CNBC Utilities Page Companies

  • May 16- Warren Buffett's Berkshire Hathaway Inc on Monday revealed a new stake in Apple Inc, in a bet that the stock price could rebound after iPhone sales fell for the first time. Berkshire held 9.81 million Apple shares worth about $1.07 billion as of March 31, according to a filing with the U.S. Securities and Exchange Commission detailing the company's...

  • MILAN, May 16- European shares fell on Monday with satellite operator Eutelsat and power station company Drax slumping after broker downgrades. Eutelsat, which plunged 27.6 percent on May 13 after the company cut its outlook, dropped a further 7 percent on Monday after Morgan Stanley cut its rating on the stock to "underweight" from "equal weight."

  • Amazon.com will soon be delivering new private label products to you.

    Amazon will launch new private-label brands in the coming weeks that will include the company’s first move into perishable food, the WSJ reports.

  • CFOs in the U.S. and Asia have the U.S. presidential race at the forefronts of their minds.

    China’s economy and the continued rise of Donald Trump are the two major issues on top of the minds of CFOs in Asia, a survey revealed.

  • Shares of the company, which also reported a surprise drop in comparable sales, fell 13 percent to $6.78 in premarket trading on Friday. Penney's net loss narrowed to $68 million, or 22 cents per share, in the quarter, from $150 million, or 49 cents per share, a year earlier. Analysts on average had expected a loss of 38 cents per share on revenue of $2.92 billion,...

  • MILAN, May 13- European shares lost ground on Friday, with satellite company Eutelsat plunging 30 percent after slashing its outlook, while weak oil prices also weighed on the region's stock markets. European markets have sagged in recent weeks, with some investors blaming strength in the euro and uncertainty before Britain's vote on June 23 on European Union...

  • Gunshots were heard in the offices of the Mayfull Food Corporation in Taipei, Taiwan. In a seventh-floor conference room, two men lay dead or dying.

  • *Asia ex- Japan shares head for third-straight weekly drop. TOKYO, May 13- Asian shares fell on Friday after a rocky performance on Wall Street, while the yen nursed losses as traders wagered the Bank of Japan will add to its massive stimulus before too long. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1 percent, and was track for a weekly drop of...

  • TOKYO, May 13- Asian shares got off on the back foot on Friday, while the yen nursed losses as traders wagered the Bank of Japan will add to its massive stimulus before too long. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3 percent in early trade, on track for a weekly loss of 0.4 percent. "Weaker yen and the quick rescue of Mitsubishi Motors by...

  • SAN FRANCISCO, May 12- Shares of Apple dropped below $90 on Thursday for the first time since 2014 as Wall Street worried about slow demand ahead of the anticipated launch of a new iPhone later this year. A mainstay of many Wall Street portfolios, Apple fell to as low as $89.47 before recovering slightly to end at $90.34, a 2.35 percent loss. "People are getting...

  • Shares of the company, which sells apparel and cosmetics from premium brands such as Armani, Stella McCartney and Valentino, tumbled 14 percent in extended trading on Thursday. The company cut its adjusted profit forecast for the year ending January 2017 to $2.50- $2.70 per share from $3.10- $3.35. For the first quarter, the company's net income fell by nearly...

  • *Apple drops to two-year low, weighs on indexes. May 12- U.S. stocks moved higher on Thursday, with gains in telecommunications and consumers staples outweighing a tumble in Apple to a two-year low. Apple Inc, a mainstay in many portfolios, was the heaviest drag on the three major indexes, slumping as much as 3.3 percent to $89.47, its lowest since June 2014, as worries...

  • SAN FRANCISCO, May 12- Shares of Apple dropped below $90 on Thursday for the first time since 2014 as Wall Street worried about slow demand ahead of the anticipated launch of a new iPhone later this year. A mainstay of many Wall Street portfolios, Apple fell to as low as $89.47 before recovering slightly to $90.13, a 2.55 percent loss. "People are getting negative data...

  • May 12- Wall Street lost its early gains on Thursday to turn negative in late morning trading after Apple fell to an almost two-year low. The stock was the biggest drag on the three major indexes, after falling as much as 3.2 percent to $89.56, its lowest since May 2014. "This week there is a lack of big macro news, so the market is hunting around for something to latch on to,"...

  • May 12- Department store operator Kohl's Corp reported a surprise drop in comparable sales and the first drop in net sales in six quarters as unseasonably cool weather hurt sales of spring wear amid a slump in demand for apparel. Shares of the company, which is known to be the most weather-sensitive among department store operators, were down 7 percent at $36 in...

  • May 12- Hong Kong's benchmark stock index fell to a 10- week closing low on Thursday, following a dismal day on Wall Street. Shares of online game developer Boyaa Interactive International Ltd slumped to a record low after the company said its chairman is being investigated by judicial authorities in China. Shares of Macau gambling stocks fell with MGM China...

  • Julie Brill, former Federal Trade Commissioner

    The court did the right thing by shredding the Staples-Office Depot deal, a former FTC commissioner said Wednesday.

  • Net income fell to $25.4 million, in the first quarter ended April 3, from $27.5 million a year earlier. On a per share basis, earnings rose to 9 cents per share from 7 cents per share as the company had fewer shares outstanding. Revenue fell to $378.8 million from $451.8 million.

  • Net income fell to $25.4 million, in the first quarter ended April 3, from $27.5 million a year earlier. On a per share basis, earnings rose to 9 cents per share from 7 cents per share as the company had fewer shares outstanding. Revenue fell to $378.8 million from $451.8 million.

  • LONDON, May 11- European shares slipped back on Wednesday, with outdoor advertising group JC Decaux among the worst-performers, as some weak earnings pushed the market lower after two previous days of gains. The pan-European FTSEurofirst 300 index and the European STOXX 600 index were both down by 0.4 percent. The FTSEurofirst 300 index is down 8 percent so far...