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CNBC Utilities Page Companies

  • July 27- Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, three people familiar with the matter said on Thursday. CA shares fell 10.2 percent to close at $31.10 on Thursday, after the Wall Street Journal first reported that the...

  • July 27- Amazon.com Inc reported on Thursday a 77 percent slump in quarterly income and forecast a potential operating loss in the current quarter, as the company invests heavily in video content and in fast-growing economies such as India. The world's largest online retailer forecast an operating income of $300 million to a loss of $400 million for the...

  • TORONTO, July 27- Canada's main stock index eked out a small gain on Thursday, as higher oil prices broadly boosted energy stocks and Cenovus Energy Inc soared after saying asset sales could exceed its estimates, while Goldcorp Inc weighed as its earnings disappointed. The Toronto Stock Exchange's S&P/TSX composite index ended up 19.97 points, or 0.13 percent,...

  • July 27- Mattel Inc's quarterly sales and profit fell short of estimates as higher sales of Cars 3 toys failed to offset weak demand for the company's main brands such as Barbie and Fisher-Price in the United States. Shares of the company fell nearly 5 percent to $20.29 in aftermarket trading on Thursday. Mattel released its Cars 3 toys, miniature models of...

  • July 27- Amazon.com Inc reported a 77 percent slump in quarterly profit as the company invests heavily in areas such as video content and in fast-growing economies such as India. The shares touched a record high of $1,083.31 in regular trading, helping Chief Executive Jeff Bezos unseat fellow tech billionaire Bill Gates to become the world's richest person,...

  • MIRAMAR, Fla.— Shares of Spirit Airlines Inc. plummeted Thursday after the company said it lost $45 million because of flight cancellations caused by pilots and gave a discouraging revenue forecast for the rest of summer. In afternoon trading, the shares were down $9.84, or 20.1 percent, to $39.01. A federal judge ordered pilots back to work the day after canceled...

  • DELTA AIR LINES SHARES SLIP 2.25 PCT AFTER NEWS OF TRANS-ATLANTIC PARTNERSHIP WITH AIR FRANCE- KLM AND VIRGIN ATLANTIC.

  • July 27- Billionaire investor Bill Ackman's Pershing Square Capital Management has built a stake in business outsourcing company Automatic Data Processing Inc, Bloomberg reported on Thursday. ADP's shares rose as much as 12.3 percent to a record high of $118.96. Ackman has already bought shares in ADP and could acquire more through the new funds he filed...

  • July 27- Cenovus Energy Inc will have a sale agreement for its Suffield and Pelican Lake assets by the third quarter and its total divesture may exceed its C $5- billion estimate, the company said on Thursday as its shares surged after it posted a profit. The deal's architect, Chief Executive Brian Ferguson, who announced his exit last month after the market's...

  • July 27- Private equity-owned business software company BMC Software Inc has ended talks to merge with enterprise software maker CA Inc after struggling to arrange financing for the deal, a source familiar with the matter said on Thursday. CA shares were down 7.8 percent at $31.93 at midday, after the Wall Street Journal first reported that the talks with BMC...

  • MILAN, July 27- The biggest one-day drop in AstraZeneca shares following a drug study failure dominated stock trading in Europe on Thursday, outweighing a handful of well-received earnings results and sending indexes lower. The pan-European STOXX 600 index fell 0.1 percent higher and euro zone bluechips edged down 0.2 percent, while Germany's DAX dropped...

  • *Profit of 18 cents/ shr vs est 14 cents. July 27- The New York Times Co reported strong revenue growth and a better-than-expected quarterly profit on Thursday as the newspaper publisher signed up more digital subscribers, driven by fervent marketing, cost cuts and the so-called "Trump bump." The stock was up 3.5 percent at $19.00 in late morning trading.

  • NEW YORK— Verizon shares rose sharply Thursday after the company reversed course and added more customers who pay a wireless bill every month. Verizon added 614,000 wireless customers who pay monthly bills in the April-June quarter, similar to the 615,000 gained a year ago. Verizon Communications Inc. reported that second-quarter earnings of $4.36 billion,...

  • SEATTLE/ DETROIT, July 27- United Parcel Service Inc on Thursday reported a higher-than-expected quarterly net profit due to rising ecommerce deliveries but investors worried about the company's performance in the back-half of the year and shares fell 3.1 percent. Atlanta- based UPS posted second-quarter net income of $1.4 billion or $1.58 per share, up...

  • July 27- Shares of Facebook Inc touched a record high on Thursday on the back of overwhelmingly positive quarterly results, adding more than $27 billion to its market value. Wedbush was the most bullish, lifting its target by $40 to $225. "The strength of Facebook's mind-boggling results continued to be a testament to the platform's massive user base and...

  • *Qatar First Bank drops on Q2 loss. DUBAI, July 27- A slide in shares of Egypt's Juhayna Food Industries after it reported second-quarter earnings pulled down Egypt's stock market on Thursday, while Gulf bourses were mixed. Egypt's blue-chip index dropped 1.4 percent as Juhayna sank 4.2 percent after saying consolidated net profit attributable to...

  • TORONTO, July 27- Canada's main stock index gained in early trade on Thursday, boosted by the shares of a string of companies that beat earnings expectations, including Barrick Gold Corp and Cenovus Energy Inc.. The Toronto Stock Exchange's S&P/TSX composite index was up 55.43 points, or 0.37 percent, at 15,226.82 shortly after the open. All 10 of its main sectors...

  • DALLAS— Shares of Southwest Airlines fell 5 percent Thursday after the company offered a weak forecast for a key revenue figure in the third quarter. Southwest gave more evidence that the effort by U.S. airlines to push average fares higher may be faltering. Southwest said so-called unit revenue, the amount it gets for every seat flown one mile, was 1.5 percent...

  • July 27- Bristol-Myers Squibb Co shares fell 5 percent on Thursday as investors bet that a failed cancer-drug trial at AstraZeneca would have negative implications for Bristol-Myers' similar immunotherapy treatment regimen. The company's shares tumbled 5 percent in premarket trading to $53.26. "Its difficult to make direct comparisons or draw...

  • July 27- Verizon Communications Inc reported quarterly revenue that topped expectations on Thursday as the No. 1 U.S. wireless carrier attracted more subscribers with its unlimited data plan. Shares jumped 3.6 percent to $46.01 in premarket trading. Verizon's unlimited plan, priced at $80 a month for a single line, is more expensive than competing plans.