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CNBC Utilities Page Companies

  • Daimler CEO Dieter Zetsche

    The approval ratings of chief executives at major companies around the world have been released today.

  • *Forecasts adj. earnings of $13.20 to $14/ shr. Shares of the company, often considered a bellwether for the U.S. economy like rival United Parcel Service Inc, were marginally up at $210.6 in after-market trading on Tuesday. FedEx forecast adjusted earnings of $13.20 to $14 per share for fiscal 2018, excluding mark-to-market pension adjustments and expenses on...

  • TORONTO, June 20- Canada's main stock index closed sharply lower on Tuesday as energy stocks, weighed by a decline in oil prices, led the market's broad declines, while Cenovus Energy Inc shares tumbled after the company announced its chief executive was stepping down. The Toronto Stock Exchange's S&P/TSX composite index was down 116.44 points, or 0.8 percent, at...

  • *Germany's DAX hits fresh record high. LONDON, June 20- Stocks sensitive to the price of oil fell on Tuesday, putting pressure on European shares, with the pan-European benchmark ending lower after a strong start to the session. Britain's FTSE 100 index, the worst-performing major benchmark in Europe this year, fell 0.7 percent, hit by its heavy weighting in...

  • *Cenovus slumps 10.5 percent to C $9.20. TORONTO, June 20- Canada's main stock index fell on Tuesday as energy shares dived with oil prices, while Cenovus Energy Inc tumbled after the company announced plans to replace its chief executive. Cenovus said it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil...

  • TORONTO, June 20- Canada's main stock index fell on Tuesday as energy shares dived with oil prices, while Cenovus Energy tumbled 10 percent after the company announced plans to replace its chief executive. The Toronto Stock Exchange's S&P/TSX composite index fell 65.39 points, or 0.43 percent, to 15,200.65, shortly after the open. Six of the index's 10 main groups...

  • *Germany's DAX hits fresh record high. Germany's DAX hit a fresh record high on Tuesday, bolstered by another day of gains for tech and retail sectors. "What we are starting to see is the enthusiasm in the oil price that was bred by the OPEC cuts... diminish, and as that diminishes, people are once more paying attention the fundamentals and the heavy oversupply that we're...

  • Parexel is being acquired by Pamplona Capital Management in a $5 billion deal that will make the pharmaceutical contract researcher a private company. Shares of Parexel jumped more than 4 percent, to $87.60, before the opening bell. Parexel International Corp., based in Waltham, Massachusetts, provides clinical research, technology consulting and medical...

  • June 20- Hong Kong stocks fell on Tuesday as excitement over the city's plans for a new listing board for "new economy" companies waned, and investors shifted their attention to economic fundamentals. The Hang Seng index fell 0.3 percent, to 25,843.04, while the China Enterprises Index lost 0.5 percent, to 10,468.48 points. Shares of Hong Kong conglomerate CK...

  • *China- bound traffic higher as investors expect MSCI inclusion. SHANGHAI, June 20- China stocks barely moved on Tuesday morning as investors awaited a decision by U.S. index provider MSCI on whether to add mainland shares to its Emerging Markets Index. Northbound trading under the mainland- Hong Kong stock connect schemes has averaged a net inflow of 1.21...

  • TORONTO, June 19- Canada's benchmark stock index rose on Monday, extending its recovery from a six-month low last week, as heavyweight financial shares rallied and after Hudson's Bay Co got a boost from an investor request for the company to explore strategic options. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 73.50 points, or...

  • linger@ SAO PAULO, June 19- Brazilian stocks rose on Monday, supported by shares of miners and planemaker Embraer SA, though lingering concerns that a political crisis could delay structural reforms kept a lid on gains. Shares of miner Vale SA added the most points to Brazil's benchmark Bovespa stock index, tracking iron ore futures higher. Still, concerns...

  • June 19- Clovis Oncology Inc said on Monday late-stage data on its already-approved ovarian cancer drug showed that the treatment could benefit four times as many patients, sending shares of the U.S. biotech soaring 50 percent. Rubraca, like Tesaro Inc's Zejula and AstraZeneca Plc's Lynparza, belongs to a closely watched class of new medicines called PARP...

  • June 19- Billionaire investor John Paulson, whose hedge fund firm is the biggest owner of Valeant Pharmaceuticals International Inc shares, on Monday joined the ailing drug company's board as it restructures to repay debt. Investors appeared to see Paulson's becoming a director as a vote of confidence in Valeant, sending its U.S.-listed shares up 5.1. percent...

  • June 19- Shares of retailer Hudson's Bay Co climbed as much as 17 percent on Monday after U.S. activist investor Land& Buildings Investment Management LLC called for the Saks Fifth Avenue owner to explore strategic options, including going private. In a letter to the board of Hudson's Bay, Land& Buildings founder Jonathan Litt called on the company to consider...

  • OTTAWA, June 19- Canada's main stock index rose on Monday, lifted by shares of financial firms, while energy companies got a lift as oil prices steadied after coming under pressure over the past month.

  • HONG KONG/ SINGAPORE, June 19- A four-month credit extension for cash-strapped Noble Group Ltd sent the commodity trader's shares up almost 50 percent on Monday, though traders, analysts and industry sources warned the reprieve was likely to be only temporary. The Singapore- listed firm on Friday persuaded banks to extend a $2 billion credit line, due to be rolled...

  • HONG KONG/ SINGAPORE, June 19- A four-month credit extension for cash-strapped Noble Group Ltd sent the commodity trader's shares up almost 11 percent on Monday, though market watchers cautioned the extension was only temporary respite. The Singapore- listed firm persuaded banks to extend a $2 billion credit line, due to be rolled over by the end of the week, but...

  • TORONTO, June 16- Canada's benchmark stock index rose on Friday as energy shares rebounded with oil prices, offsetting losses for consumer staple companies on news that internet retailer Amazon.com Inc was buying Whole Foods Market Inc.. U.S. crude prices settled 28 cents higher at $44.74 a barrel as some producers reduced exports and U.S. rig additions slowed.

  • NEW YORK, June 16- Major U.S. stock indexes ended little changed on Friday even as Amazon.com' s $13.7 billion deal to buy upscale grocer Whole Foods roiled the retail sector and rocked shares of an array of companies including Wal-Mart and Target. Shares of Target, Walgreen Boots and Costco fell between 5 percent and 7 percent. "Its going to send a shock wave across...