CNBC Utilities Page Companies

More

  • March 24- Activist hedge fund Starboard Value LP, an investor in Yahoo Inc, said it was seeking to remove the entire board of the struggling Internet company. Yahoo's shares were up 0.7 percent at $35.03 in premarket trading. Shareholders have until March 26 to submit nominations for board members to be elected at Yahoo's annual meeting this spring.

  • March 24- Hong Kong shares fell on Thursday as sliding oil prices weighed on energy stocks and as investors booked profits ahead of the long Easter weekend. The energy sector dropped 2.6 percent, with oil giants Sinopec Corp and PetroChina tumbling 2.6 percent and 4.3 percent, respectively. Hong Kong markets will be closed on Good Friday and Easter Monday.

  • Chinese laborers repair an oil pumping unit at Huabei oil field.

    PetroChina is “substantially overstaffed,” said Bernstein’s senior oil and gas analyst, Neil Beveridge.

  • The resource sector is seeing signs of recovery, but investment bank Goldman Sachs is still underweight on the segment's stocks.

  • A container vessel docks at the Tanjong Pagar Terminal in Singapore.

    Layoffs in Singapore have hit their highest levels since the global financial crisis due to sustained low oil prices hits.

  • TORONTO, March 23- Canada's main stock index fell on Wednesday to a one-week low as lower commodity prices pressured energy and mining stocks, while insider trading charges sank the shares of Amaya Inc.. First Quantum Minerals Ltd fell 16.3 percent to C $6.92 and Teck Resources Ltd dropped 13.4 percent to C $9.65, as copper and other metal prices moved lower.

  • WASHINGTON, March 23- Washington, D.C., regulators on Wednesday approved power company Exelon Corp's merger with Pepco Holdings Inc, the Washington Post reported. Pepco's shares rose $5.92 to $27.16 while Exelon's shares fell $0.16 to $34.84. The deal has already won approval from Delaware, Maryland, New Jersey, Virginia and the U.S. Federal Energy Regulatory...

  • March 23- Yum Brands Inc, the owner of the KFC and Pizza Hut chains, is in talks with private equity company KKR& Co LP and others about a possible sale of a 19.9 percent stake in its China business, CNBC reported, citing Dow Jones. The stake values the China business at about $10 billion, the report said. Yum's shares were up 2.3 pct at $80.80 at midday.

  • TORONTO, March 23- Canada's main stock index fell on Wednesday as gold miners and other materials stocks weighed with lower gold and other commodity prices, and insider trading charges sunk Amaya shares. Shares in gambling website operator Amaya Inc fell 21.5 percent to C $14.57, after its chief executive was charged with insider trading by Quebec's...

  • *Asia ex- Japan fall, Nikkei surrenders gains. SINGAPORE/ TOKYO, March 23- Asian shares slipped in subdued trading on Wednesday as investors pulled back on positions ahead of the long Easter weekend, opting for caution following the suspected Islamic State suicide bomb attacks in Brussels. Financial markets took in their stride news of the attacks in Brussels...

  • The oil market is reaching some stability after earlier volatility, the vice chairman of Saudi petrochemicals giant SABIC said.

  • TORONTO, March 22- Canada's main stock index fell on Tuesday, led by losses for financial stocks as deadly blasts in Brussels prompted a flight towards safe-haven assets such as gold, helping boost shares of gold miners. Thirty-four people were killed in attacks on Brussels airport and a rush-hour metro train in the Belgian capital on Tuesday, according to...

  • An iron ore oversupply still needs to "work through the system," Fortescue chairman Andrew Forrest warned.

  • TORONTO, March 21- Canada's main stock index ended higher on Monday, helped by rising financial and telecom stocks and by a surge in Valeant Pharmaceuticals International Inc after it parted ways with its CEO and invited an activist investor to its board. Valeant shares settled up 8.5 percent at C $37.90 after it said its chief executive, Michael Pearson, would...

  • TORONTO, March 21- Canada's main stock index rose on Monday as Valeant Pharmaceuticals International Inc's shares surged after the drugmaker added an activist investor to its board. Valeant shares were up 12.3 percent at C $39.22 after Chief Executive Officer Michael Pearson stepped down and the company appointed William Ackman to its board.

  • March 21- Embattled Canadian drugmaker Valeant Pharmaceuticals International Inc said on Monday that Chief Executive Michael Pearson will step down and that the company appointed activist investor William Ackman to its board. Shares rose 3.8 percent to $28 in early trading. The company said it had started a search for a successor to Pearson, who used a...

  • FRANKFURT, March 21- Shares in German drugs and pesticides maker Bayer rose more than 5 percent on Monday after sources close to the matter told Reuters that Monsanto was interested in a deal with its crop science business. Bayer's shares gained as much as 5.4 percent on Monday, and at 1235 GMT were up 3.2 percent at 102.45 euros, a 7- week high. Bloomberg at the...

  • A share price board at the stock exchange in Sydney.

    Elmer Funke Kupper has resigned with immediate effect as MD and CEO of the Australian Securities Exchange, to focus on an police investigation.

  • Sir Martin Sorrell

    China is playing a bigger role on the world stage, as entrepreneur-driven firms snag assets abroad, according to WPP CEO Martin Sorrell.

  • March 18- A group of former Affymetrix Inc executives offered to buy the gene testing and analysis provider for about $1.5 billion, looking to derail the company's deal with Thermo Fisher Scientific Inc.. The company's shares rose above the offer price to $16.15, before giving back some of the gains to be up at $16.04 in afternoon trading. The bid from Origin...