CNBC Utilities Page Companies

More

  • "Zilretta has the potential to become an important new non-opioid treatment in a therapeutic area that hasn't seen meaningful innovation in many years," Chief Executive Officer Michael Clayman said, adding that the company is now preparing to submit a marketing application for the drug. "I think this blows a lot of the current therapies out of the water if you...

  • Feb 16- Private equity firm Apollo Global Management LLC will buy ADT Corp in the biggest leveraged buyout so far this year to create a business with nearly a third of North America's electronic security products market. Shares of ADT, which makes burglary alarm and video surveillance systems for homes and businesses, jumped as much as 53.7 percent to $41.30 on...

  • *Adjusted profit of 35 cents/ shr vs est of 29 cents/ shr. Shares of the Ontario- based company, which reported a better-than-expected quarterly profit on Tuesday, rose as much as 9 pct to C $48.24 on the Toronto Stock Exchange. The company also raised its quarterly dividend by 1 cent to 14 cents per share.

  • *EDF CEO says now very close to taking Hinkley Point decision. PARIS, Feb 16- EDF shares jumped more than 10 percent, their biggest rise since 2008, after the French utility company eased worries about its ability to finance nuclear projects including Britain's Hinkley Point. The firm also reaffirmed its forecast to return to positive cash flow after dividend...

  • Feb 16- Electronic security services provider ADT Corp said it had agreed to be acquired by funds affiliated with private equity firm Apollo Global Management LLC for $7 billion. ADT shares rose 45 percent to $39 in premarket trading on Tuesday, but were below the cash offer price of $42. ADT had 166 million diluted shares outstanding as of Dec. 31.

  • Join CNBC for access to senior executives from Sukhoi, Rockwell Collins and more as they speak first to us at the Singapore Airshow 2016.

  • *Gold stocks in China surge on rising gold prices. SHANGHAI, Feb 15- China stocks fell on Monday morning, but losses were mitigated by a sharply stronger yuan and a surge in gold shares after the market reopened from the week-long Lunar New Year holiday. A slump in Chinese-listed shares in Hong Kong and a global sell-off last week driven by falling commodity prices...

  • *U.S. oil settles up 12 pct on renewed talk of OPEC cut. U.S.-listed shares of Deutsche Bank were up 11.3 percent at $17.27, while the S&P financial index rallied 3.8 percent. "Europe was strong, especially the banks, and that appeared to have some positive carryover effect on banking stocks here in the U.S.," said John Carey, portfolio manager at Pioneer Investment...

  • Feb 12- Chinese Internet search company Baidu Inc said it received an offer for its 80.5 percent stake in online video company Qiyi.com Inc from the chief executives of the two firms. Shares of Baidu, sometimes referred to as China's Google, rose 4.1 percent to $147.21 in premarket trading on Friday. Qiyi has an enterprise value of $2.8 billion, Baidu said in...

  • COPENHAGEN, Feb 12- Shares in Denmark's GN Store Nord jumped as much as 15 percent on Friday after its financial results met forecasts following previous misses, legal problems and fears over the performance of one of its units. GN's shares were up 11.5 percent at 124.40 Danish crowns at 1211 GMT. Brand analyst Michael Friis Jorgensen said.

  • COPENHAGEN, Feb 12- Shares in GN Store Nord, the Danish hearing aid and headset maker, jumped more than 10 percent on Friday after fourth-quarter results met forecasts, following problems in previous months. The company reported quarterly earnings before interest, tax and amortisation of 522 million Danish crowns, compared with analysts' average forecast of...

  • CBS and other media companies are under pressure to show they can survive and thrive as younger viewers turn away from traditional television. "I don't think there is anything in the numbers that doesn't suggest that the strength of the business remains good," Evercore ISI analyst Vijay Jayant said of CBS. CBS will continue "business as usual," he told analysts.

  • TORONTO, Feb 11- Telus Corp, one of Canada's three big telecom providers, reported a 16 percent drop in fourth-quarter profit on Thursday, hurt by increased wireless competition and sagging demand, partly due to economic weakness in the oil-producing province of Alberta. Shares in the Vancouver- based company were down 1.2 percent at C $39.37 in early afternoon...

  • Tesla's shares rose as much as 14 percent to $163.26 on Thursday morning, a day after Chief Executive Elon Musk promised that the company would start making money this year. While the company surprised investors with the strength of its vehicle sales forecast, some Wall Street analysts said the target was ambitious and that Tesla's cash burn rate remained a...

  • Feb 11- Tesla Motors Inc's shares rose as much as 8 percent in premarket trading on Thursday after the electric luxury car maker forecast a big jump in vehicle sales this year, a target some Wall Street analysts found ambitious. The company's shares rose to $155 despite a bigger fourth-quarter loss, as Chief Executive Elon Musk promised investors on Wednesday...

  • LONDON, Feb 11- Shire, the London- listed drugmaker buying Baxalta International for $32 billion, reported a better-than-expected 13 percent rise in fourth-quarter earnings on Thursday, helped by strong sales of its ADHD treatment Vyvanse. The London- listed company clinched its biggest acquisition to date in January, with a cash and shares deal to buy the...

  • Cramer Remix: Why companies are scared of IPOs

    “Mad Money” host Jim Cramer explains what’s stopping companies from going public this year.

  • *Silicon Valley carmaker plans 60-80 pct vehicle sales growth. Feb 10- Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Musk said Tesla would generate positive cash...

  • On Wednesday Deutsche Bank, which had fallen more than 50 percent from its 2015 peaks, rose 10 percent from its Tuesday low after reports the company plans to buy back bonds. Similarly, mining shares in the FTSE 350 index, which fell as much as 60 percent since 2015 highs, recently jumped 25 percent in less than three weeks. "Rarely do those stocks that lead us down into a...

  • Feb 10- In a conference call after the company's disappointing results on Tuesday, Viacom Inc Chief Executive Philippe Dauman, among other things, said he was "focused on getting Viacom's stock price back" to levels it had been "just a short time ago." Shares of Viacom are down 64 percent from their peak in July 2014, a period when it was heavily repurchasing its shares.