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CNBC Utilities Page Companies

  • LONDON, Oct 24- British aerospace and defense company Cobham cut its profit forecast for the second time this year blaming continued weak demand for some electronics products, knocking its shares and raising questions about 2017.. Shares in Cobham fell 17 percent to 133 pence at 0914 GMT, their lowest level since June. The stock had hit an 11- year low of 126.6...

  • Oct 24- Hong Kong stocks firmed on Monday, led by buoyant mainland markets, but gains were capped by concerns over continued yuan weakness and the possibility of a U.S. rate hike in December. Most sectors in Hong Kong rose, with energy and financial shares among the best performers. Hong Kong- listed shares in Nanjing Panda Electronics plunged as much as 16.9 percent,...

  • TORONTO, Oct 21- Canada's main stock index rose to a 16- month high on Friday as shares of energy and materials companies led broad-based gains and investors raised bets on a rate cut from the Bank of Canada. A weaker currency increases the competitiveness of Canada's exporters. The Toronto Stock Exchange's S&P/TSX composite index closed up 91.12 points, or 0.61...

  • TORONTO, Oct 21- Canada's main stock index rose to a 16- month high on Friday as shares of energy and materials companies gained ground and investors speculated on a rate cut from the Bank of Canada. At 11:05 a.m. EDT, the Toronto Stock Exchange's S&P/TSX composite index rose 52.07 points, or 0.35 percent, to 14,899.99. Gains for the index came as...

  • LONDON, Oct 20- European shares slipped back on Thursday, as a clutch of profit warnings from companies throughout the region took their toll on the market. The pan-European STOXX 600 index was down by 0.1 percent, and is down by around 6 percent since the start of 2016.. Shares in German engineering company GEA slumped by around 20 percent after the firm slashed its...

  • TOKYO, Oct 20- Japan's Nintendo Co Ltd said it will release a short video later on Thursday of the next-generation game console it plans to launch globally in March- an announcement that sent its shares up more than 4 percent. The Kyoto- based games company has disclosed few details of the console beyond its codename, NX. Shares of Nintendo rose as much as 4.4 percent...

  • The credit card issuer, which has historically catered to upscale consumers, said it plans to increase spending on digital marketing, a strategy that helped it add 1.7 million new card members in the United States this quarter and expand globally. The company raised its full-year adjusted earnings forecast to $5.90- $6.00 per share from $5.40- $5.70 and...

  • Oct 19- Facebook Inc said users in the United States would be able to order food through the Facebook pages of restaurants starting on Wednesday as part of its efforts to connect users and businesses. Facebook shares were up 0.8 percent at $129.58 in early trading. Shares of GrubHub Inc, which offers a food ordering service similar to that announced by Facebook,...

  • Oct 19- Hong Kong shares fell on Wednesday, giving up some of the previous session's solid gains, as China's economic growth data did little to prop up fragile investor sentiment. And a morning rally in Chinese state companies listed in Hong Kong fizzled out, as investors took profit from gains that had been fueled by reform hopes. Hong Kong- listed shares of China...

  • MILAN, Oct 19- Shares in Banca Monte dei Paschi di Siena rose more than 9 percent in early trade on Wednesday after the troubled lender kept the door ajar to an alternative rescue plan presented by former industry minister Corrado Passera. "The stock is clearly rising because they haven't yet rejected the Passera plan," a Milan- based trader said.

  • TOKYO, Oct 19- Japan's Nikkei share average rose for a fourth day on Wednesday, taking cues from a bounce in Wall Street shares, while Sharp Corp jumped 11 percent after saying it expects significant improvement in annual profit. Another individual stock in the spotlight was Mitsubishi Motors Corp, which soared 7.9 percent after the Nikkei newspaper reported...

  • *China economy stabilizing, Q3 GDP data in line with expectation. SHANGHAI, Oct 19- China stocks were little changed on Wednesday morning after fresh data showed the Chinese economy is stabilizing, as expected, while Hong Kong shares gave up a bit of the previous session's sharp gains. "The upshot from today's data is that economic activity seems to be holding up...

  • TORONTO, Oct 18- Canada's main stock index rose to a more than 2- week high on Tuesday as rising oil and gold prices supported resource stocks, while shares of financial companies also climbed in a broad-based rally. "It's largely been driven by oil and gold, but that's sort of the way its been over the last couple of months," said John Stephenson, president& CEO at...

  • Oct 18- Intel Corp reported a 9.1 percent rise in quarterly revenue, helped by improving PC demand and growth in its data center and cloud businesses. The world's largest chipmaker said net income rose to $3.38 billion, or 69 cents per shares, in the third quarter ended Oct 1, from $3.11 billion, or 64 cents per share, a year earlier. The company's net revenue rose to...

  • Shares in the company jumped 7.6 percent to $163.62, a record intraday high. Franchisees at some other chains, including Dunkin' Donuts, saw business soften after they raised prices to help offset higher labor costs. Wall Street analysts are tempering growth expectations for restaurant companies, including McDonald's Corp and Dunkin' Brands Group Inc, due to...

  • SAO PAULO, Oct 18- Latin American stocks and. In cautious comments last week, Fed Chair Janet Yellen said the U.S. central bank might have to run a "high-pressure economy" to allow the country to heal from the 2008-2009 financial crisis. Brazil's Bovespa stock index advanced 1 percent, supported by shares of state-controlled oil company Petróleo Brasileiro SA...

  • Oct 18- Wall Street was set for a higher open on Tuesday, buoyed by a slew of better-than-expected quarterly reports, including from Netflix and Goldman Sachs. Goldman rose 1.2 percent and lifted shares of other banks after the company's third-quarter results blew past Wall Street estimates as it raked in higher trading revenue. "The markets are expecting an...

  • Oct 18- U.S. stock index futures were modestly higher on Tuesday, buoyed by better-than-expected quarterly reports, including from Netflix and Johnson& Johnson. *Shares of Netflix surged 19.13 percent to $118.89 in heavy premarket trading after the video streaming website added many more subscribers in the third quarter than expected. *Wall Street closed...

  • TORONTO, Oct 17- Canada's main stock index edged higher on Monday, led by gains for the materials group as gold rose, while lower oil prices weighed on the shares of energy companies. Teck Resources Ltd rose 3.7 percent to C $25.56, while Barrick Gold Corp was up 1.3 percent at C $20.86. The Toronto Stock Exchange's S&P/TSX composite index closed up 11.53 points, or...

  • In the United States, Netflix added 370,000 subscriptions, compared with analysts' estimate of 309,000, according to research firm FactSet StreetAccount. The company said it plans to license content to existing online service providers in China rather than operate its own service in China in the near term. The company, whose other popular original shows...