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CNBC Utilities Page Companies

  • TORONTO, May 29- Canada's main stock index was barely higher in morning trade on Monday, helped by boosts for several big banks that reported earnings last week and by a gain for plane and train maker Bombardier Inc.. Wheaton Precious Metals Corp fell 1.3 percent to C $27.75 and Goldcorp Inc lost 0.8 percent to C $18.32. BMO Capital upgraded the stock to outperform...

  • HONG KONG, May 29- Hong Kong stocks edged up on Monday, on which China markets were closed, with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities. China Evergrande Group Ltd led the surge in mainland property stocks after Morgan Stanley initiated coverage on the developer with "overweight".

  • May 26- Kite Pharma Inc on Friday said the U.S. Food and Drug Administration will review its experimental drug axicabtagene ciloleucel on a priority basis as a treatment for advanced non-Hodgkin lymphoma, a cancer that starts in white blood cells. The FDA's decision is expected by Nov. 29. Kite announced in March that it had completed the FDA filing.

  • LONDON, May 26- Shares in Alfa Financial, which provides software for the asset finance industry, rose sharply on their London Stock Exchange debut on Friday, making the listing London's biggest this year by market capitalisation. Uncertainty around Britain's future outside the EU single market has dampened investor confidence in the London IPO market this...

  • CUIABÁ, Brazil, May 25- Shares in JBS SA, the world's largest meatpacker, spiked on Thursday as speculation mounted over its strategy for weathering the fallout from a corruption scandal centered on its owners. The stock closed 23 percent higher, approaching levels last seen before the graft scandal rattled Brazil a week ago and leading gains on the benchmark...

  • ISSAQUAH, Wash.— Costco shares rose in after-hours trading after the warehouse club company reported earnings that topped Wall Street expectations. A key revenue figure that strips out the impact from brand-new stores rose 5 percent, with stronger growth in Costco's U.S. stores— 6 percent— compared with its much smaller number of international locations.

  • May 25- Shares of WideOpenWest Inc fell about 6 percent in their New York debut on Thursday, a day after the sponsor-backed cable company's offering was priced below expectations. The Englewood, Colorado- based company raised about $310 million in its initial public offering after 18.24 million shares were priced at $17 each. WideOpenWest had earlier expected...

  • TORONTO, May 25- Canada's main stock index rose in early trading on Thursday, boosted by sharp gains for shares of major banks whose quarterly earnings impressed investors. Canada's second-largest lender, Toronto-Dominion Bank, was up 2.2 percent at C $64.45. At 10:12 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was up 64.37 points, or 0.42...

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an all-time high on Thursday. Chief Executive Hubert Joly, speaking on a conference call, said Best Buy was "very mobilized" to maximize its gains...

  • May 25- Manulife Financial Corp, Canada's biggest life insurer, said Roy Gori, head of its Asia division, would succeed company veteran Donald Guloien as its chief executive officer. Gori's appointment comes at a time when the company is expanding in Asia as the region's burgeoning middle class looks to save and invest. The company's shares were up 1.2 percent at C...

  • CHICAGO, May 25- Best Buy Co Inc reported an unexpected rise in first-quarter comparable sales and the No. 1 U.S. electronics retailer said it planned to save $600 million in costs by the end of fiscal 2021, sending shares to an 11- year high on Thursday. The Richfield, Minnesota- based Best Buy, like home-improvement chain Home Depot Inc, has benefited as an improving...

  • CHICAGO, May 25- Best Buy Co Inc, the No. 1 U.S. electronics retailer, reported an unexpected rise in first-quarter comparable sales on Thursday, helped by demand for gaming and mobile products. Net income fell to $188 million, or 60 cents a share, in the three months ended April 29, from $229 million, or 70 cents per share a year earlier. Revenue climbed 1 percent to $8.53...

  • HILLIARD, Ohio _ Advanced Drainage Systems Inc. on Thursday reported a loss of $18.6 million in its fiscal fourth quarter. Advanced Drainage expects full-year revenue in the range of $1.27 billion to $1.33 billion. Advanced Drainage shares have increased almost 5 percent since the beginning of the year.

  • SHANGHAI, May 25- China stocks rose sharply on Thursday morning, as investors dump small-caps but swarmed into blue-chips, amid rising hopes that global index provider MSCI Inc will agree next month to add mainland shares to its benchmark. The market appears to have shrugged off Moody's downgrade of China's credit rating on Wednesday, after several senior...

  • Bunge shares were trading slightly higher at midafternoon at $82.09 after earlier touching a peak of $82.96, the highest since July 2015. Low commodity prices and a global glut of grain have squeezed core commodity trading operations for Bunge as well as rivals Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Co.. Bunge, with a nearly $11.5 billion...

  • EPS 72 cents vs. est. of 70 cents. Analysts polled by Consensus Metrix expected a 0.5 percent drop in the Americas and a growth of 1.3 percent in the Asia-Pacific region in the first quarter ended April 30. "Mainland China was very strong, but other parts of China were weaker and Macau and Hong Kong have been struggling now for a little while," Yarbrough added.

  • TORONTO, May 23- Canada's main stock index rose on Tuesday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares, as trading resumed a day after the Victoria Day holiday. Bank of Nova Scotia climbed 0.9 percent to C $76.17 and Toronto Dominion Bank gained 0.8 percent to C $63.57. "The banks are up today on the...

  • TORONTO, May 23- Canada's main stock index rose on Tuesday after the Victoria Day holiday Monday, bolstered by bank stocks ahead of the release of earnings reports and a surge in BlackBerry Ltd shares. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 18.48 points, or 0.12 percent, at 15,476.94. Just four of the index's 10 main groups...

  • The company did not say more about a potential offer that its Glencore Agriculture Ltd unit made to Bunge. Shares of Bunge surged earlier on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among...

  • May 23- Shares of Bunge Ltd surged on Tuesday after the Wall Street Journal reported that commodities trader Glencore Plc has approached the U.S. agribusiness group about a takeover. The report comes amid heightened expectations of consolidation among large grain traders as a global oversupply and thin trading margins have squeezed the core grain trading...