CNBC Utilities Page Companies

  • July 25- SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company. TerraForm Power shares rose 6.7 percent to $13.34 in light premarket trading on Monday. TerraForm Power had 80 million Class A shares and 60.4 million Class B shares outstanding as of Oct. 31,...

  • STOCKHOLM, July 25- Swedish mobile telecoms gear maker Ericsson ousted Hans Vestberg as chief executive on Monday, a move led by major shareholders after months of criticism of Vestberg's leadership and pay. Chief Financial Officer Jan Frykhammar was named acting chief executive while the company searches for a successor to Vestberg, CEO since 2010, who...

  • The Kyoto- based gaming company, which is due to report first-quarter results this week, surprised markets with a statement on Friday that income garnered through its 32 percent stake in affiliate Pokemon Company, which owns the licensing rights, would be limited and that it did not plan to revise its earnings outlook for now. "The market has overreacted to the...

  • TOKYO, July 25- Shares of Nintendo Co tumbled as much as 18 percent early on Monday after the company said smash-hit mobile game Pokemon GO would have only a limited impact on its earnings. Nintendo said its affiliate Pokemon Co receives licensing and fees from the game's developer, Niantic Inc, and that profits at Nintendo from those revenues would be limited.

  • Mexico's blue-chip IPC stock index rose 0.36 percent, driven by financial services and retail company Grupo Elektra, which rose more than 8 percent a day after it posted stronger quarterly results. Brazil's benchmark Bovespa stock index tracked the S&P 500 higher, with shares of Localiza Rent a Car SA leading the gains. Currencies such as Brazil's real and...

  • July 22- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a smaller-than-expected quarterly loss on Friday as its focus on fewer, more efficient resource plays helped reduce production costs. The strong results sent shares up 2.66 percent to C $15.83 on the Toronto Stock Exchange, even as the Calgary- based company rushed to clean up after oil...

  • *Spain's Banco de Sabadell slumps after profit warning. LONDON, July 22- European stock markets slipped on Friday, weighed down by falls at Spain's Banco de Sabadell, though Vodafone gained after its update. The STOXX 600 index is up by around 10.5 percent from a low point reached in June in the immediate aftermath of Britain's shock vote to quit the European Union,...

  • July 22- Wall Street was set to open slightly higher on Friday, a day after the Dow ended a nine-session gaining streak and as investors assessed earnings reports from a host of industrial companies including GE. Dow component GE's shares fell 2.3 percent to $31.85 premarket after the company reaffirmed its full-year operating forecast.

  • LONDON, July 22- European stock markets slipped on Friday, weighed down by falls in mining companies and Swedish construction group Skanska. The STOXX 600 index is up by around 10 percent from a low point reached in June in the immediate aftermath of Britain's shock vote to quit the European Union, but the index remains down by around 7 percent since the start of...

  • LONDON, July 22- European stock markets fell on Friday, weighed down by a drop in the shares of mining companies and a fall at Swedish construction company Skanska. The pan-European STOXX 600 and the similar FTSEurofirst 300 were both down by 0.4 percent. The STOXX 600 index is up by around 10 percent from a low point reached in June in the immediate aftermath of...

  • *Shares of Nintendo, McDonald rise on Japan release of Pokemon GO. TOKYO, July 22- Japan's Nikkei share average remained on track for a weekly rise but slipped on Friday, as investors took profit after recent gains and the yen strengthened on waning expectations of radical monetary policy easing from the Bank of Japan. But Bank of Japan Governor Haruhiko Kuroda's...

  • July 21- Elon Musk's latest "master plan" for Tesla Motors Inc to develop an electric commercial truck, a public bus, a pickup and systems to enable fully autonomous driving could cost $2 billion to $3 billion or more, experts and analysts said Thursday. However, analysts said it is likely Tesla will have to go back to investors for more capital to fund the plan, despite...

  • "While it has only been a few weeks since Chiptopia launched, we are pleased to see that July sales comp trends have already improved by 200 to 300 basis points, and transaction comp trends have improved by an even greater amount," said co-CEO Steve Ells. Chipotle's net income slumped to $25.6 million, or 87 cents per share, in the second quarter ended June 30, from...

  • TORONTO, July 21- Canada's main stock index rose to an 11- month high on Thursday as mining stocks rallied and strong earnings reports boosted the shares of Rogers Communications Inc and Encana Corp.. The index has rallied 12 percent year-to-date, outperforming Wall Street and many other major markets. "Canada is actually in OK economic shape relative to other...

  • July 21- Chipotle Mexican Grill Inc reported a bigger-than-expected drop in quarterly comparable restaurant sales as demand continued to be hurt by a spate of food-borne illnesses linked to its outlets. The company's shares were down 2 percent in after-market trading on Thursday. Chipotle's net income slumped to $25.6 million, or 87 cents per share, in the...

  • SAO PAULO, July 21- Shares in Brazil's largest listed banks posted their biggest decline in a month on Thursday on concerns about the financial health of Odebrecht SA, the engineering group that is embroiled in a large corruption scandal, despite a denial by the company that it would seek an accommodation with creditors. In a statement, Odebrecht denied plans to...

  • July 13- Chipotle Mexican Grill Inc reported a bigger-than-expected drop in quarterly comparable restaurant sales as demand continued to be hurt by a spate of food-borne illnesses linked to its outlets. The company's shares were down 2 percent in after-market trading on Thursday. Chipotle's net income slumped to $25.6 million, or 87 cents per share, in the...

  • July 21- Johnson Controls Inc, a multi-industry U.S. manufacturer, on Thursday reported higher-than-expected quarterly earnings and said it would complete its purchase of Tyco International Plc sooner than planned. Its shares were up 2.5 percent in afternoon trading, while Ireland- based Tyco gained 3.4 percent. Johnson Controls, which will be domiciled in...

  • TORONTO, July 21- Rogers Communications Inc, Canada's biggest wireless provider by subscribers, posted better-than-expected quarterly profit as it added more postpaid wireless and internet subscribers, sending its shares up 4 percent on Thursday. The Toronto- based cable, telecom and media company said it added 65,000 postpaid wireless subscribers in the...

  • *2nd- qtr profit $1.19/ shr vs est. Chief Executive Gary Kelly, in an interview to CNBC, termed the glitch "unusual". "The technology is restored as of about 1 a.m. or 2 a.m. this morning and now the operation just needs some time today to catch up," he said.