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CNBC Utilities Page Companies

  • Bill Gross

    "Bond king" Bill Gross has given his backing to the proposed merger between his employers, Janus Capital, and U.K.-based Henderson Global Investors.

  • Fund management firms Janus Capital and Henderson Global Investors have agreed an all-share merger.

  • TOKYO, Oct 3- Japanese stocks rose on Monday as global risk asset markets took heart from easing concerns over the health of Deutsche Bank, triggering a relief bounce in financial sector shares. The Nikkei rose 0.9 percent to 16,598.67 points after losing 1.5 percent on Friday. One of the biggest decliners was Kawasaki Heavy Industries Ltd, which fell 11 percent...

  • Sept 30- Wall Street extended gains on Friday as a bounce in Deutsche Bank's shares helped lift financial stocks amid broad gains across sectors. Deutsche Bank's U.S-listed stock surged 12.3 percent after French news agency AFP reported that the bank was nearing a settlement with the U.S. Department of Justice regarding mortgage bonds.

  • Price jumps in China's top tier cities have many worried about an asset bubble, but there’s still "some way to go" on prices, a strategist told CNBC.

  • *Fed Chair Janet Yellen to speak at 4:00 p.m. ET. Sept 29- Wall Street was lower in choppy trading late Thursday morning after two straight days of gains, pulled lower by Apple and healthcare stocks. The stock was the biggest drag on Wall Street.

  • Sept 29- Alcobra Ltd's market value more than halved on Thursday, a day after the company said the U.S. Food and Drug Administration had placed a hold on its lead experimental drug. Shares of the Israel- based company fell as much as 58 percent to a record low of $1.95. The disorder affects about 4.1 percent of American adults aged 18 and above in a given year, and 9...

  • Vehicles stand halted on the assembly line at the Hyundai Motor Co. plant during a strike by the company's labor union in Ulsan, South Korea, on Tuesday, Aug. 20, 2013.

    Hyundai Motor is no stranger to worker strikes but the current episode, its biggest ever, is raising alarm bells.

  • TORONTO, Sept 28- BlackBerry Ltd will outsource the development and design of its smartphones, a product category it helped pioneer and popularize, as the Canadian company bets on software and managing rival devices, it said on Wednesday. The company signed a deal with Indonesia's BB Merah Putih to manufacture, distribute and promote its branded devices in that...

  • TORONTO, Sept 28- Canada's main stock index rose on Wednesday, led by the country's heavyweight bank shares, while BlackBerry Ltd rallied after announcing a strategic shift away from hardware. Some of the most influential movers on the index were the country's bank stocks, including Royal Bank of Canada, which rose 0.7 percent to C $81.34, and Toronto-Dominion...

  • TORONTO, Sept 28- BlackBerry Ltd will outsource the development and design of its smartphones, a product category it helped pioneer and popularize, as the Canadian company bets on software and managing rival devices, it said on Wednesday. The company signed a deal with Indonesia's BB Merah Putih to manufacture, distribute and promote its branded devices in that...

  • TORONTO, Sept 28- BlackBerry Ltd will outsource the development and design of its flagship smartphone, an industry it helped pioneer, as it bets its future on software and services, the Canadian technology company said on Wednesday. The company also said Chief Financial Officer James Yersh would leave effective Oct. 1 for personal reasons, with former Sybase...

  • Rice Energy shares slid 4.2 percent to $26 in after market trading after it said it would pay about $1.02 billion in cash, issue about 39.1 mln shares worth about $980 million and assume about $700 million in debt. The deal follows others this month by EOG Resources Inc, which is buying privately-held Yates Petroleum Corp for $2.5 billion, and Enbridge of Canada's...

  • Demand for cruises weakened in August, one of the busiest booking months of the year, amid concerns of the spread of the Zika virus in the Caribbean and geopolitical events in Europe, Morgan Stanley analyst Jamie Rollo said in a pre-earnings note. It's just not at the rapid rate that we had in some of the previous quarters, "CEO Arnold Donald said on an earnings call.

  • Sept 26- Wall Street was lower on Monday as Pfizer weighed on health stocks and Deutsche Bank on financials. Deutsche Bank's U.S.-listed shares fell 6 percent to a record low of $11.96, and dragged on big Wall Street banks, after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender. The bank said it had no need for German...

  • LONDON, Sept 26- European stocks fell on Monday as a pullback in the shares of major banking and energy companies weighed on the region's markets. The pan-European STOXX 600 index fell 0.7 percent in early session trading. The index remains down by around 6 percent since the start of 2016..

  • *Downbeat day on Wall Street casts pall over Asian shares. TOKYO, Sept 26- Asian shares began the week under a cloud on Monday after losses on Wall Street, as investors' attention turned from central banks to American politics ahead of the first U.S. presidential debate. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent in early trade,...

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday as creditors thrashed out the terms of a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed for bankruptcy in January 2015. The latest offer from Caesars...

  • Sept 23- Endo International Plc said Chief Executive Rajiv De Silva had stepped down and would be replaced by generics division head Paul Campanelli, as the drugmaker grapples with a large debt load and mounting pressure on some of its drug prices. Endo's shares rose as much as 18 percent to $23.98 on Friday as the company also maintained its full-year profit and...

  • CHICAGO, Sept 23- Shares of Caesars Entertainment Corp slid on Friday, a day after hitting a 16- month high, as investors awaited a midnight deadline for creditors to accept a sweetened $5 billion deal that could finally extract the casino company from a costly bankruptcy. The company's main operating unit, Caesars Entertainment Operating Corp Inc, or CEOC, filed...