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CNBC Utilities Page Companies

  • OTTAWA, Feb 16- Canada's main stock index edged up on Thursday to notch a fresh record high as Barrick Gold Corp jumped on the company's better-than-expected profits, though a drop in shares of Sun Life helped keep overall gains in check. Goldcorp Inc also drove the market higher as lower costs at its gold mines in the Americas helped its quarterly profit beat...

  • OTTAWA, Feb 16- Canada's main stock index ended slightly higher on Thursday as Barrick Gold Corp jumped on the company's better-than-expected profits, though that was offset by a drop in Sun Life, which reported a decline in earnings.

  • ZURICH, Feb 16- Allianz, Europe's largest insurer, proposed spending 3 billion euros on buying back its own shares on Thursday after the Munich- based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. The company announced a 4.1 percent rise in the dividend to 7.60 euros per share after posting a 23...

  • *Q4 adj profit of $0.08/ shr vs est. "We are guiding to a range of 2-3 percent for the next year, slightly lower than previous guidance of 3 percent," Chief Financial Officer Gunther Plosch said at Wendy's investor day. Chief Executive Todd Penegor said in August he was confident that Wendy's would grow at its long-term guidance of about 3 percent.

  • BUDAPEST/ PRAGUE, Feb 16- Polish stocks climbed to an 18- month high on Thursday as the government floated the idea of merging two refiners and the gas company PGNiG unexpectedly forecast strong profits for the fourth quarter. The Warsaw stock market's blue-chip index rose 1.3 percent by 1333 GMT as PKN shares surged 4.5 percent and Lotos gained 7.2 percent.

  • The Chicago company, which also runs the Andaz hotel brand, reported fourth-quarter net income of $41 million, or 31 cents per share, in the last three months of 2016. Adjusted earnings came to 29 cents per share, beating the 24 cents per share analysts expected, according to Zacks Investment Research. Shares of Hyatt Hotels Corp. were unchanged before the stock...

  • SHANGHAI, Feb 16- China stocks posted modest gains on Thursday as higher commodity prices and infrastructure spending continued to boost shares of firms in the materials sector. China's high-profile "One Belt, One Road" initiative to link markets from Asia to Europe and its accelerated infrastructure investment at home have boosted demand for...

  • Stifel Financial's subsidiaries, Stifel Nicolaus& Co and Miller Buckfire& Co, have been engaged as hhgregg's financial adviser and investment banker. Hhgregg's shares surged 21 percent to 52 cents in extended trading. "We are committed to improving our results through our business strategy, including investments made to shift our focus to appliances and...

  • Feb 15- Medicaid- focused health insurer Molina Healthcare Inc on Wednesday reported a fourth-quarter loss and forecast 2017 profit far below Wall Street estimates, sending its shares down 14 percent. Molina placed the blame for its disappointing performance on the Affordable Care Act, former President Barack Obama's signature healthcare reform law...

  • TripAdvisor's total revenue in the fourth quarter was $316 million, missing the average analyst estimate of $326.5 million, according to Thomson Reuters I/B/E/S. Needham, Massachusetts- based TripAdvisor, which aggregates reviews and opinions about destinations and hotels, said its referral and transaction revenue was $154 million, flat from last year.

  • Shares of the company, which owns websites such as TripAdvisor.com and Oyster.com, fell 4.3 percent to $50.45 in after-hours trading on Wednesday. The company's net income fell to $1 million, or 1 cent per share, in the fourth quarter ended Dec. 31, from $3 million, or 2 cents per share, a year earlier. The company reported revenue of $316 million, below the average...

  • TORONTO/ VANCOUVER, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but weaker demand at the start of the year spooked investors, sending its shares lower. The Lunar New Year holidays also crimped demand in Asia. Shares of the Vancouver- based company,...

  • Feb 15- Ad agency owner MDC Partners Inc said on Wednesday Goldman Sachs Group Inc would invest $95 million and get a seat on its board, sending its shares up about 30 percent. As of Sept. 30, the company had total liabilities of $2.09 billion and total assets of $1.6 billion. Bradley Gross, a managing director in the merchant banking division of Goldman Sachs, will join...

  • TORONTO, Feb 15- Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but said weaker demand in recent weeks was eroding prices and sales. Shares of the Vancouver- based company, which also mines copper, gold and silver, were down 4.3 percent at C $31.27 in early...

  • *Sees 2017 adj. profit of $5.09/ shr vs est $5.16. Feb 15- PepsiCo Inc forecast 2017 adjusted earnings below analysts' estimates, citing weakness in its international markets, particularly in developing regions such as Asia, Middle East and North Africa. PepsiCo forecast 2017 adjusted earnings of $5.09 per share, missing the average analysts' estimate of $5.16.

  • Feb 15- U.S. agricultural trader Bunge Ltd on Wednesday reported a better-than-expected quarterly profit and forecast strong earnings growth in 2017 on expected massive corn and soybean harvests in South America, sending shares nearly 8 percent higher. The company expects its agribusiness unit, the largest in terms of revenue and volumes, to start the year...

  • TOKYO, Feb 15- Shares in Toshiba Corp skidded on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell a majority stake in its prized flash-memory chip unit as it scrambles for cash to stay in business. Facing a March 27 deadline to avoid a delisting, Chief Executive Satoshi Tsunakawa said he would consider...

  • TOKYO, Feb 15- Japan's Nikkei share average rose near six-week highs touched earlier in the week on Wednesday, as shares of insurers soared after comments from U.S. Federal Reserve Chair Janet Yellen boosted U.S. and global bond yields. The Nikkei gained 1 percent to 19,437.98, near Monday's intraday high of 19,519.44.

  • TOKYO, Feb 15- Shares in Toshiba Corp tumbled on Wednesday after the conglomerate said it would book a $6.3 billion hit to its U.S. nuclear unit and may sell more of its prized flash-memory chip business than planned to urgently raise funds. "Usually in a corporate turnaround plan, the company would keep its most competitive business after selling non-performing...

  • Feb 14- Activist investment fund Engaged Capital LLC urged the board of furniture retailer Rent-A-Center Inc to start evaluating strategic alternatives, including a potential sale of the company. Rent-A-Center's shares have declined 75 percent over two years under the current board, Engaged Capital said. Even under a favorable operating environment,...