CNBC Utilities Page Companies

More

  • Feb 24- North Dakota oil producer Whiting Petroleum Corp said on Wednesday it will suspend all fracking and spend 80 percent less this year, the biggest cutback to date by a major U.S. shale company reacting to the plunge in crude prices. The cuts will have a big impact in North Dakota, where Whiting is the largest producer. Denver- based Whiting said it will stop...

  • Shares of the company, which also forecast a higher-than-expected adjusted profit for the full year, were up 2 percent at $75.50 in premarket trading. Target reported a net profit of $1.43 billion, or $2.32 per share, for the fourth quarter ended Jan. 30, compared with a loss of $2.64 billion, or $4.10 per share, a year earlier. Target forecast a full-year adjusted...

  • Feb 24- Hong Kong shares fell more than 1 percent on Wednesday, tracking global markets lower, with shares of energy companies again weighing on the benchmark index as oil prices skid. The Hang Seng index fell 1.2 percent to 19,192.45 points, while the China Enterprises Index lost 1.3 percent to 8,061.71. Energy shares tumbled 2.5 percent as oil prices fell after...

  • Two major credit ratings agencies said they are keeping their eyes on Noble Group after a profit warning.

  • TORONTO, Feb 23- Canada's main stock index gained on Tuesday, as a rebound in gold prices boosted miners of the precious metal and better-than-expected Bank of Montreal earnings lifted financial company shares. Bank of Montreal shares advanced 1.4 percent to C $74.90 after as it posted higher quarterly profits, boosted by growth in its U.S. retail banking...

  • LONDON, Feb 23- British engineering company Meggitt maintained its forecast for modest revenue growth this year, underpinning its stock price which soared on takeover speculation on Tuesday. Shares in the company, which issued a surprise profit warning in October and dropped out of Britain's blue-chip FTSE 100 share index in December, had jumped 11.3 percent...

  • Feb 23- PTC Therapeutics Inc's marketing application for its muscle disorder drug was not sufficient to merit a review, the U.S. Food and Drug Administration said, pushing the company's stock down about 40 percent before the bell. There is no FDA- approved therapy for the condition. The FDA rejected Biomarin's drug last month.

  • *4th- qtr sales $20.98 bln vs est $20.39 bln. *Earnings/shr $1.17 vs $1.05 last year. Shares of the company, which also raised its quarterly dividend by 17 percent and announced a $5 billion share buyback plan, rose 3.2 percent to $126.80 in premarket trading on Tuesday.

  • *4th- qtr sales $20.98 bln vs est $20.39 bln. *Earnings/shr $1.17 vs $1.05 last year. Shares of the company, which also raised its quarterly dividend by 17 percent and announced a $5 billion share buy back plan, rose 2.6 percent to $126.04 in premarket trading on Tuesday.

  • Shares of the company rose 2.3 percent to $125.74 in premarket trading on Tuesday. Sales at established stores in the United States rose 8.9 percent in the fourth quarter ended Jan. 31. Net earnings rose to $1.47 billion, or $1.17 per share, in the quarter, from $1.38 billion, or $1.05 per share, a year earlier.

  • An Apple iPhone 5S with fingerprint technology security.

    The U.S. Justice Department wants Apple to help investigators extract data from twelve iPhones, the Wall Street Journal reported Tuesday.

  • Dry bulk ship owners will need to idle or demolish their ships to tide over excess capacity that has sent freight rate plunging.

  • Feb 22- Wearable fitness device maker Fitbit Inc forecast current-quarter profit way below Wall Street expectations, as the company invests heavily to market its new products, sending its shares down 15 percent in after-hours trading. Fitbit said on Monday it expects adjusted profit of break-even to 2 cents per share for the quarter ending March, lagging...

  • TORONTO, Feb 22- Canada's main stock index gained on Monday, as energy shares rose on a jump in oil prices and several major banks benefited from investor positioning ahead of quarterly earnings this week. Major oil sands operator Suncor Energy Inc gained 2.2 percent to C $33.57 and Canadian Natural Resources rose 2.9 percent to C $28.90. Toronto-Dominion Bank...

  • *Break above $1,790 in zinc to spur further buying. Investor buying lifted industrial metals along with oil and equity markets, including shares in China, the world's top consumer of metals. Three-month zinc on the London Metal Exchange climbed 2 percent to $1,778.50 a tonne by 1040 GMT, the strongest since Oct. 23, extending near 3 percent gains on Friday.

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

    The plunge in oil prices was supposed to help consumers by boosting their disposable incomes. Things aren't quite going according to plan.

  • Brazil@ SAO PAULO, Feb 19- The Colombian peso slid on Friday amid falling oil prices, while Brazil and Mexico's currencies posted gains. In Colombia, the currency weakened 0.44 percent to 3354.1 pesos per dollar. Brazilian stocks rebounded after dropping earlier in the day as oil prices resumed their decline, while shares of Santander Brasil SA slumped after...

  • TORONTO, Feb 19- Canada's main stock index fell on Friday, led by a drop in health care, energy and financial sector stocks, as crude oil prices tumbled and domestic retail sales disappointed. It included a 9.6 percent slide in the shares of Valeant Pharmaceuticals International Inc to C $117.00. Signs of weaker economic growth has joined uncertainty related to...

  • Feb 19- Yahoo Inc, under pressure from impatient investors, took steps on Friday to handle the possible sale of parts of the struggling Internet company. The step followed more than three years of effort by CEO Marissa Mayer to turn around Yahoo, focusing on mobile apps and trying to boost advertising revenue. Yahoo shares rose 2.26 percent to $30.09 in midday...

  • CALGARY, Alberta, Feb 19- Enbridge Inc, Canada's largest pipeline company, reported a higher-than-expected quarterly profit on Friday and said it will defer C $5 billion in spending from this year and next until 2018 due to project delays. Shares of Enbridge, whose customers have been hard hit by the collapse of crude oil prices, fell 1.1 percent to C $42.92 on the...