CNBC Utilities Page Companies

More

  • *Stocks rise in Europe and Asia after China data. LONDON, Jan 19- Shares in Europe and Asia rose and the dollar gained after data showing China's economy grew last year at its slowest pace in 25 years prompted investors to anticipate more efforts to spur growth. China's economy grew 6.9 percent last year, and 6.8 percent year-on-year in the fourth quarter, down from...

  • HELSINKI, Jan 19- U.S. biotechnology company Acorda Therapeutics Inc. announced on Tuesday an agreed $363 million cash bid for all of the shares in Finland's Biotie Therapies. The company will offer 0.294 euros for each Biotie share, a premium of about 95 percent compared with the closing price on Monday. Biotie shares had jumped 79 percent to 0.27 euros by 0824...

  • *Shares rise as much as 11.5 pct to $28.06. Jan 15- Revlon Inc's controlling shareholder and billionaire, Ron Perelman, said on Friday he would seek strategic alternatives for the cosmetics maker but did not detail a specific plan. Shares of the company, the owner of Charlie perfumes and Almay cosmetics, rose as much as 11.5 percent to $28.06.

  • Jan 15- Citigroup Inc reported a massive jump in quarterly profit as a sharp drop in legal costs and gains from the disposal of unwanted assets masked weak revenue from its core business. Shares of Citi, which was displaced by Wells Fargo& Co as the No.3 U.S. bank by assets, fell as much as 7.2 percent to a near three-year low of $42.11 on Friday. U.S. banks struggled to...

  • *Dialog will receive $137.3 mln breakup fee. FRANKFURT, Jan 15- Shares in Dialog Semiconductor Plc rose as much as 9 percent on Friday after it said it would not enter a bidding war for U.S. chipmaker Atmel Corp. By 0845 GMT Dialog shares were up 3 percent at 27.78 euros after rising as much as 9 percent.

  • An investor observes stock market at a stock exchange hall in Nanjing, Jiangsu Province of China.

    Possible clues to China's fate could be gauged from how the world reacted to Japan's economic malaise, according to HSBC economist Frederic Neumann.

  • *S&P 500 back above 1,900. Jan 14- A rally in battered energy shares led U.S. stocks to rebound on Thursday, while financials rose after upbeat results from JPMorgan Chase& Co.. Shares of Exxon Mobil surged 4.6 percent to $79.12 while Chevron jumped 5.1 percent to $85.47, among the biggest boosts to the Dow and S&P 500.

  • *S&P 500 reclaims key 1,900 mark. Jan 14- U.S. stocks rebounded sharply in late Thursday trading as investors snapped up battered energy and other shares, while financials rose after upbeat results from JPMorgan. "We are rallying now which is somewhat encouraging," said Daniel Morgan, senior portfolio manager at Synovus Trust Company in Atlanta, adding that he...

  • Shares of Progress Software, which has a market capitalization of around $1.2 billion, rose as much as 17 percent on the news. SolarWinds Inc, Solera Holdings Inc and Informatica Corp were among those that chose to go private last year to accelerate their transition to Internet-delivered services, known as cloud computing. Based in Bedford, Massachusetts,...

  • TOKYO, Jan 14- Japanese stocks fell on Thursday, giving up most of the previous day's gains as weak oil prices fanned fears about a slowdown in the global economy. Shares of Apple supplier Alps Electric Co Ltd tumbled 5.1 percent after Barclays cut its target price to 3,600 yen per share from 4,600 yen per share, citing projections for sluggish iPhone demand.

  • Oil refinery and storage Australia

    Prices have tanked 20 percent just two weeks into this year and are about 70 percent lower since the summer of 2014 when prices started declining.

  • NEW YORK, Jan 13- Direct-selling and e-commerce company Natural Health Trends Corp rejected allegations that Chinese authorities were investigating it, reversing a drop in its shares fueled by reports about raids in its offices in Beijing. Natural Health, whose subsidiaries sell personal care and wellness products under the NHT Global brand, said Chinese...

  • Traders work on the floor of the New York Stock Exchange.

    Pressure on global corporate credit ratings is at the worst level since the financial crisis, Standard & Poor's has warned.

  • A worker grabs a nozzle at a PTT gas station in Bangkok, Thailand, January 5, 2016.

    Oil is being slammed by a severe erosion in market confidence caused by the weak global environment, according to a top energy expert.

  • The business sells life insurance and other financial products across the United States, generating at least one fifth of MetLife earnings. Last January, the insurer asked a U.S. District Court to throw out the designation. MetLife's Chief Executive Steven Kandarian said in a statement on Tuesday the lagging retail section "risks higher capital requirements...

  • The company's shares rose 8 percent to $45.06 in after-market trading on Tuesday. Retail is part of a Systemically Important Financial Institution and risks higher capital requirements that could put it at a significant competitive disadvantage, "Chief Executive Steven Kandarian said in a statement. The new company, which will be led by executive vice...

  • The index was last up 0.2 percent, while shares of Exxon Mobil were up 1.6 percent at $74.88 and Chevron was up 1 percent at $81.61. "We managed to successfully close above it and that's bringing in some buying... from a very oversold condition," said Peter Cardillo, chief market economist at First Standard Financial in New York. Apple was up 1.2 percent at $99.75, while...

  • NEW YORK, Jan 11- Shares of WidsomTree Investments tumbled Monday after Goldman Sachs cut its rating and price target on the stock, putting the sponsor of exchange-traded funds on pace for its longest losing streak ever and casting doubt on its ability to recover quickly. On Monday Goldman lowered its rating to "sell" and cut its price target to $14.50 from $22 per...

  • *China stocks tumble 5 pct. NEW YORK, Jan 11- Global stock indexes fell on Monday, continuing a brutal start to 2016, as China's market tumbled again and the decline in oil prices worsened. Fears over China's economy contributed to last week's declines, and the main Shanghai stock indexes each ended down more than 5 percent on Monday.

  • LONDON, Jan 11- European shares inched down towards their lowest level in more than three months on Monday as doubts grew about Beijing's ability to manage the world's second-biggest economy. Britain's FTSE 100 declined 0.4 percent while Germany's DAX weakened by 0.3 percent. China let its yuan currency strengthen for a second straight session on Monday, in a...