the 3- percent dividend, Barron's wrote over the weekend. The manufacturer had made a big bet on mining, paying $8.6 billion including debt for Bucyrus International. Despite the positive results, Wall...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • MONTREAL/ NEW YORK April 28- Bombardier Inc shares fell as much as 5.45 percent on Friday after Boeing Co sought a U.S. anti-dumping probe against the company, adding to growing trade tensions between the United States and Canada. Boeing's actions came days after the Commerce Department imposed duties averaging 20 percent on imports of Canadian softwood...

  • U.S. stocks closed modestly lower Friday, ending just short of another milestone for Wall Street. So far, earnings have been mostly exceeding Wall Street's expectations. "The market is worried that the second quarter perhaps will see continued weakness, and that's part of the tug-of-war we're seeing in the market," said Quincy Krosby, market strategist at...

  • Chevron reported first-quarter net income of $2.68 billion, or $1.41 per share, in the first three months of the year, compared with a loss of $725 million, or 39 cents per share, in the same period a year ago. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Shares of Chevron Corp. rose 73 cents to...

  • April 28- Shares of Cloudera Inc surged as much as 24 percent in their stock market debut on Friday, the latest in a string of technology initial public offerings this year, giving the big-data analytics company a market value of about $2.3 billion. Cloudera's offering of 15 million shares was priced at $15 per share, above its expected range of $12- $14, and raised...

  • The stock fell more than 9 percent in Toronto trading to C $12.92, even though Cameco maintained its full-year guidance for deliveries and revenue. Tokyo Electric Power, the operator of Japan's wrecked Fukushima nuclear plant, scrapped its uranium supply contract with Cameco, the company said in February. "While the market will view the earnings miss as a...

  • NEW YORK— Time's stock tumbled Friday after the publisher said its board is not considering a sale of the company. The New York- based company said that a number of parties expressed interest in the business. Time Inc. shares ended the day down $3.10, or 17 percent, at $15.20.

  • April 28- Shares of Carvana Co, which uses vending machine-like towers to sell used cars, fell 10 percent in their debut. The company's shares opened at $13.50 on Friday, below the IPO price of $15, which valued the company at about $2 billion. Carvana sells cars through its website and also provides financing.

  • GENEVA— Swiss bank UBS has reported a near doubling in its first quarter net profit to 1.3 billion francs, as its wealth management and investment banking operations grew. CEO Sergio Ermotti said Friday that "our very strong results in the first quarter highlight the power and potential of our franchise." Shares in UBS AG in Zurich were up 3.3 percent to 17.20...

  • DETROIT, April 28- General Motors Co on Friday reported better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading. "We are executing our plan and it's delivering results," Chief Financial Officer Chuck Stevens told...

  • April 28- Time Inc said on Friday its board had evaluated a number of expressions of interest but decided to pursue its own strategic plan, sending its shares down 19 percent in premarket trading. The publisher of Sports Illustrated and People magazines said the board would continue to pursue its strategic plan, which includes changes to its cost structure.

  • DETROIT, April 28- General Motors Co on Friday reported a much better-than-expected first-quarter net income driven by strong sales of its profitable large pickup trucks and crossovers in the United States, sending its shares up nearly 2 percent in premarket trading. Vehicle sales rose slightly in Europe, where it has agreed to European Opel and Vauxhall...

  • The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the three month period, up from $1.81 billion, or 43 cents per share, a year earlier. Exxon's revenue surged to $63.29 billion from $48.71 billion, but fell short of the $64.35 billion that analysts polled by Zacks were calling for. Shares of Exxon Mobil Corp. rose 76 cents to $82.02 in Friday...

  • *Profit rise driven by credit cards, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under its American Chief Executive Jes Staley.

  • *CFO Jennifer Li to step aside for new role as Baidu Capital chief. BEIJING, April 28- Baidu Inc on Friday forecast second-quarter revenue largely below estimates as the Chinese internet company continues to grapple with Beijing's restrictions on its lucrative medical advertisements segment, sending its shares down six percent in extended trading.

  • April 27- Microsoft Corp on Thursday reported quarterly revenue that slightly missed Wall Street estimates as it suffered a sharp dip in sales of its Surface tablets and laptops. For the fiscal third quarter, ended March 31, overall revenue on an adjusted basis climbed 6 percent to $23.56 billion, but missed analysts' average estimate of $23.62 billion.

  • LOS ANGELES, April 27- Starbucks Corp reported quarterly sales that just missed Wall Street's expectations, hurt by a slight cooling in spending growth by customers in its core U.S. market, sending shares down 4.4 percent in extended trading on Thursday. Kevin Johnson, who this month succeeded Howard Schultz as chief executive officer, said the company is on...

  • The company said it expects second-quarter revenue of 20.47 billion yuan to 20.98 billion yuan, while analysts were expecting revenue of 20.84 billion yuan, according to Thomson Reuters I/B/E/S. Baidu also said Jennifer Li would step down as chief financial officer to become chief executive at its investment firm Baidu Capital. Net income attributable to...

  • Alphabet's net income rose to $5.43 billion, or $7.73 per Class A and B shares and Class C capital stock, in the first quarter ended March 31 from $4.21 billion, or $6.02 per share, a year earlier. Shares of the company rose 2.8 percent to $916.80 after the bell on Thursday. For a company of Googles size to post the growth that it has is just a testament to the quality and...