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CNBC Utilities Page Companies

  • Feb 2- Ralph Lauren Corp said Stefan Larsson, its chief executive for just over a year, will step down on May 1 following disagreements with chairman Ralph Lauren over the direction of the luxury fashion brand. Ralph Lauren's shares were down 8.7 percent to $79.80 in premarket trading on Thursday. Stefan Larsson, a former head of Gap Inc's Old Navy division, was...

  • LONDON, Feb 2- European equities fell on Thursday, with companies such as Germany's Deutsche Bank and Denmark's Novo Nordisk leading the broader market lower after their results failed to cheer investors. The European auto index, down 1.2 percent, was the biggest sector decliner as Mercedes maker Daimler fell 4 percent after its fourth-quarter results missed...

  • FRANKFURT, Feb 2- German prosecutors said on Thursday they were investigating how far merger talks between Deutsche Boerse and the London Stock Exchange had advanced by the time Boerse's chief executive bought 4.5 million euros worth of shares in his company. The Frankfurt prosecutor's office said it suspected that Kengeter already knew about the...

  • NEW YORK, Feb 1- Arconic Inc Chief Executive Officer Klaus Kleinfeld, under pressure from hedge fund Elliott Management, on Wednesday defended the metal maker's performance since spinning off from aluminum producer Alcoa Corp. Arconic's stock soared to $25 on Wednesday, as investors bet that Elliott's pressure will drive the stock even higher.

  • Feb 1- "Things don't have to change the world to be important," Apple Inc co-founder Steve Jobs said in an interview in 1996.. Apple's shares rose as much as 5.8 percent to $128.30 early on Wednesday, their highest in 18 months, a day after the company dethroned Samsung Electronics Co Ltd as the world's top smartphone seller based on units shipped.

  • Feb 1- Shares of Invitation Homes Inc, which is backed by private equity firm Blackstone Group, rose as much as 1.6 percent in their market debut on Wednesday, valuing the largest U.S. home rental company at about $6.14 billion. The company raised $1.54 billion in its initial public offering on Tuesday, the largest by a U.S. real estate investment trust since...

  • Feb 1- Wall Street opened higher on Wednesday as Apple fueled a rally in technology stocks, while investors awaited the Federal Reserve's decision on interest rates. Apple's shares were up 5.1 percent at $127.40 after the company's earnings and iPhone sales blew past expectations in the latest quarter. "With a bellwether company such as Apple reporting an...

  • 74% of brands could disappear and consumers wouldn't care: Havas

    Dominique Delport, global managing director at Havas Media Group, discusses why only a handful of brands are genuinely "meaningful" to consumers.

  • Shares of the world's most valuable listed company were up 2.6 percent at $124.50 in after-hours trading on Tuesday. Revenue in the Greater China region fell 11.6 percent to $16.23 billion, highlighting Apple's struggles in a hotly contested smartphone market. The company also forecast revenue of between $51.5 billion and $53.5 billion for the current...

  • CHICAGO, Jan 31- Package delivery company United Parcel Service Inc on Tuesday posted a quarterly loss caused by a pension charge and said it would pull forward investments to boost the profitability of its rising e-commerce business. The company also gave a full-year profit forecast below analysts' expectations, helping push UPS shares down nearly 7 percent.

  • *Shares marginally up at $75.05 premarket. Eli Lilly said newer drugs generated sales of $706.7 million in the fourth quarter ended Dec. 31, up from $252.5 million a year earlier. "Newly launched products, including Trulicity, Cyramza, Jardiance and Taltz, led Lilly's volume-driven growth in 2016," said Chief Executive Officer David Ricks, who assumed the role on...

  • The Milwaukee- based company's shares were down nearly 4 percent at $55.65 in premarket trading on Tuesday. Shipments have been hurt as foreign competitors such as Japan's Honda Motor Co Ltd and Indian motorcycle maker Polaris Industries Inc have cut prices to entice new buyers. Harley's rivals also include Kawasaki Heavy Industries Ltd, as well as Germany's...

  • MILAN, Jan 30 (Reuters)- European shares ended lower on Monday, weighed down by losses among commodities-related stocks and financials, though speculation about merger and acquisition activity offered some support with Vodafone among the leading gainers. "Something had to be done and this merger might be the way to strengthen Vodafone's hand in the Indian...

  • Jan 30- Activist hedge fund Voce Capital Management LLC on Monday threatened it would start a proxy war at Air Methods Corp, saying the U.S. medical helicopter company needed an urgent change of directors and strategy. Air Methods, which has a market capitalization of $1.3 billion, could not be immediately reached for comment. The company's shares were down 1.5...

  • Jan 30- Keysight Technologies Inc, a provider of software and equipment to the electronics industry, said it would buy U.S. data technology company Ixia for about $1.6 billion, net of cash. Shares of Calabasas, California- based Ixia were up 5.5 percent at $19.20 in premarket trading on Monday. Santa-Rosa, California- based Keysight said the transaction would add to...

  • TORONTO, Jan 27- Canada's benchmark stock index slipped for a second straight day on Friday as oil prices fell and some heavyweight energy shares lost ground, while electronics manufacturer Celestica Inc jumped to a 12- year high. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 39.71 points, or 0.25 percent, at 15,575.81.

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more...

  • SAN FRANCISCO, Jan 27- Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of both Wal-Mart Stores and Kroger Co fell...

  • Chief Financial Officer Jason Aiken said the aerospace and defense company expected 2017 company-wide revenue to rise 2.5 percent to $31.35 billion to $31.4 billion. However, Aiken forecast revenue for the Marine Systems segment, which makes ships and submarines for the U.S. Navy, could decline to $7.9 billion a drop of 2.6 percent from 2016 levels.

  • LOS ANGELES, Jan 26- Starbucks Corp on Thursday trimmed its full-year revenue forecast and reported a smaller-than-expected rise in quarterly sales at established restaurants in the Americas, sending its shares down 3.8 percent in after-hours trade trade. Starbucks Chief Operating Officer Kevin Johnson told Reuters the disappointing Americas results...